The southern industrial hub of Binh Duong has seen a positive change in foreign direct investment (FDI) inflows with higher number of projects meeting the locality’s criteria of high technology, high economic values, environmentally friendlỉness, and less labour-intensiveness, according to the provincial Department of Planning and Investment.
The design of Lego factory in Binh Duong (Photo: VNA)
Binh Duong(VNA) – The southern industrial hub of Binh Duong has seen a positive change inforeign direct investment (FDI) inflows with higher number of projects meetingthe locality’s criteria of high technology, high economic values,environmentally friendlỉness, and less labour-intensiveness, according to the provincialDepartment of Planning and Investment.
Outstanding FDIprojects satisfying Binh Duong’s green economic development criteria include anover-1-billion-USD factory of Lego Group, which is scheduled to becomeoperational in 2024.
Preben Elef, Vice Presidentof Lego Group, said that the factory is Lego's first carbon-neutral projectdeveloped towards green, sustainable and environmentally friendly direction.
The factory has nocarbon emissions, using electricity from renewable sources provided from thesolar farm next to the facility, he said, adding that it is built to LeedGold standard - a globally recognised green building certificate, contributingto the goal of reducing carbon emissions by 37%.
Similarly, Denmark’s PandoraGroup has invested 100 million USD in a jewelry factory in Binh Duong,also to the Leed Gold standard.
SEP Group from theRepublic of Korea also plans to pour 200 million USD into the first carbonneutral industrial complex specialising in the shoe industry with carbonreduction infrastructure in Vietnam, which covers 180 hectares at Tam Lap 2Industrial Cluster, Phu Giao district.
Nguyen Van Hung, Chairman of Becamex IDC, said that the firm and Singapore’s SembcorpDevelopment LTD have just signed a contract to construct five green, smart andsustainable industrial parks in Vietnam with a total investment of about 1billion USD.
Singaporean investors haveshown their interest in investing in sustainable infrastructure and renewableenergy in Vietnam, contributing to realising the country’s ambitious target ofnet-zero emissions in 2050.
Vo Van Minh, Chairmanof the People’s Committee of Binh Duong, said that the locality is focusing ondeveloping green and high added-value industry, along with urban, services andlogistics areas in association with the digital transformation and digital economytargets.
The province has alsodesigned a green growth strategy, which concentrates on greening economicsectors, promoting sustainable consumption, and improving the awareness of businessesand people on emission reduction, thus enhancing the living conditions forlocal residents amid climate change impacts, he said./.
The southern province of Binh Duong as of the end of 2022 had attracted more than 4,082 foreign direct investment (FDI) projects worth nearly 40 billion USD of registered funds, ranking it among the top two provinces in the country in FDI attraction, just after Ho Chi Minh City.
The southern industrial hub of Binh Duong has seen a recovery in exporting activities with many major exports seeing increases in revenue in February after a slump in orders in the first month of the year, according to the provincial Department of Industry and Trade.
The southern province of Binh Duong is focusing on attracting investment from leading potential partners in the world with modern management, including those from Singapore, said a local official.
The southern province of Binh Duong wishes to strengthen cooperation with and attract more investment from Laval city in Canada’s Quebec region, as well as Canadian businesses, said Vice Chairman of the provincial People’s Committee Mai Hung Dung.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
The design of Lego factory in Binh Duong (Photo: VNA) 
