Major corporations demonstrate robust commitment
Coca-Cola's Tay Ninh Plant Achieves LEED Gold Certification, Paving the Way for Sustainable Industrial Development in Vietnam
In a significant stride towards sustainable industrial development, Coca-Cola's manufacturing plant in Tay Ninh, Vietnam, has achieved the LEED BD+C Gold certification, making it the first food and beverage plant in the country to receive this green building standard.
The plant, which has a production capacity of one billion litres of beverages per year, meets the Leadership in Energy and Environmental Design (LEED) Building Design and Construction (BD+C) Gold certification criteria. This includes rigorous standards in energy efficiency, sustainable site development, water savings, use of renewable and environmentally friendly materials, and indoor environmental quality.
The facility incorporates green technology and renewable energy solutions in its design and operation to minimize environmental impact. This includes the use of solar panels, rainwater harvesting systems, and energy-efficient lighting.
The LEED Gold certification reflects Coca-Cola's commitment to reducing its environmental footprint and promoting sustainability within the community. The plant serves as a model where innovation meets sustainability, supporting the broader goals of resource conservation, emission reduction, and responsible manufacturing.
Milly Cheng, general director of Coca-Cola Vietnam, stated that the plant reflects the company's dedication to sustainable development and long-term investment commitment in Vietnam.
Meanwhile, the Vietnamese government is proactively implementing solutions to promote high-potential economic zones such as Van Don and Van Phong, free trade zones, border economic zones, and regions outlined in various resolutions. This is part of Vietnam's recalibration of its core investment prospects in the new context of foreign direct investment.
Registered foreign direct investment (FDI) inflows in Vietnam reached nearly $21.52 billion in the first six months of the year, a 32.6% increase compared to the same period last year. This growth is evidence of Vietnam's success in attracting foreign investment, as stated by Deputy Minister of Finance Nguyen Duc Tam.
Efforts are being made to create a cohesive and robust system of preferential policies to prioritise investments in high-tech fields such as AI, smart supply chains, renewable energy, and green technology. This includes the likely establishment of dedicated task forces by the Foreign Investment Agency (FIA) to directly negotiate and support major corporations such as Nvidia and SK in investing in Vietnam.
Notably, Lego Group from Denmark and Syre Group from Sweden have also shown confidence in Vietnam's market potential by inaugurating factories and investing billions of dollars in the country.
In the face of global supply chain volatility, foreign-led businesses are repositioning their supply chains. The Ministry of Finance is urgently establishing national and provincial investment one-stop portals to streamline processes and attract more foreign investment.
Jeffrey Perlman, CEO of Warburg Pincus, has reaffirmed his firm's long-term investment commitment to Vietnam and advocated for stronger Vietnam-US bilateral economic and trade relations. The National Assembly has also passed a resolution on the establishment of international financial centres in Vietnam, effective from September 1.
In conclusion, Coca-Cola’s Tay Ninh plant effectively contributes to sustainable development by adopting advanced green building standards specified by LEED BD+C Gold certification, integrating energy-efficient and eco-friendly technologies, and fostering a sustainable business and community environment. This achievement sets a high standard for other industries to follow as Vietnam continues to attract foreign investment and promote sustainable industrial development.
[1] Coca-Cola Vietnam inaugurates Tay Ninh plant [2] Coca-Cola Tay Ninh plant achieves LEED Gold certification [4] Coca-Cola's Tay Ninh plant: A model for sustainable industrial development
- Coca-Cola's investment in the LEED Gold certified Tay Ninh plant in Vietnam signifies a significant step in financing projects that prioritize business practices with a focus on sustainability and environmental responsibility.
- As the first food and beverage plant in Vietnam to achieve the LEED BD+C Gold certification, Coca-Cola's Tay Ninh plant exhibits a strong commitment to investing in green technology and renewable energy solutions, creating a business model other industries could emulate in Vietnam's growing industrial sector.
