Stakeholders Discuss Sustainable Industrial Development at the Vietnam Industrial Park Forum 2024

The Vietnam Industrial Park Forum 2024, themed ‘The Era of Advancement for Vietnam’s Industrial Parks’, was successfully organised in Hồ Chí Minh City by the Vietnam Industrial Zone Portal (VIZ), the Vietnam Industrial Real Estate Association (VIREA), and IDH.

In the face of global challenges, the forum emphasised the urgent need for innovation in industrial park development. It focused on restructuring global supply chains, the energy transition, and addressing the impacts of climate change. With Vietnam’s commitment to sustainable growth and improving global competitiveness, the forum underscored the critical role that smart and sustainable industrial parks will play in the country’s future.

The forum gathered over 300 leaders, alongside representatives from 400 industrial parks and 1,000 industrial clusters across Vietnam. It resulted in actionable outcomes, including policy recommendations, strategic initiatives, and strengthened cooperation frameworks for sustainable industrial development. Key topics discussed included:

• Industrial Park Development Policies: Exploring legal frameworks and recommending improvements to foster sustainable momentum.
• Infrastructure Transformation: Strategies for modernising infrastructure to support the green transition and attract high-quality Foreign Direct Investment (FDI).
• Environmental, Social, and Governance (ESG) Practices: Implementing ESG standards and achieving Net Zero targets in industrial park management.
• Smart and Sustainable Industrial Parks: Sharing global best practices and innovative models for replication in Vietnam.
• Multilateral Cooperation: Strengthening partnerships among industrial parks, investors, and financial organisations to drive sustainable growth and global competitiveness.

The forum’s sessions covered a range of topics, including policies for industrial park development, ESG practices, green logistics, compliance, responsible business practices in supply chains, legal solutions, investment strategies, and the integration of cutting-edge technologies.

The event concluded with a comprehensive report summarising insights and proposals, which will be submitted to the Central Economic Commission, the government, and relevant authorities. The forum reaffirmed Vietnam’s commitment to achieving Net Zero by promoting the development of smart, sustainable industrial parks that align with global investor standards.