Thang Long Vinh Phuc Industrial Park -  an appealing destination for investors

Emphasis on developing green industrial parks

Currently, Vinh Phuc province is home to 16 industrial parks (IPs), including nine in operation: Khai Quang (221.46 ha), Binh Xuyen (286.98 ha), Kim Hoa (50 ha), Ba Thien (325.75 ha), Binh Xuyen II - Phase 1 (42.21 ha), Ba Thien II (308.83 ha), Tam Duong II - Section A (135.17 ha), Son Loi (257.35 ha), and Thang Long Vinh Phuc (213 ha). According to the Vinh Phuc Provincial Plan for the 2021-2030 period, with a vision to 2050, approved by the Prime Minister, Vinh Phuc will have 24 industrial parks with a total scale of 7,000 ha by 2030.

Recognizing the importance of a green, clean, and attractive environment in industrial parks, Vinh Phuc has focused on attracting sustainable investors and creating a nature-friendly workplace for workers. Investors have revitalized internal roads with landscaping and mandated that each tenant allocate at least 10% of their area for greenery, water surfaces and traffic routes. As a result, investors and tenants also clearly understand the importance of building "green lungs" in IPs. This approach has helped create green areas in IPs, protect the environment and improve worker health as well as wellbeing in communities around IPs.

At Thang Long Vinh Phuc Industrial Park, developer Sumitomo Corporation has invested in trees, lawns and ornamental plants to create a "green lung." This aims to lighten the impact of factory environments while helping workers unwind after hours. The company devoted 20% of the total area for trees, water surfaces and roads. The industrial park is currently planted with many kinds of trees with large canopies to create landscapes and reduce environmental pollution.

Additionally, the company has constructed three canals totaling 3.6 km along internal roads to manage rainwater, prevent flooding, and store water for irrigation, enhancing the ecological balance. This commitment to environmental friendliness is a key factor in making Thang Long Vinh Phuc Industrial Park an attractive destination for Japanese investors and major global corporations.

Vinh Phuc has successfully attracted two investors, SHINEC Joint Stock Company and Vinh Phuc Industrial Park and International Services Joint Stock Company, granting them the Certificate of Infrastructure Development for Phuc Yen Industrial Park. The total investment is nearly VND 2,000 billion, covering over 111 hectares in the Phuc Thang and Nam Viem wards of Phuc Yen city. The project has a lifespan of 50 years. According to the investor's schedule, infrastructure construction at Phuc Yen Industrial Park will take place from the second quarter of 2025 to the first quarter of 2027, with operations starting in the second quarter of 2027. Upon completion, the park will feature a modern infrastructure system prioritizing high-tech investment projects in mechanical engineering, precision engineering, medical machinery and electrical equipment. Additionally, the design will optimize green spaces to minimize environmental impact.

Vinh Phuc province prioritizes attracting high-tech, environmentally friendly projects

Prioritizing eco-friendly green projects

Toward building a green, sustainable environment, Vinh Phuc has always been consistent in its stance of not attracting investment projects that risk environmental pollution. In 2018, Vinh Phuc rejected a US$350 million textile factory project proposed by TAL Group (Hong Kong) due to concerns about its potential negative environmental impacts.

To date, this stance was further affirmed in Decision 2906/2021 of the Provincial People's Committee on approving the list of investment projects, restricted projects and prohibited projects in 2021-2025. Specially, in the Provincial Planning for the 2021-2030 period, with a vision to 2050, Vinh Phuc proposed environmental protection plans associated with socioeconomic development. In particular, the province will focus on attracting strategic investors of electronics, automobiles, motorbikes, pharmaceuticals and high-quality agriculture that work towards sustainable development goals and catch up with the Net Zero trend in the world.

Established in 2016, Solum Vina Co., Ltd in Ba Thien II Industrial Park, a 100% South Korean-invested US$20 million company, specializes in manufacturing and processing electronic components for the production and assembly of televisions, computer displays, mobile phones and electronic shelf labeling (ESL) for electronics companies, with a monthly capacity of 10,000 products. To adopt green manufacturing as required by famous electronics companies like Samsung, Apple, Panasonic and Sony, the company actively invested in modern production lines, highly automated in all production stages; built a high-tech research and development center; and coordinated with Vinh Phuc Vocational College to train skilled high-tech workers for the province.

To minimize environmental pollution while still ensuring production and business efficiency, Prime Group Joint Stock Company in Binh Xuyen Industrial Park always actively improves production lines, machinery and equipment to create products of the best quality. In particular, the company invested in the most advanced digital ceramic printing lines to replace the previous flat printing technology. Furthermore, to ensure worker health and the surrounding environment, it invested in many items and projects, including air-cooling systems for production lines (costing more than VND750 million). In locations where dust is generated, it also installed vacuum cleaners to collect dust.

Solum Vina Co., Ltd., Ba Thien II Industrial Park

Moving toward green growth and sustainable development goals, raising the green index and improving the investment and business environment, Vinh Phuc has focused on implementing various solutions like strengthening communications and raising the thinking and awareness of the business community in green production, environmental friendliness; promoting reforms and simplifying administrative procedures to facilitate businesses and people to access and enjoy local environmental support programs, policies and services as well as green practices.

Furthermore, the province has fostered the exemplifying role of leaders of governmental agencies at all levels and raised their awareness and actions towards green practices; consistently adhered to the viewpoint of not trading environment for economic growth; prioritized green projects with little negative impact on the environment and minimal impacts on climate change; and inspected and oversaw manufacturers, traders and service providers in their compliance with environmental laws, especially key projects with large emission sources.