Business

Binh Duong sees increasing green FDI inflows

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.
Binh Duong sees increasing green FDI inflows ảnh 1The 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./.
VNA
#Binh Duong #foreign direct investment (FDI) #Lego Group #green building certificate #Leed Gold #net-zero emissions #Vietnam #Vietnam news #Vietnam News Agency
Follow VietnamPlus

Related News

Binh Duong province attracts second most FDI in Vietnam

Binh Duong province attracts second most FDI in Vietnam

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.
February exports provide positive signal in Binh Duong province

February exports provide positive signal in Binh Duong province

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.
Binh Duong eyes to boost investment bond with Canadian locality

Binh Duong eyes to boost investment bond with Canadian locality

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.

See more

The Vietnam–Cambodia business connectivity conference held in Ho Chi Minh City on July 15 aims at boosting trade and investment between the two economies. (Photo: VNA)

Conference seeks ways to promote Vietnam – Cambodia trade

The value of trade between Vietnam and Cambodia reached 6.2 billion USD in the first six months of 2025, a year-on-year increase of 16.8%. Vietnam's exports to Cambodia totaled 2.7 billion USD, up 4.6% from the same period last year.

A Korea-invested company in Hue city, Vietnam (Photo: VNA)

Foreign investors show strong confidence in Vietnam’s long-term investment potential

While concerns over tariffs are real and may lead some foreign investors to take a more cautious approach in disbursing capital, especially for large-scale and long-term projects, Vietnam still holds significant advantages in attracting FDI thanks to a favourable business environment and, most importantly, the Government’s strong commitment to supporting investors.

Deputy Minister Nguyen Hoang Long, Minister of State Douglas Alexander, and representatives from ministries and the embassies of both countries pose for a group photo at the 14th JETCO meeting. (Photo: VNA)

Vietnam, UK boost economic, trade ties

Over the past decade, trade and investment relations between Vietnam and the UK have made remarkable strides. On trade, the two countries have implemented the UKVFTA for more than four years, and most recently, the UK’s accession as the 12th member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has further strengthened bilateral cooperation.

Workers assemble parts on an automotive production line in HCM City. The city’s industrial sector is showing strong signs of recovery. (Photo: moit.gov.vn)

HCM City sees strong recovery in industrial production

HCM City's 23 industries – including printing and media reproduction, furniture manufacturing, non-metallic mineral products, motor vehicles, electrical equipment, clothing and electronic and optical products – reported higher output in the first half of 2025.

Workers pack cashew nuts at Duc Thinh production and trading co., ltd., former Binh Phuoc province (Photo: VNA)

Vietnam targets 4.5 billion USD in cashew exports for 2025

Figures from the first six months show cashew exports reached 346,800 tonnes, earning 2.36 billion USD, a drop of 2.7% in volume but a surge of 20.4% in value annually. The rise was largely attributed to a significant increase in export prices, which helped offset lower shipment volumes.

The Hai Phong City Convention and Performance Centre is one of the venues for ABAC III. (Photo: VNA)

Hai Phong expects strong wave of investment from APEC member economies

Hai Phong will present investment registration certificates for 32 projects and sign seven Memoranda of Understanding, with total committed capital exceeding 15.6 billion USD. These projects include investments from Europe and the US, reflecting the growing interest of global investors in the city's business environment and development potential.

The ongoing administrative reforms are expected to expand the real estate sector's appeal to investors. (Photo: VNA)

Institutional reforms open new investment frontier for realty sector

Assessing the impact of the new model, Director at Savills Vietnam’s Advisory Services Do Thi Thu Giang said that the deeper decentralisation of authority to local administrations will help reduce processing time for construction permits and project approvals, thereby reducing opportunity costs and increasing investment efficiency.

Minister Counsellor Pham Quang Huy, deputy head of Vietnam's Permanent Mission to Geneva and representatives of St. Gallen Endowment. (Photo: VNA)

Vietnam boosts cooperation with St. Gallen Endowment of Switzerland

Minister Counsellor Pham Quang Huy, deputy head of Vietnam's Permanent Mission to Geneva, has recently held a working session with representatives of the St. Gallen Endowment to boost cooperation between Vietnam and the Swiss fund, as part of his attendance at a seminar in Geneva on risk levels and countries’ trade responses to rising tariffs.