Green transition: A road with no turning back for industrial parks
Vietnam’s industrial park market is entering a phase where:
Many projects are accelerating green transformation
❌ Green transformation is no longer an advantage
✅ But has become a mandatory requirement
This pressure comes from:
International investors
Global supply chains
Vietnam’s sustainable development commitments
👉 It can be said this is a “one-way road” – industrial parks cannot return to the old model.
Many industrial parks are accelerating their green transformation.
Vietnam and the Net Zero commitment: Macro-level pressure
Vietnam has set a target:
👉 Achieve Net Zero by 2050
This leads to:
- Energy market reforms
- Renewable energy development
- Stricter environmental standards
The role of EuroCham
According to Chairman Bruno Jaspaert:
European businesses in Vietnam prioritize investment in:
- Clean technology
- Sustainable projects
👉 This creates direct pressure on:
industrial parks to meet international standards
2 main drivers of green transition
1. Pressure from global investors
Export-oriented businesses must:
- Comply with environmental standards
- Reduce emissions
👉 If not:
They may be excluded from supply chains
2. Internal motivation of enterprises
Industrial park developers realize:
👉 To survive long-term, they must:
- Upgrade infrastructure
- Green their operations
- Increase asset value
ESG standards & green buildings become the default standard
According to Cushman & Wakefield:
Many industrial parks in Vietnam have adopted:
- ESG standards (Environmental, Social, Governance)
- Green certifications:
- LEED
- LOTUS
Green technology is being strongly deployed
Modern industrial parks integrate:
- Rooftop solar power
- Low-carbon materials
- Optimized natural lighting (100–750 lux)
- Energy management systems
👉 Benefits:
- Reduced operating costs
- Increased efficiency
- Attraction of high-quality workforce
High-quality FDI is “selecting” the market
According to Troy Griffiths:
FDI into Vietnam is still increasing
But shifting toward:
- High technology
- Higher value-added sectors
👉 This requires:
industrial parks to upgrade standards to retain investors
Case study: Industrial parks near Long Thanh International Airport
Projects near Long Thanh airport are:
- Focusing on high technology
- Developing under green models
Example:
- Nam Long Thanh Industrial Park
- Oriented toward international standards
Green energy: A vital factor
One of the most important factors:
👉 Clean power supply
Businesses are demanding:
- Renewable electricity
- Carbon emission reduction
👉 Some industrial parks are already able to supply:
Hundreds of MW of clean energy
Multi-story factories: A future trend
A notable model:
👉 Multi-story factories
Benefits:
- Optimized land use
- Reduced environmental impact
- Suitable for urbanization
Suitable for industries:
- High-tech
- Medical equipment
- Electronics
- Laboratories
Vietnamese enterprises are proactively playing the “long game”
Industrial park developers are now:
- Proactively investing in green solutions
- Accepting higher costs
- Targeting long-term value
👉 This shows that:
the market is maturing
Impact on industrial real estate
1. Green industrial parks increase significantly in value
- Easier to attract FDI
- Higher rental prices
- Faster occupancy rates
2. Old industrial parks face the risk of obsolescence
- Fail to meet ESG standards
- Hard to compete
- Likely to remain vacant
3. Green factories become the standard
👉 In the near future:
“No green = no tenants”
Conclusion: The only path for Vietnam’s industrial parks
The “one-way road” of Vietnam’s industrial parks is:
👉 Green transformation – sustainability – ESG
There is no longer an option to return to models of:
- Low cost
- Rapid expansion
- Lack of environmental control
References:
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