CapitaLand okayed to invest $23.3 mln in northern Vietnam industrial park
The Economic Zone Authority of Quang Ninh province has granted an investment certificate for the $23.3 million Avatar Vietnam industrial park project, invested by Singapore’s CapitaLand Group.
Leaders of the Quang Ninh Economic Zone Authority grant an investment certificate to representatives of CapitaLand for the Singaporean group's Avatar Vietnam project. Photo courtesy of Quang Ninh Media Group.
The Avatar Vietnam will span 6.4 hectares in Quang Yen township-based Song Khoai Industrial Park, invested by Amata City Ha Long JSC, under Thailand’s leading IP developer Amata.
It will feature three main functional areas, eight factories, and supporting infrastructure, designed as a modern manufacturing hub. The project is expected to be completed and operational by January 2027.
Avatar Vietnam is expected to boost local budget revenue, create thousands of jobs in Quang Ninh province, and serve as a major strategic initiative to support the region's development.
To date, Song Khoai Industrial Park has attracted 20 investment projects, including numerous large-scale ventures from international corporations.
With robust investments from major groups like CapitaLand and the ongoing development of industrial parks, Quang Ninh is positioning itself as a dynamic economic hub with a significant role in industrial development and investment attraction in northern Vietnam.
In 2024, the province attracted nearly $2.88 billion in registered FDI, ranking among the top five provinces and cities in Vietnam. This included 43 new projects valued at $2.07 billion and 31 projects with additional capital totaling $804.8 million.
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