A model of the LEGO factory in Bình Dương Province. The factory would have solar panels on its roof and a nearby solar farm (Photo:VNA) Hanoi (VNS/VNA) - As Vietnam has made a strongcommitment to carbon emission neutrality by mid-century, foreign directinvestments in the country have begun to go green to join the efforts.
One such investment was the new LEGO factory in southern Binh Duongprovince, which is currently under construction.
LEGO Group said it aims to bring the factory up to the LEED Goldstandard, which covers all areas of sustainability including energy, water, andwaste. The factory will be designed to accommodate electric vehicles and begeared toward energy-efficient equipment.
The factory will also feature solar panels on its roof and a solarfarm in close proximity. Combined, these solar facilities will generate enoughenergy to meet the factory's full power needs.
LEGO Group also said it had been planting 50,000 trees in threeyears to compensate for the vegetation that would be removed duringconstruction. The move was part of its effort to ensure the factory has aminimal impact on the environment.
"We are exploring many other initiatives that will make ournew site a global lighthouse for sustainable operations," said PrebenElnef, Vice President and Programme Lead for LEGO Group in Vietnam.
DHL Express is another name in the vanguard of green transition inthe country.
The world's leading express service provider has inaugurated itslatest service centre in Hanoi, which is equipped with a wide range oftechnologies to minimise carbon footprint and maximise operationalefficiencies.
These include green air-conditioning systems utilising variablerefrigerant volume technology, helicopter fans, and electric vehicles.
The express service heavyweight said it had repeatedly redefinedlogistics, from pioneering the first green logistics product to becoming thefirst logistics company to commit to a zero-emissions target.
Pandora, the world's largest jewellery brand, followed suit with amemorandum of understanding to build a new crafting facility in Binh Duong province.The facility will be constructed in line with the LEED Gold standard and bepowered fully by green energy.
EuroCham Chairman Alain Cany said the growing interest insustainable development among European investors would open up more investmentsto Vietnam in the short term, given its commitment to net-zero targets by 2050.
He revealed that EuroCham was implementing an investment promotionprogramme to bring 300 European green-growth-centered firms to Vietnam to seekbusiness opportunities. Their feedback is positive so far.
The chairman also said regarding green transition, Vietnam couldget ahead of other regional countries with its policies highly in favour ofsustainable development.
The recent report prepared by Vietnam's Association of ForeignInvested Enterprises shows that 53.5% of foreign-invested enterprises in Vietnamhave embraced green growth.
However, their green transition is not broad-based but limited todiscrete activities such as building a standalone waste treatment plant or anincinerator furnace for waste disposal.
The report calls for more favourable policies to attract FDI flowsinto green growth, digital transition, and supply chain integration.
It also urges Vietnam to legislate the Global Minimum CorporateTax, step up administrative reform, and improve infrastructure facilities toredouble the effort./.
One such investment was the new LEGO factory in southern Binh Duongprovince, which is currently under construction.
LEGO Group said it aims to bring the factory up to the LEED Goldstandard, which covers all areas of sustainability including energy, water, andwaste. The factory will be designed to accommodate electric vehicles and begeared toward energy-efficient equipment.
The factory will also feature solar panels on its roof and a solarfarm in close proximity. Combined, these solar facilities will generate enoughenergy to meet the factory's full power needs.
LEGO Group also said it had been planting 50,000 trees in threeyears to compensate for the vegetation that would be removed duringconstruction. The move was part of its effort to ensure the factory has aminimal impact on the environment.
"We are exploring many other initiatives that will make ournew site a global lighthouse for sustainable operations," said PrebenElnef, Vice President and Programme Lead for LEGO Group in Vietnam.
DHL Express is another name in the vanguard of green transition inthe country.
The world's leading express service provider has inaugurated itslatest service centre in Hanoi, which is equipped with a wide range oftechnologies to minimise carbon footprint and maximise operationalefficiencies.
These include green air-conditioning systems utilising variablerefrigerant volume technology, helicopter fans, and electric vehicles.
The express service heavyweight said it had repeatedly redefinedlogistics, from pioneering the first green logistics product to becoming thefirst logistics company to commit to a zero-emissions target.
Pandora, the world's largest jewellery brand, followed suit with amemorandum of understanding to build a new crafting facility in Binh Duong province.The facility will be constructed in line with the LEED Gold standard and bepowered fully by green energy.
EuroCham Chairman Alain Cany said the growing interest insustainable development among European investors would open up more investmentsto Vietnam in the short term, given its commitment to net-zero targets by 2050.
He revealed that EuroCham was implementing an investment promotionprogramme to bring 300 European green-growth-centered firms to Vietnam to seekbusiness opportunities. Their feedback is positive so far.
The chairman also said regarding green transition, Vietnam couldget ahead of other regional countries with its policies highly in favour ofsustainable development.
The recent report prepared by Vietnam's Association of ForeignInvested Enterprises shows that 53.5% of foreign-invested enterprises in Vietnamhave embraced green growth.
However, their green transition is not broad-based but limited todiscrete activities such as building a standalone waste treatment plant or anincinerator furnace for waste disposal.
The report calls for more favourable policies to attract FDI flowsinto green growth, digital transition, and supply chain integration.
It also urges Vietnam to legislate the Global Minimum CorporateTax, step up administrative reform, and improve infrastructure facilities toredouble the effort./.
VNA
