HANOI: The conversion of existing industrial zones into eco-industrial zones contributed to savings of nearly 70 billion dong (US$2.76mil) annually in Vietnam during 2020-2024, according to the Planning and Investment Ministry and the United Nations Industrial Development Organisation (Unido).

A total of 603 projects have been implemented in industrial zones across the country to convert existing facilities to be greener and more resource-efficient during the period, which has helped reduce carbon dioxide emissions by 8,910 tonnes per year.

Le Thanh Quan, head of the ministry’s economic zone management department, said Vietnam’s 422 industrial zones play a vital role in attracting domestic and foreign investment projects, many by large international companies.

He said sustainable development, green growth, circular economy and digital economy have become dominant trends.

“The initial conversion to the eco-industrial zone model has brought economic, social and environmental benefits while mobilising large resources from the private sector for green industrial solutions, ensuring energy security, sustainable development and climate change adaptation,” he said.

He said the ministry welcomes the implementation of the eco-industrial zone model as part of the National Strategy for Green Growth for the period 2021-2030.

 - ANN