A strategic project expanding Binh Thuan Plastic Group’s manufacturing capacity, advancing a green and circular industrial model, and developed through funding from internationally certified Green Bonds.
Participants
The groundbreaking ceremony was honored to welcome the presence of:
- The Board of Directors of Binh Thuan Plastic Group
- Representatives of the local government of Hung Yen Province
- Representatives of the Industrial Park Management Board
- Strategic partners and invited corporate guests.
Project Overview
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- Location: Lot A6, Industrial Park No. 03, Xuan Truc – Viet Tien, Yen My, Hung Yen
- Total area: 17,128 m²
- Designed capacity: 19,800,000 products/year (equivalent to 25,000 tons/year)
The project aims to expand production capacity, enhance the Binh Thuan Plastic Group’s sustainable product ecosystem, and meet the rising demand of both domestic and international markets.
Key Features of the Project
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- Designed according to EDGE Advanced green standards, ensuring energy efficiency and reduced emissions.
- Implementation of a circular production model and green logistics solutions.
- Integrated with the recycled plastic pallet program operated by BPG Retail.
The Project is Supported by International-Standard Green Bonds
The investment capital is sourced from BPG’s Green Bond package, marking several significant milestones:
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- The first plastics enterprise in Vietnam to issue Green Bonds compliant with ICMA standards.
- Credit enhancement provided by GuarantCo Ltd, an institution backed by the governments of the UK, Switzerland, Australia, Sweden, and the Netherlands.
- The Green Bond Framework was independently reviewed by FiinRatings, achieving an AAA rating, ensuring transparency and international credibility.
Project Significance
The Hung Yen Manufacturing Complex marks a major milestone in Binh Thuan Plastic Group journey toward “Green Industry – Transparency – Sustainability.”
The project contributes to:
- Strengthening the Group’s production capacity
- Enhancing the high-value sustainable supply chain
- Reinforcing the position of Vietnamese enterprises in the global market.
More information on the Green Bond package: