HOW DEEP C INDUSTRIAL ZONES BECOME INVESTORS’ CHOICE
June 26, 2019
Founded in 1997 in Dinh Vu peninsula of Hai Phong, DEEP C Industrial Zones has established itself as one of the biggest industrial real estate developers in Vietnam. The group is derived from a successful partnership between Rent-A-Port - A Belgian company specialized in industrial zones, renewable energy and marine infrastructure development, and Hai Phong People’s Committee. For the past 22 years, DEEP C has turned the once deserted area mainly used for fishing into a fully-functioning industrial zone cluster equipped with state-of-the-art utilities system meeting international standards.
DEEP C Industrial Zones consist of five sub projects in Hai Phong and Quang Ninh, with approximately 3,400 ha of industrial land. Driven by the mission to ease the operations of foreign investors, DEEP C has been offering flexibility to choose between different options: including industrial land for lease, Ready-built-factory, Logistics warehouse, Built-To-Suit solutions, and Offices for lease. The diversification in product range allows DEEP C to foster all kinds of industries and match any investors’ manufacturing scale.
To date, DEEP C has attracted 100-plus projects funded by multinational enterprises from USA, Japan, Germany, South Korea, etc. with a total investment of over US$3.5 billion. Prominent investors in DEEP C include Bridgestone, JX Nippon Oil & Energy, Chevron, PV Oil, C. Steinweg and Flat Group.
Logistically, all zones within DEEP C cluster are perfectly located in the heart of northern infrastructure development where an international deep sea port, airports, inland waterway systems and expanded expressway networks converge together at one point. As such, tenants in DEEP C automatically enjoy logistics advantages with prime location and excellent connectivity, not to mention the proximity to China - Vietnam’s largest trade partner and key export market.
Recently, DEEP C started a new venture toward sustainable development, gearing up to become the first truly eco-industrial park in Vietnam with the focus on producing its own electricity from solar, wind, and waste-to-energy. In this era when sustainable development has become the focal global trend, the group has taken on the shared responsibility to reduce the burden on the environment and protect future generations. Notably, energy will be generated from solar panels installed on tenant rooftops, allowing them a financial compensation. Excessive electricity will be stored and used to power hybrid barges sailing on the Hanoi-Hai Phong inland waterway. Currently, DEEP C is running the only ISO certified waste water treatment plant in North Vietnam, ensuring water released from the park to the river is treated and not harmful to the environment.
Further, the group is pursuing a circular economy within the industrial cluster, a relatively new concept in Vietnam which serves the green way by recycling defunct products. To turn ideas into action, DEEP C has teamed up with Dow Chemical to build Vietnam’s first road using recycled plastic in DEEP C industrial zones. The first one kilometer segment, to be completed in September, will divert nearly four metric tons of flexible packaging – the equivalent of roughly one million pieces of flexible wrappers. Upon completion, the new road will be tested by the Vietnam Maritime University prior to expanding the project throughout the complex. The project aimed to advance a circular economy in Vietnam through the development of roads made with recycled plastic and more importantly, divert post-use flexible packaging from becoming litter or entering a landfill, while also creating more durable, longer-lasting roads.
DEEP C expects to give a vivid demonstration that plastic waste can become useful, not only as construction material, but also as an energy source. The group is going through an early preparation stage for its waste-to-energy plant project. The energy released during the incinerating process of waste can be used to produce both steam and electricity which will be consumed by tenants.
The implementation of current projects is only the start as more initiatives and plans are yet to be revealed. The group is convinced that this development pathway will not only provide efficient solutions for environment protection, but also create an environment where tenants can achieve their social responsibility goals and on top of that, flourish without burdening future generations.