Central Vietnam province okays Thailand’s WHA to build $55 mln industrial park
WHA Industrial Development, a leading industrial realty developer from Thailand, is set to build the $55-million first phase of its WHA Smart Technology industrial park in Vietnam’s central province of Thanh Hoa.
Thanh Hoa authorities gave their approval for the project in an application sent to the Ministry of Planning and Investment.
Thanh Hoa Vice Chairman Nguyen Van Thi (right, third) and Jareeporn Jarukornsakul (right, second), chairwoman and CEO of WHA Industrial Development, at a meeting in Bangkok on November 1, 2023. Photo courtesy of Thanh Hoa Television.
As part of the to-be-built Phu Quy Industrial Park, the facility will cover 178.51 hectares. The project is set to become operational in 18 months after land is delivered to the investor.
The facility will prioritize foreign investments in sectors including supporting industries and high-tech industry with modern and eco-friendly technologies.
Thanh Hoa province also urged the Ministry of Planning and Investment to aid the investor with administrative procedures, especially those related to solutions for power lines running through the facility, rainwater and wastewater treatment, and financial capacity.
Currently, WHA is the operator of 11 industrial parks in Thailand and one in Vietnam, namely WHA Industrial Zone 1 in the central province of Nghe An, which neighbors Thanh Hoa. The 1,850-hectare facility has an investment of VND22 trillion ($939 million) and has completed the first phase of 498 hectares.
In May, WHA noted its plan to build the 499-hectare Phu Quy Industrial Park in Thanh Hoa province with an investment of $150 million. The facility is expected to expand to 545 hectares by 2030 and 845 hectares after 2030.
- Related News
- Read More
Vietnam factory activity returns to growth on new orders: S&P
The Vietnamese manufacturing sector returned to growth in April as a solid expansion of new orders fed through to a renewed increase in production, according to S&P Global.
Economy - Thu, May 2, 2024 | 9:25 am GMT+7
HCMC well off target of 8 metro lines by 2035
Vietnam’s southern economic hub Ho Chi Minh City seems to be falling well short of its goal of building eight metro lines totaling 200 kilometers by 2035 because none have been put into operation thus far.
Infrastructure - Thu, May 2, 2024 | 9:14 am GMT+7
Vietnam property market past most difficult period: expert
The Vietnamese real estate market has gone through its most difficult period, and businesses or investors that have survived have done so through strong experience and resources, said Nguyen Van Dinh, chairman of the Vietnam Association of Realtors (VARS).
Real Estate - Thu, May 2, 2024 | 8:17 am GMT+7
Seven must-visit places in Dien Bien province
The northwestern mountainous province of Dien Bien has many charming places to visit, in addition to historical relic sites related to the Dien Bien Phu Campaign.
Travel - Wed, May 1, 2024 | 10:42 pm GMT+7
Vietnam's economy: positive changes but concerns persist
Vietnam's economic picture is looking more positive with numerous bright spots, but many difficulties remain, especially market confidence, concerns about private investment, and social consumption, writes Dr. Vo Tri Thanh, director of the Institute for Brand and Competitiveness Strategy.
Opinion - Wed, May 1, 2024 | 6:32 pm GMT+7
Major industrial park developer Kinh Bac suffers setback with $3 mln Q1 loss
Vietnamese industrial park developer Kinh Bac Urban Development Corporation recorded Q1/2024 losses of VND76.7 billion ($3 million), a setback considering its annual profit target of VND4,000 billion ($157.8 million).
Industrial real estate - Wed, May 1, 2024 | 3:51 pm GMT+7
Founder of Vietnam’s ACB bank passes away
Asia Commercial Bank founder Tran Mong Hung, father of the current chairman Tran Hung Huy, passed away Thursday. He was 72.
Banking - Wed, May 1, 2024 | 3:37 pm GMT+7
Singapore Management University opens office in HCMC
Singapore Management University (SMU) has chosen to open a representative office in Vietnam after Indonesia and Thailand as part of its vision to 2025.
Companies - Wed, May 1, 2024 | 3:18 pm GMT+7
Exhibition displays 300 artefacts of Dien Bien Phu Campaign
The thematic exhibition named "Dien Bien Phu Victory - An Eternal Epic" showcases some documentaries and artefacts for the first time to the public about Dien Bien Phu Campaign.
Travel - Wed, May 1, 2024 | 3:02 pm GMT+7
Six dead as boiler explodes at southern Vietnam wood factory
Six persons including a Chinese national died and five others were injured after a boiler exploded Wednesday morning at a wooden products factory in Vinh Cuu district, Dong Nai province.
Society - Wed, May 1, 2024 | 2:55 pm GMT+7
Trungnam Group eyes green energy development in Ninh Thuan province
Private Vietnamese conglomerate Trungnam Group plans to develop a green energy complex with an expected green hydrogen capacity of 824,400 tons per year in the south-central province of Ninh Thuan.
Energy - Wed, May 1, 2024 | 11:37 am GMT+7
S Korea's Jeil E&C to invest $35 mln in southern Vietnam high-tech logistics project
Jeil E&C, a major South Korean construction-real estate business, will invest $35.4 million in a high-tech logistics project in Dong Nai province - an industrial hub in southern Vietnam.
Industries - Wed, May 1, 2024 | 9:34 am GMT+7
Brewer giant Habeco posts biggest quarterly loss in 4 years
Habeco, among the top four brewers in Vietnam by market share, suffered a net loss of VND21 billion ($828,570) in the first quarter of 2024, up nearly sixfold from the same period last year.
Companies - Wed, May 1, 2024 | 7:00 am GMT+7
Retailer Mobile World Q1 profit rises 43 times after reshuffle
Mobile World Investment Corporation (MWG) reported an after-tax profit of nearly VND903 billion ($35.63 million) in the first quarter of 2024, a 43-fold increase year-on-year, according to the company’s financial statements.
Companies - Tue, April 30, 2024 | 9:09 pm GMT+7
Vietnam welcomes 6.2 mln foreign arrivals in Jan-Apr, 3.9% above pre-pandemic level
Vietnam welcomed over 6.2 million foreign tourists in the first four months of this year, up 68.3% year-on-year, the General Statistics Office reported.
Travel - Tue, April 30, 2024 | 3:32 pm GMT+7
April 30 Victory – Glorious milestone in national history
The Liberation of the South Day (April 30) is an occasion of great significance for all Vietnamese people.
Politics - Tue, April 30, 2024 | 3:10 pm GMT+7
