Thaco keen to develop extra 4 projects in central Vietnam
Multi-industry corporation Thaco plans to invest in four additional projects in Quang Nam, further expanding its industrial ecosystem beyond its current total investment of VND103 trillion ($4.03 billion) in the central Vietnamese province.
Nguyen Hoang Tue, general director of Thaco’s industrial developer unit Thadico, presented investment proposals at a meeting with the Quang Nam government on Friday.
The locations of the four projects proposed by Thaco in Quang Nam province, central Vietnam. Photo courtesy of the firm.
Specifically, Thaco is interested in investing in a project consisting of the Cua Lo channel, a road connecting the Vietnam-Korea Industrial Park to Vo Chi Cong road, the duty-free zone-Tam Hoa port covering 797 hectares, and the Tam Hoa-Tam Tien urban area spanning 1,755 ha.
This integrated logistics project is expected to cost VND7.2 trillion ($281.75 million), Tue said.
The three remaining projects include the phase-two Chu Lai urban area, the VND1.24 trillion ($48.8 million) expanded automobile mechanical industrial park covering 115 ha, and the 32-ha Long Thanh Tay tourism and resort complex.
Last month, Thaco inaugurated a series of major projects in Quang Nam province, such as a new 50,000-DWT berth at Chu Lai International Port, a $40 million research & development center, a $30 million factory for manufacturing auto body components, a $25 million auto glass plant, and a $20 million automotive electrical equipment manufacturing plant.
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