The head office of Phu My 3 Specialized Industrial Park
With the support of the Japan International Cooperation Agency (JICA), Phu My 3 Specialized Industrial Park (Phu My town, Ba Ria-Vung Tau) was born, gradually becoming a model model, considered as an ecological, smart industrial park, applying information technology in management and operation.
Phu My 3 Specialized Industrial Park has many advantages: Modern, synchronous technical infrastructure system meeting international standards; sources of electricity, water, gas ... stably supplied to the fences of the plants; convenient, easy and fast connection in transportation by both the roadway and seaway. Industrial park investors always strictly comply with regulations on environmental protection and accompany and guide secondary investors in industrial parks to comply with these regulations; The management and supervision of the environment, prevention and response to incidents are organized methodically, scientifically and effectively...
In addition to the synchronous, complete and internationally planned infrastructure, with full functions and utility services for investors, experts, employees, the industrial park also has a accomodation area for experts, workers, a park of nearly 100 hectares, 18-hole golf course, football field, tennis court, badminton court, swimming pool, commercial-service center, health station, preschool ... These factors help Phu My 3 Specialzied Industrial Park become an attractive location for green industry development and circular economy.
Phu My 3 Specialized Industrial Park has been a model and future orientation for all 15 industrial parks of Ba Ria-Vung Tau. In 2017, with the support of the Government of Japan, JICA conducted a survey on the development status of Ba Ria-Vung Tau in order to have a basis for developing a strategy to take advantage of and promote based on the potentials and advantages of the province.
Based on the survey, JICA proposed the program "Economic development initiative based on potentials and advantages of Ba Ria-Vung Tau province", referred to as PBEG program. PBEG was approved by the People's Committee of Ba Ria-Vung Tau province in September 2018. The program has three goals: Doubling GDP after 15 years, making Ba Ria-Vung Tau an advanced province of green growth of the southern key economic zones, the province will become an international logistics center. Up to now, the province has established 15 industrial parks with a total area of 8,510 hectares. In 15 industrial parks, there are 13 industrial parks in operation with centralized wastewater treatment plants operating stably and installing automatic wastewater monitoring systems in accordance with the law.
As of October 2023, industrial parks in the province have 571 valid domestic and foreign investment projects, with a total registered investment capital of more than 23,435 billion USD; in which, there are 284 foreign direct investment (FDI) projects with a total registered capital of 13,738 billion USD and 287 domestic projects. Many large corporations and companies in the world and Vietnam have chosen Ba Ria-Vung Tau as an investment destination such as Wanek, Lock&Lock, Posco, Marubeni, Hyosung, Austal, CJ Cheiljedang, Sojitz, Nitori, Heineken, Pomina, Viglacera Corporation, Hoa Sen Group... The above enterprises have invested in many important fields such as power generation, steel, shipbuilding, construction materials, petrochemicals, oil and gas services, supporting industries associated with the development of port systems and seaport logistics services.
From the success of Phu My 3 Specialized Industrial Park in particular, industrial parks in Ba Ria-Vung Tau in general, experts said that the Southern Key Economic Zones as well as the Southeast region need to quickly have a roadmap to develop the eco-industrial park model. This is an indispensable and urgent requirement in the context of Vietnam's deeper and international integration, many free trade agreements have been and are about to be signed, taking effect obliging imported and exported goods to ensure green, friendly and environmental protection factors. Moreover, eco-industrial parks with green production and circular economy are great advantages in attracting domestic and foreign investment.
FDI enterprises are very interested in achieving sustainable development goals; towards environmental, social and governance values and standards in the global supply chain. Not only that, the promotion of the implementation of the eco-industrial park model will contribute to helping Vietnam realize the sustainable development goals and achieve net-zero emissions by 2050 as committed.
Therefore, from the practice in Ba Ria-Vung Tau, to develop the eco-industrial park model, localities need to carefully consider their advantages and then orient their strategies to attract investment and must persevere with that goal. In particular, the most important requirement is that industrial park investors and authorities must understand, listen and accompany enterprises, especially large investors. Next, localities need to step up administrative procedure reform; proactively develop favorable policies and mechanisms, encouraging the development of eco-industrial park models and symbiotic and circular economy, especially policies on finance, land, and taxation... At the same time, the province proposes the Central Government to soon loosen difficulties, obstacles and barriers and complete the legal corridor for the formation of eco-industrial parks.