The partnership between Slovak and Vietnamese businesses in developing a green industrial park in Europe is creating a new strategic pathway for Vietnamese enterprises. The collaboration between Belevis Construction S.R.O. (Slovakia) and Dai Dung Group (Vietnam) to develop a large-scale industrial ecosystem in Slovakia is not merely a single investment deal—it could become a gateway for Vietnamese companies to expand deeper into the European Union (EU) market.
Green Industrial Park in Slovakia Opens New Opportunities for Vietnamese Businesses
As sustainable development and carbon neutrality become global standards, the green industrial park model is increasingly attracting international investors.
Recently, Belevis Construction S.R.O. (Slovakia) and Dai Dung Group officially signed a cooperation agreement to develop a large-scale industrial ecosystem in Slovakia while strengthening economic and industrial collaboration between Vietnam and Slovakia.
The signing took place during the Vietnam–Slovakia Business Forum under the witness of senior leaders from both countries, highlighting the project’s strategic significance.
Why Was Slovakia Chosen for Green Industrial Park Development?
1. Strategic Central European Location
Slovakia enjoys a unique geographical advantage as it is located in the heart of the European Union.
This offers several key benefits:
- Easy access to the entire EU market
- Strong connectivity to both Western and Eastern Europe
- Lower logistics costs
- Greater distribution efficiency
This makes Slovakia an ideal destination for Vietnamese companies looking to expand internationally.
2. Euro Currency Advantage for Trade Efficiency
One of Slovakia’s biggest advantages is its use of the euro.
This helps businesses:
- Reduce exchange rate risks
- Simplify cross-border trade
- Improve financial efficiency
- Streamline international payments
For companies targeting the EU market, this is a major competitive advantage.
3. Strong Integrated Logistics Infrastructure
Slovakia has a well-developed infrastructure network, including:
Expressways
Providing fast connectivity to major industrial and commercial hubs across Europe.
Rail Networks
Supporting efficient industrial logistics and freight transportation.
International Airports
Facilitating cargo transport and business mobility.
In the long term, Slovakia could also become a strategic logistics gateway to Ukraine once regional conditions stabilize.
Why Was Dai Dung Chosen by the Slovak Partner?
Strong Industrial Expertise and Brand Reputation
According to the Slovak side, Dai Dung Group was selected because of:
- extensive experience in large-scale industrial projects
- strong steel structure engineering expertise
- trusted brand reputation
- commitment to sustainable growth
These are essential qualities for developing industrial projects that meet European standards.
Alignment with Green Development Trends
The European Union continues to tighten standards on:
- environmental protection
- carbon emissions
- energy efficiency
- sustainable development
Dai Dung is viewed as being aligned with these priorities by integrating green principles into its business strategy.
Development Vision for the Green Industrial Park in Slovakia
No Polluting Heavy Industries
Because the proposed project is located near the High Tatras National Park, environmental protection requirements are extremely strict.
The project will not accommodate:
- heavy industry
- chemical manufacturing
- high-emission sectors
Focus on High-Tech and Sustainable Industries
Target industries include:
- research and development (R&D)
- technology
- logistics
- light manufacturing
- net-zero or carbon-neutral industries
This reflects a next-generation green industrial park model aligned with the global green transition.
A New Gateway for Vietnamese Businesses into the EU
More Than Just an Industrial Real Estate Project
This project is more than simply an industrial park.
It could serve as a launch platform for Vietnamese businesses to:
- expand operations in Europe
- establish a stronger EU presence
- introduce products into premium markets
- scale international services
- accelerate technology transfer
EVFTA as a Strategic Advantage
The EU–Vietnam Free Trade Agreement (EVFTA) remains a powerful growth driver.
Through EVFTA, Vietnamese businesses can:
- benefit from tariff advantages
- reduce trade barriers
- access EU markets more easily
- strengthen competitiveness
Combined with a physical operating base in Europe, these advantages become even more significant.
What Should Vietnam Do to Attract More Slovak Businesses?
1. Strengthen Business Connectivity
Given the geographical distance, Vietnam should:
- organize more business forums
- expand B2B networking programs
- increase trade promotion activities
- strengthen bilateral business engagement
2. Simplify Investment Procedures
Foreign investors prioritize:
- faster administrative processing
- transparent legal frameworks
- stable investment policies
- efficient project support
3. Accelerate Green Industrial Park Development
Global trends show that green industrial parks are no longer optional—they are becoming mandatory.
Vietnam should:
- standardize ESG criteria
- develop green infrastructure
- support renewable energy integration
- accelerate carbon reduction strategies
Vietnam–Slovakia Cooperation Outlook
Bilateral economic cooperation is entering a promising new phase.
Vietnam’s strengths include:
- a market of over 100 million people
- fast-growing industrial capabilities
- experience in large-scale project execution
- competitive labor resources
Slovakia offers:
- advanced European technology
- strong sustainability standards
- strategic geographic positioning
- a gateway to the EU market
This combination creates significant opportunities for cross-border industrial collaboration.
Conclusion
The partnership between Belevis Construction S.R.O. and Dai Dung Group is a positive signal for the international expansion of Vietnamese businesses.
More than a green industrial park project, this initiative could become a strategic stepping stone for Vietnamese enterprises to expand into Europe, move up the global value chain, and enhance international competitiveness.
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