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Saturday, October 8, 2022

HCMC to develop Hiep Phuoc into eco-friendly industrial park

By Le Hoang

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HCMC – The city is planning to develop the Hiep Phuoc Industrial Park into an eco-friendly industrial zone, according to Vo Van Hoan, vice chairman of the city.

The city will work closely with the Ministry of Planning and Investment and the United Nations Industrial Development Organization to deploy the project to develop eco-industrial parks in HCMC.

As planned, the Hiep Phuoc Industrial Park will be included in the blueprint.

Some 24 enterprises at the Hiep Phuoc Industrial Park have registered to participate in the initiative. They will build a cleaner manufacturing system using materials and energy more efficiently and sustainably.

HCMC expects to take the case of the Hiep Phuoc Industrial Park as a model to scale up the project throughout the city.

In addition, the city intends to build a new eco-friendly industrial park based on the proactive use of advanced technologies.

The project is supported by the Swiss government under the name, “Deploying eco-industrial parks in Vietnam under the approach of the Global Ecological Industrial Park Program”.

It will take three years to be completed in HCMC, Haiphong, Danang, Can Tho and Dong Nai, beginning in 2020.

HCMC now has three export processing zones and 14 industrial parks. These facilities have attracted over US$12 billion in investment capital, created around 276,000 jobs and contributed roughly VND50,000 billion to the budget per annum.

The export revenue of the processing and industrial zones has reached US$8 billion annually, accounting for around 21% of the city’s total exports, excluding crude oil.

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