Binh Duong’s first net-zero industrial cluster to be built

Gia Dinh Group and SEP Cooperative of the Republic of Korea (RoK) on April 13 signed a memorandum of understanding on building a net-zero industrial complex in the southern province of Binh Duong.
Binh Duong’s first net-zero industrial cluster to be built ảnh 1A representative of the SEP group introduced carbon neutralisation technology that will be applied at Tam Lap 2 industrial cluster in Binh Duong province's Phu Giao district. (Photo: baodautu.vn)

Hanoi (VNA) – Gia Dinh Group and SEP Cooperative ofthe Republic of Korea (RoK) on April 13 signed a memorandum of understanding onbuilding a net-zero industrial complex in the southern province of Binh Duong.

Within the framework of the signing ceremony, a representativeof the SEP group introduced carbonneutralisation technology that will be applied at Tam Lap 2 industrial clusterin Phu Giao district. Accordingly, solar energy will be used, waste and wastewater treatment systems built and industrial waste recycled in the cluster.

Construction of the 180-ha project is expected to begin at theend of this year with an investment capital of about 200 million USD.

Tam Lap 2 will be developed based on the carbon-neutral modelpiloted at Banwol-Sihwa Industrial Complex in the RoK. Once completed, it will welcome about 20 member companies of SEPto invest here.

Binh Duong province is calling for foreign investment inenvironment-friendly projects. In February this year, BecamexIDC Corporation and Singapore-based Sembcorp Development Ltd signed anagreement under which both sides will develop five green- and smart-orientedindustrial parks in Vietnam in the next three years, some of which will be located in Binh Duong.

Currently, the third Vietnam-Singapore Industrial Park (VSIPIII) in Binh Duong is being built in line with the criteria of a green industrial park.

Denmark-based LEGO group has decided to build its firstcarbon-neutral factory in VSIP III with an investment capital of 1.3 billionUSD. The plant is expected to becomeoperational by 2024, creating 4,000 jobs for local people within the next 15years./.

VNA

See more

The Vietnamese section of the Monsoon – Thanh My 500kV transmission line project (Photo: VNA)

500kV transmission line from Laos energised

The Monsoon – Thanh My 500kV transmission line project is designed to import electricity from Laos’ Monsoon wind power plant to Vietnam, adding 600 MW to the national power grid during the 2024–2025 period.​

The entrance gate to Hanoi’s Ciputra Urban Area, where banks are selling apartments and villas. (Photo: cafef.vn)

Banks selling mortgaged assets to recover bad debts

The Viet Dragon Securities Company (VDSC) said that bad debts might continue to increase slightly this year, after a circular allowing banks to reschedule debt repayment periods and maintain the debt group for certain sectors expired at the end of 2024.

Vietnamese Ambassador to Argentina Bui Van Nghi (th fourth from the fright) in the meeting with Governor of Brazil's Espirito Santo state Renato Casagrande. (Photo: VNA)

Vietnam seeks to set up cooperation with Brazilian locality

In his meeting with Governor of Brazil's Espirito Santo Renato Casagrande, Ambassador to Argentina Bui Van Nghi Bui Van Nghi valued the potential for cooperation between the two sides, particularly in priority areas such as tourism, information technology, hi-tech agriculture, and seaport.

Remittances to Vietnam in 2024 are estimated at about 16 billion USD, maintaining the record-high levels seen in 2023. (Photo: VNA)

Remittances surge as Tet approaches

According to the State Bank of Vietnam’s Ho Chi Minh City branch, 9.6 billion USD, or 60% of the total remittances, flew through financial institutions, representing a 140 million USD increase from the previous year.

Bank lending in HCM City achieves high growth last year. (Photo courtesy of ABBANK)

Banks' credit up 11.3% in HCM City in 2024

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over 3.9 quadrillion VND (153.3 billion USD), a 11.3% increase for the year, according to the central bank.

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year. (Photo: https://doanhnhansaigon.vn)

Remittances to HCM City surge ahead of Tet

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.

Illustrative photo (Photo: VNA)

Retail petrol prices down in latest adjustment

The price of E5RON92 bio-fuel was priced at 20,592 VND (0.82 USD) per litre, representing a 158 VND decrease from the previous baseline, while RON95-III decreased to 21,142 VND per litre, down 78 VND.