“Catching the wave” of digital transformation and green transformation in the industrial park real estate sector
In the field of industrial park (IP) real estate, digital transformation and green transformation will be a measure of future health, helping businesses increase competitiveness and open up new business opportunities.
Opportunity to "catch the wave" to break out
Experts say that the wave of capital flow shifting has not ended and the order and structure of trade and investment are being reshaped. Digital transformation and green transformation will also have a strong impact on this shaping process.
The market has witnessed the “eagles” moving their production chains out of China. Their new destinations are green, smart industrial parks, in line with the new sustainable development strategy. The Lego Group’s investment of 1 billion USD in a factory in Binh Duong is a typical example.
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| Quang Minh Industrial Park - one of the pioneering industrial parks in digital transformation. |
Demand for green, smart industrial parks to reduce the carbon footprint of products is increasing. A World Bank report shows that countries applying high technology to industrial parks can increase foreign investment attraction by 30%.
The ability to access cheap green capital and the commitment of countries to reduce CO2 emissions, moving towards net zero emissions by 2050 will also promote the application of digital transformation and green transformation in the industrial park real estate sector to take place faster and stronger. This is both a challenge and an opportunity for each country and businesses operating in the industrial park real estate sector to make a breakthrough.
Mr. Bui Quoc Khanh, General Director of TNTech Joint Stock Company, shared: “Digital transformation and green industrial park development are concepts that have emerged in recent years and have quickly become inevitable. Developing green industrial parks not only helps attract investors to build and develop high technology to help reduce carbon emissions, but also helps optimize operations with advanced production lines for better efficiency. Digital transformation and green transformation will help the industrial park real estate segment receive long-term benefits, towards sustainable values, creating new values for businesses and reducing emissions to the environment.”
Bridge to transition to green, smart industrial park model
JLL's report at the Vietnam Industrial Real Estate Forum 2024 said that industrial parks in Vietnam have made continuous progress in recent decades. From simple production clusters, gathering manufacturers at one location, they have now developed into modern, new-style industrial parks, increasing utilities for tenants, integrating value-added services, promoting sustainable development... The commitment to greening and sustainable development in industrial production is carried out from the level of manufacturing enterprises to investors developing industrial real estate.
Experts also believe that there are still many barriers to putting the green, smart industrial park model into practice on a large scale. While waiting for the implementation roadmap, legal framework and financial incentives from the Government, developers and investors need to learn and integrate sustainable factors into all projects to be ready for new changes. Because with the explosion of 4.0 technology, in just a short time, digital transformation and green transformation indicators will become a measure of the sustainable health of businesses.
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| With the support of technology, the green transition will have many more advantages. |
At the workshop “Technology Solutions in Management and Operation of Smart Industrial Parks” on August 21 in Hai Phong, Mr. Chu Duc Anh, Deputy Head of the Hai Phong Economic Zone Management Board, shared: “Currently, industrial park management requires solutions that are not only effective but also flexible, suitable for each specific condition of each industrial park. The application of smart technology solutions is indispensable to meet the increasingly high requirements of the market and the environment”.
To support industrial parks in improving operational efficiency and ensuring environmental standards and sustainable development, TNTech has recently introduced the T.SIE Smart Industrial Park solution.
T.SIE solutions are being gradually applied in industrial parks in the ROX Group ecosystem, including features such as automatic monitoring systems, smart energy management and advanced data analytics platforms. These features are designed to meet the specific needs of each industrial park, and have the ability to flexibly integrate with existing systems, helping to minimize costs and optimize the deployment process.
In addition to integrating ESG criteria into operations, TNTech experts also calculate to optimize initial investment costs while ensuring long-term operational efficiency. TNTech is committed to complying with strict international security standards, ensuring the safety of customers' data and systems.
“The T.SIE smart industrial park solution is not only a management tool, but also a bridge for industrial parks to transform to a smart, green and modern model,” affirmed Mr. Bui Quoc Khanh, General Director of TNTech.
Facing the wave of digital transformation and green transformation, industrial parks are at an important turning point in the development process. “Catching the wave” of technology for transformation will bring great competitive advantages and sustainable growth to each enterprise and contribute to Vietnam’s Net Zero goal.
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