Thailand strives to meet water demand in Eastern Economic Corridor

By Vietnam News Agency
Tue, November 12, 2024 | 3:52 pm GMT+7

Demand for more raw water to serve business growth in the Eastern Economic Corridor (EEC) of Thailand, particularly data centers and cloud services, has prompted a new study on joint water management from two suppliers in the country.

Thailand strives to meet water demand in Eastern Economic Corridor. Photo courtesy of bangkokpost.com.

Thailand strives to meet water demand in Eastern Economic Corridor. Photo courtesy of bangkokpost.com.

Industrial estate developer Amata Corporation Plc, through its subsidiary Amata U Co, signed a memorandum of understanding with Eastern Water Resources Development and Management Plc on a plan to build pipelines linking water sources operated by the two companies to improve water supply efficiency. The study is expected to be concluded within a year.

The EEC, which covers parts of Chon Buri, Rayong, and Chachoengsao, is being developed into the country's high-tech industrial hub, hosting 12 targeted S-curve industries, including new-generation cars and smart electronics.

Chawalit Tippawanich, chief executive of Amata U said that Amata U operates 17 reservoirs, carrying more than 30 million cubic metres of water. This amount should allow it to supply water to factories for two years if the eastern region suffers a drought.

The company plans to supply water to businesses in the Amata Industrial Estate, with a focus on the increasing number of data centre and cloud service operators

The Thailand Board of Investment said earlier it received applications for investment incentives for 47 projects worth THB173 billion ($5 billion) in data centers and cloud services from Thai companies and firms from the US, mainland China, Australia, Hong Kong, Singapore, Japan, and India.

Petch Chinabutr, chief executive of Eastern Water Resources Development and Management, said that new investment projects in the EEC are expected to increase water demand to 5 million cubic meters a day in the future.

Comments (0)
  • Read More
VinFast best-selling vehicle brand in Vietnam

VinFast best-selling vehicle brand in Vietnam

VinFast, the electric vehicle (EV) arm of Vietnam's private conglomerate Vingroup, delivered over 51,000 units in Vietnam in the first 10 months of this year, making it the best-selling brand in the country.

Companies - Tue, November 12, 2024 | 3:32 pm GMT+7

Gluten-free cassava flour cake project wins startup contest in HCMC

Gluten-free cassava flour cake project wins startup contest in HCMC

Cusami, a project in Ho Chi Minh City’s Cu Chi district that specializes in creating different types of cakes with cassava flour, has won first prize at the 2024 green startup ideas/project competition.

Companies - Tue, November 12, 2024 | 3:10 pm GMT+7

Vietnam dong unlikely to depreciate strongly vs. US dollar in near term: broker

Vietnam dong unlikely to depreciate strongly vs. US dollar in near term: broker

Depreciation pressure on the Vietnamese dong versus the U.S. dollar is likely to wane, and the USD/VND rate may not increase as strongly and fast as before, says Vietcombank Securities (VCBS).

Banking - Tue, November 12, 2024 | 2:31 pm GMT+7

Taiwan electronic firm Lite-On okays $132 mln construction budget for Vietnam plant

Taiwan electronic firm Lite-On okays $132 mln construction budget for Vietnam plant

Taiwan-based Lite-On Technology Corporation, a world-leading provider in optoelectronics and power management, has approved a construction budget of $132 million for its factory in Vietnam.

Companies - Tue, November 12, 2024 | 12:17 pm GMT+7

Thailand cuts palm oil content in biofuel

Thailand cuts palm oil content in biofuel

Thailand's Ministry of Energy announced last Friday that it will reduce the palm oil content in its biofuel from 7% to 5% to deal with rising palm oil prices.

Southeast Asia - Tue, November 12, 2024 | 11:09 am GMT+7

Vietnam urges Toyota, Honda to switch to producing hybrid vehicles

Vietnam urges Toyota, Honda to switch to producing hybrid vehicles

Toyota and Honda should draft detailed plans to switch their production in Vietnam from petroleum vehicles to hybrid ones, said Tran Duy Dong, Chairman of Vinh Phuc province.

Industries - Tue, November 12, 2024 | 10:56 am GMT+7

Vietnam Party leader holds phone talks with US President-elect

Vietnam Party leader holds phone talks with US President-elect

Vietnam's Party chief To Lam talked over the phone with President-elect of the U.S. Donald Trump on the evening of November 11.

Politics - Tue, November 12, 2024 | 9:11 am GMT+7

Donald Trump won. What’s next for Vietnam real estate market?

Donald Trump won. What’s next for Vietnam real estate market?

Under Trump’s administration in the next four years, there might be further supply chain diversification, acceleration of friendshoring and nearshoring strategies, and trade polarization globally. Vietnam may benefit from these trends, write Avison Young Vietnam analysts.

Consulting - Tue, November 12, 2024 | 8:16 am GMT+7

Bright prospects seen for banking, securities, real estate, retail stocks next year: broker

Bright prospects seen for banking, securities, real estate, retail stocks next year: broker

Banking, securities, real estate and retail stocks have the potential to do well in 2025, says Dao Hong Duong, director of sectors and stock analysis with VPBank Securities (VPBankS).

Banking & Finance - Mon, November 11, 2024 | 9:37 pm GMT+7

Taiwan SpaceX supplier Universal Microwave Technology to double Vietnam investment

Taiwan SpaceX supplier Universal Microwave Technology to double Vietnam investment

Taiwan-based Universal Microwave Technology, a supplier for billionaire Elon Musk’s SpaceX, has said that it will increase its investment in Vietnam to a maximum $12 million.

Industries - Mon, November 11, 2024 | 7:51 pm GMT+7

Vietnam central bank sticks to ‘goldization’ fight, will consider open gold exchange

Vietnam central bank sticks to ‘goldization’ fight, will consider open gold exchange

Vietnam’s central bank, the State Bank of Vietnam (SBV), will continue to discourage the use of gold as investment or an asset to speculate on, says Governor Nguyen Thi Hong.

Banking - Mon, November 11, 2024 | 5:48 pm GMT+7

Vietnam records highest rate of online shopping in Asia Pacific: PwC

Vietnam records highest rate of online shopping in Asia Pacific: PwC

Vietnam stands out among the Asia Pacific region with the highest rate of online shopping. Vietnamese consumers are also increasingly prioritizing sustainability in their consumption practices, write PwC Vietnam analysts.

Consulting - Mon, November 11, 2024 | 5:18 pm GMT+7

Malaysia tightens control of social media

Malaysia tightens control of social media

Social media platform providers have been given a one-month deadline to respond to the code of conduct, after which they will be required to register with the Malaysian Communications and Multimedia Commission (MCMC) for licensing purposes, according to Malaysian Communications Minister Fahmi Fadzil.

Southeast Asia - Mon, November 11, 2024 | 4:05 pm GMT+7

Thailand pursues new policies to boost digital economy

Thailand pursues new policies to boost digital economy

The Thai Government is pursuing new digital policies to handle emerging security threats, including the impacts of US-China rivalry on the economy and technology, says Prime Minister Paetongtarn Shinawatra.

Southeast Asia - Mon, November 11, 2024 | 4:02 pm GMT+7

Japan’s Shizuoka Gas to acquire 25% stake in 50MW solar power plant in Vietnam

Japan’s Shizuoka Gas to acquire 25% stake in 50MW solar power plant in Vietnam

Japan’s Shizuoka Gas will acquire a 25% stake of My Son-Hoan Loc Viet Solar Energy JSC, the owner of 50-MW My Son-Hoan Loc Viet solar power plant in Vietnam’s central province of Ninh Thuan.

Energy - Mon, November 11, 2024 | 3:59 pm GMT+7

Vietnam central bank vigilant on inflation, cautious about credit risks

Vietnam central bank vigilant on inflation, cautious about credit risks

Vietnam’s central bank will manage its monetary policy in coordination with its fiscal policy to support economic growth, but it will stay alert about the return of inflation and take prompt action to curb it, says Governor Nguyen Thi Hong.

Banking - Mon, November 11, 2024 | 3:29 pm GMT+7