Sumitomo Corporation, a leading Japanese conglomerate, has received in-principal approval to develop its fourth industrial park in Vietnam.

Hung Yen Province, located in the Red River Delta region of northern Vietnam, covering an area of approximately 930km2 and is home to over 1.2 million people. This favorable location has made it an important point for both domestic and international investment.

The market for eco-industrial parks (EIPs) in Vietnam is gaining traction as the country seeks to balance rapid industrialization with environmental sustainability. Driven by increasing awareness of environmental issues and government support, several eco-industrial parks have been established, particularly in key regions like the Southeast and the Red River Delta. The Vietnamese government has integrated EIPs into its national strategies, emphasizing green growth and sustainable development