The Ho Chi Minh City Institute for Development Studies has signed a Memorandum of Understanding with Centre Climateworks (Monash University, Australia) at the Ho Chi Minh City Economic Forum, to transform Ho Chi Minh City’s industrial parks into net zero emissions industrial parks. This program aims to help Ho Chi Minh City attract green investment and promote Vietnam’s goal of net zero emissions by 2050.
Centre Climateworks, a partnership between Monash University, the Australian Government and the Myer Foundation, has launched a new programme to transform Ho Chi Minh City’s industrial parks into net zero emissions industrial parks (NZIPs).
As Vietnam’s third-largest industrial hub with 19 industrial zones, Ho Chi Minh City will create a roadmap for NZIPs next year, with five zones adopting greener technologies to enhance sustainability. Many multinational companies in the city are already focused on net-zero emissions targets, raising significant potential for green investment.
Over the next 12 months, Climateworks will work with Ho Chi Minh City to develop a roadmap to transform industrial parks into NZIPs. By leveraging the experience of industrial decarbonisation initiatives in Australia and Indonesia, Centre Climateworks will help Ho Chi Minh City build capacity, develop policies and mobilise investment.
With the aim of demonstrating the benefits of NZIP and replicating the success of these industrial parks across Vietnam, this partnership contributes to our country’s net zero emissions ambition, while driving economic growth through green, sustainable industries.
