A model of green industrial zone has been proposed and characterized by 7 specific points. The model mainly focuses on efficient efficient resources utilization (including materials, energy, and water), prevention and minimization of waste generation at sources by technological solutions, enhancing waste reuse and recycling. Besides, the paper also analyzes and proposes a criteria and indicator system to evaluate how far an IZ/EPZ achieve requirements of a green industrial zones. Evaluation is conducted for IZ/EPZ infrastructure's companies and for enterprises operating in the IZ/EPZ. A case study carried out at Tan Thuan EPZ for 113 enterprises operating in the EPZ helps to confirm the possibility to apply the proposed criteria and indicator system in practice.