Amata-invested industrial park in southern Vietnam attracts $12 mln project
Long Thanh high-tech industrial park, invested by Thailand’s leading industrial real estate developer Amata, has attracted a $12 million investment from ZQ Vietnam Technology Company Limited.
China-invested ZQ Vietnam Technology and Amata City Long Thanh JSC, the operator of the industrial park based in the southern province of Dong Nai, signed a land use right sublease agreement for the move on Thursday.
Executives of Amata City Long Thanh and ZQ Vietnam Technology sign an agreement in Dong Nai province on May 23, 2024. Photo courtesy of Amata.
ZQ Vietnam Technology, a professional manufacturer of vacuum cleaner accessories, will build a 1.3-hectare factory with production capacity of about 5,000 tons of products per year. The factory is set to enter operation in January 2025.
The 410-hectare industrial park, with an investment of $282 million, is connected to the Ho Chi Minh City-Long Thanh-Dau Giay Expressway, about 10 kilometers away from the under-construction Long Thanh International Airport.
It aims to attract high-tech investments towards promoting green industries and sustainable development.
Amata’s portfolio in Vietnam includes industrial-urban area projects, namely the operational Amata City Ha Long in the northern province of Quang Ninh, the under-development Amata Quang Tri project in the central province of Quang Tri, and four in Dong Nai province.
In terms of its industrial estate development business, Amata transferred 59.7 hectares in Vietnam in 2023, up eight-fold year-on-year, the Thai firm said it its 2023 performance review.
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