Gia Dinh Group and SEP Cooperative of the Republic of Korea (RoK) have signed a memorandum of understanding on building a net-zero industrial complex in the southern province of Binh Duong.

Within the framework of the signing ceremony, a representative of the SEP group introduced carbon neutralisation technology that will be applied at Tam Lap 2 industrial cluster in 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 180ha project is expected to begin at the end of this year with an investment capital of about US$200 million.

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

Binh Duong Province is calling for foreign investment in environmentally friendly projects. In February this year, Becamex IDC Corporation and Singapore-based Sembcorp Development Ltd signed an agreement under which both sides will develop five green- and smart-oriented industrial parks in Viet Nam in the next three years, some of which will be located in Binh Duong.

Currently, the third Viet Nam-Singapore Industrial Park (VSIP III) 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 first carbon-neutral factory in VSIP III with an investment capital of $1.3 billion. The plant is expected to become operational by 2024, creating 4,000 jobs for local people within the next 15 years. — VNS

l; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Harmander Mahal, head of the bank’s consumer, private, and business banking for Viet Nam and Asia, said: “We’re excited to be pioneers in this space that promises to have a significant positive impact on SMEs in Viet Nam. By providing SMEs with more effective access to financing solutions, we can accelerate broader financial inclusion and further contribute to the economy’s growth through this important segment.”

The programme’s target customers are SMEs in manufacturing, trading and services that require financing against e-invoices to meet their working capital requirements.

Standard Chartered will use multiple data points and digital underwriting to set suitable credit limits.

Standard Chartered has been named the “Best Retail Bank in Viet Nam” and “Best Strategic Partnership” at the 2023 Asia Trailblazer Awards by Retail Banker International.

MISA received the Outstanding ICT Company Award in 2018 from the Asian-Oceanian Computing Industry Organisation. — VNS