In the industrial park real estate industry, digital and green transformations will serve as indicators of future viability, enabling enterprises to enhance competitiveness and explore new prospects.
A chance to seize the moment and make a splash
Experts assert that the ongoing change in capital flow has not concluded, resulting in a reconfiguration of trade and investment order and structure. This shaping process will be significantly influenced by digital transformation and green transformation processes.
The market has observed the eagles relocating their manufacturing chains from China. Their new objective is environmentally friendly, intelligent industrial parks, consistent with the updated sustainable development plan. The Lego Group's investment of 1 billion USD in a Binh Duong facility exemplifies this trend.
The demand for leasing eco-friendly, technologically advanced industrial parks to minimize the carbon impact of products is rising. A World Bank report indicates that nations utilizing advanced technologies in industrial parks may enhance foreign investment appeal by 30%.
Applying high technology to IPs can help increase foreign investment attraction
The ability to access cheap green capital, coupled with countries' commitment to reduce CO2 emissions and move towards zero net emissions by 2050, will accelerate and strengthen the application of digital transformation and green transformation in the industrial park real estate sector. This is both a challenge and an opportunity for every country and business operating in the industrial park real estate sector to make a breakthrough.
The availability of affordable green capital and nations' commitment to decreasing CO2 emissions, aiming for net-zero emissions by 2050, will further accelerate and intensify the implementation of digital and green transformations within the industrial park real estate sector. This presents both a challenge and an opportunity for each nation and enterprise engaged in the industrial park real estate industry to achieve a breakthrough.
Mr. Bui Quoc Khanh, General Director of TNTech Joint Stock Company, stated, “Digital transformation and the development of green industrial parks is a concept that has recently emerged and has rapidly become indispensable. Establishing green industrial parks not only attracts investors to create sophisticated technologies that mitigate carbon emissions, but also enhances operational efficiency through optimized manufacturing lines. Digital and green transformations will provide the industrial park real estate sector with enduring advantages, fostering sustainable values, generating new opportunities for enterprises, and mitigating environmental emissions.
Transition to a green & smart IP model
JLL's report at the Vietnam Industrial Property Forum (VIPF) 2024 indicated that industrial parks in Vietnam have had consistent advancement throughout previous decades. Initially consisting of basic production clusters that centralized manufacturing, they have since evolved into contemporary industrial parks that enhance tenant utilities, include value-added services, and advocate for sustainable growth. Industrial production's dedication to environmental sustainability and sustainable development extends beyond manufacturing firms to investors in industrial real estate development.
Experts stated that several obstacles remain in the broad implementation of the green, smart industrial park model. To prepare for forthcoming changes, developers and investors must assimilate and include sustainable features into all projects in anticipation of the government's implementation plan, regulatory framework, and financial incentives. Because of the rapid advancement of 4.0 technology, digital transformation and green transformation metrics will soon serve as measures of enterprises' sustainable vitality.
Workshop on Technology solutions in management and operation of smart IPs in Hai Phong.
At the workshop “Technology Solutions in Smart IP Management and Operation on August 21 in Hai Phong, Mr. Chu Duc Anh, Deputy Head of the Hai Phong Economic Zone Management Board, said, Presently, the management of industrial parks needs solutions that are both efficient and adaptable, tailored to the unique circumstances of each industrial park. The use of intelligent technological solutions is essential to satisfy the escalating demands of the market and the environment.
To enhance operating efficiency and uphold environmental norms and sustainable development in industrial parks, TNTech has recently launched the T.SIE Smart Industrial Park solution. T.SIE is a solution progressively used in industrial parks within the ROX Group ecosystem, incorporating features such as automated monitoring systems, intelligent energy management, and sophisticated data analysis platforms. These features are tailored to address the distinct requirements of each industrial park, while seamlessly integrating with current systems, hence reducing costs and enhancing the deployment process.
In addition to incorporating ESG standards into operations, TNTech experts also compute to optimize initial investment expenditures while ensuring long-term operational efficacy. TNTech upholds strict international security standards to protect the integrity of client data and systems.
TNTech representative introduced T.SIE
“The T.SIE Smart Industrial Park solution is not only a management tool but also a bridge for industrial parks to transform into a smart, green, and modern model, affirmed Mr. Bui Quoc Khanh, General Director of TNTech.
Industrial parks are at a critical juncture in their growth due to the dual pressures of digital and green transformation. Adapting to technological advancements will provide significant competitive advantages and sustained growth for enterprises while also contributing to Vietnam's Net Zero goal.