Ho Chi Minh City (VNA) – Phu My 3 Specialised Industrial Park in Ho Chi Minh City is emerging as a model eco-industrial park, supporting Vietnam's sustainable development goals and its commitment to achieving net-zero emissions by 2050.
Developed under a strategic cooperation agreement between the Vietnamese and Japanese governments, the nearly 1,000-hectare industrial park is expected to become the city's first eco-industrial park under the country's new regulatory framework.
Construction of Phu My 3 began in 2013 on a marshland area in the eastern part of Ho Chi Minh City, covering today's Tan Phuoc and Tan Hoa wards. Rather than simply providing industrial land, developer Thanh Binh Phu My JSC has built an integrated ecosystem linking technical infrastructure, logistics and energy services into a unified value chain.
Leveraging its proximity to the Cai Mep–Thi Vai deep-water port system and nearby energy facilities, the industrial park focuses on the three strategic sectors of basic materials and chemicals, gas-based energy and logistics services.
A key feature of the park is its centralised infrastructure management system. Electricity, water and gas are supplied through a unified network to each factory, enabling tighter environmental oversight. Environmental standards are strictly enforced, with businesses that repeatedly violate environmental regulations facing suspension of infrastructure services after three offences.
The park also requires all investors to connect to a centralised wastewater treatment system that meets Vietnam's highest Class A discharge standard before commencing operations.
Beyond production facilities, around 200 hectares have been allocated for urban and social infrastructure, including residential areas, sports facilities and accommodation for experts. A 4.67-hectare housing project capable of accommodating around 10,000 workers is also being prepared to improve social welfare for employees.
To date, Phu My 3 has attracted 51 investment projects from Japan, Europe, the United States and other developed economies, with total registered capital approaching 6 billion USD. The park's occupancy rate has reached 80%, while total investment is projected to exceed 7 billion USD by 2027.
Average investment density stands at 10–12 million USD per hectare, placing the industrial park among Vietnam's leading destinations for high-value industrial investment.
An assessment team from the Ho Chi Minh City Export Processing and Industrial Zones Authority confirmed on July 3 that Phu My 3 had substantially met the five mandatory criteria for eco-industrial parks under Vietnam's new regulations. If approved by the competent authorities, it will become the city's first officially recognised eco-industrial park.
During his field trip on July 5, Chairman of the municipal People's Committee Nguyen Van Duoc praised the project's industrial symbiosis model and its strategy of attracting high-quality investors. He said the approach is in line with the city's industrial transformation strategy and will help attract sustainable investment as multinational corporations increasingly prioritise low-carbon supply chains.
Operating under an eco-industrial model not only enhances the competitiveness of businesses but also reflects a shift in Vietnam's approach to industrial development, one that balances economic growth with social responsibility and environmental protection./.
