As stable electricity supply, modern energy infrastructure, and sustainable development become increasingly important factors for global investors, Ho Chi Minh City Power Corporation (EVNHCMC) and Becamex Group have officially signed a cooperation agreement to jointly develop energy infrastructure for next-generation industrial parks. The partnership is expected to strengthen power reliability, accelerate the transition toward green energy, and enhance the investment attractiveness of Southern Vietnam.
EVNHCMC and Becamex Strengthen Cooperation on Power Infrastructure
The signing ceremony marked a new milestone in the long-term partnership between one of Vietnam’s leading electricity providers and one of the country’s largest industrial infrastructure developers.
According to Pham Quoc Bao, Chairman of the Members’ Council of EVNHCMC, the agreement is the result of extensive discussions aimed at establishing an effective and sustainable cooperation mechanism to support industrial development in the coming years.
Becamex Group is recognized as a pioneer in developing industrial parks, urban areas, and integrated service ecosystems, attracting numerous domestic and international manufacturers to Southern Vietnam.
Ensuring Reliable Power Supply for Industrial Parks
According to EVNHCMC, industrial parks developed by Becamex represent one of the corporation’s most important electricity load centers.
Key highlights include:
- The 110kV substations serving Becamex industrial parks account for approximately one-seventh of the total 110kV grid capacity managed by EVNHCMC.
- Ensuring continuous and reliable electricity supply to these industrial parks has become one of EVNHCMC’s strategic priorities.
To meet increasing industrial demand, EVNHCMC has launched a major investment plan to modernize the regional power network.
The roadmap includes:
- 50% automation of all 22kV distribution lines by the end of 2026.
- 100% automation of the 22kV network by 2028.
- Upgrading the entire 110kV transmission network to meet the N-1 reliability standard by 2028, significantly improving power system resilience.
Joint Planning and Investment in Smart Power Grids
Under the newly signed cooperation framework, EVNHCMC and Becamex will collaborate comprehensively in several strategic areas.
Major areas of cooperation include:
- Planning and investing in electricity infrastructure for industrial parks, urban areas, and service zones.
- Sharing operational data through the SCADA/DMS management system.
- Coordinating electricity business operations.
- Implementing Demand Response (DR) programs.
- Synchronizing power infrastructure development with industrial park expansion plans.
The adoption of smart grid technologies is expected to improve operational efficiency, optimize electricity distribution, and reduce operating costs for businesses.
Expanding Green Energy Development
One of the most significant aspects of the agreement is the expansion of cooperation into new energy technologies that support Vietnam’s energy transition.
The two organizations will jointly develop:
- Rooftop solar power systems.
- Battery Energy Storage Systems (BESS).
- LNG combined heat and power (CHP) generation.
- Energy efficiency and conservation solutions.
- Smart energy management systems.
These initiatives will help establish low-carbon industrial parks while reducing dependence on traditional electricity sources.
Meeting the Requirements of High-Tech Investors
According to Nguyen Van Hung, Chairman of Becamex Group, international investors in sectors such as:
- Semiconductors
- Artificial Intelligence (AI)
- Data Centers
- High Technology Manufacturing
are placing increasingly stringent requirements on:
- Stable electricity supply.
- High power reliability.
- Green energy usage.
- Smart infrastructure.
- Carbon emission reduction commitments.
Through its partnership with EVNHCMC, Becamex aims to meet these global standards and attract more high-quality foreign direct investment (FDI) projects.
Toward Next-Generation Industrial Parks
Beyond electricity supply, both organizations share the vision of creating an integrated energy ecosystem for smart and sustainable industrial parks.
The partnership combines:
- EVNHCMC’s expertise in operating and managing advanced power systems.
- Becamex’s extensive experience in industrial infrastructure development.
Together, they aim to establish a modern energy infrastructure platform that enhances the competitiveness of Ho Chi Minh City and Vietnam’s Southern Key Economic Region.
The initiative also supports the development of industrial parks aligned with ESG principles, Net Zero goals, and global sustainable manufacturing trends.
Outlook for Industrial Energy Infrastructure
As Vietnam continues attracting foreign investment in semiconductors, electronics, high-tech manufacturing, and logistics, energy infrastructure is becoming one of the most important competitive advantages for industrial parks.
The collaboration between EVNHCMC and Becamex to modernize power networks, deploy digital technologies, and expand renewable energy solutions is expected to strengthen Vietnam’s energy security while creating an attractive investment environment for international manufacturers.
This partnership could become a benchmark model for the development of green, smart, and sustainable industrial parks across Vietnam.
Conclusion
The cooperation agreement between EVNHCMC and Becamex Group represents a significant step toward building modern energy infrastructure for Vietnam’s next-generation industrial parks. By developing smart power grids, expanding renewable energy, integrating battery energy storage, and accelerating digital transformation, both organizations aim to create a solid foundation for attracting high-quality FDI, promoting green economic growth, and enhancing the competitiveness of Ho Chi Minh City and the Southern Key Economic Region.
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