World Bank supports eco-industrial park development in Binh Duong

The World Bank (WB) and Becamex IDC Corporation held jointly a conference in Binh Duong Province, on June 27 to announce the results of a study on the development potential of the Eco-Industrial Park (EIP) in the locality.
The chairs of the conference.
The chairs of the conference.

The research specifically focused on the Bau Bang Industrial-Urban-Service Zone in the province.

The conference was attended by leaders of Binh Duong Provincial People's Committee, representatives of the World Bank, executives from Becamex IDC Corporation and representatives of the Ministry of Planning and Investment, the Ministry of Industry and Trade and the International Finance Corporation (IFC), as well as investors and businesses.

To support Vietnam’s commitment to promoting the development of eco-industrial parks, World Bank initiated a technical assistance project to assess the feasibility of developing eco-industrial parks in selected industrial zones nationwide. It aims to assist the Vietnamese Government and provincial authorities in enhancing the competitiveness of their manufacturing sectors, through the establishment of eco-industrial parks. Becamex IDC Corporation and Binh Duong Province were selected as the main partners for this project.

During the conference, participants received information related to the project led by the World Bank and Becamex IDC Corporation and shared insights and experiences from the Republic of Korea (RoK), regarding the development of eco-industrial parks and green and smart industrial parks.

An overview of the conference.

An overview of the conference.

They also conducted a basic evaluation of industrial zones in Vietnam, the legal framework, advantages and challenges related to eco-industrial park governance and presented an action plan for the Bau Bang Industrial-Urban-Service Zone. The conference also covered various other topics, including technology selection, the assessment of eco-industrial parks’ operation in Vietnam, the introduction of a toolkit for entirely new eco-industrial parks and an overview of the forthcoming eco-industrial park development roadmap.

Nah Yoon Shin, a private sector specialist from the World Bank, stated that the conference aimed to promote collaboration among relevant parties and accelerate the development process of eco-industrial parks in Vietnam.

Mai Hung Dung, the vice chairman of the People's Committee of Binh Duong province, expressed his full support and confidence in the collaboration between the World Bank and Becamex IDC Corporation, to conduct the study for the opportunities to implement eco-industrial parks in Bau Bang District, contributing to the industrial development of Binh Duong province and the entire country, in an environmentally friendly, smart, and sustainable manner.

NDO