Thailand WHA to build $55 mln industrial park in central Vietnam from Q4/2025
Thailand’s top industrial park (IP) developer WHA will commence the construction of its $55 million IP in Vietnam’s central province of Thanh Hoa from the fourth quarter of next year.
According to a recent project report, the IP, called WHA Smart Technology-Thanh Hoa, will cover 178.51 hectares in four communes of Hoang Hoa district, Thanh Hoa province.
It is set to begin building the first phase of 66 hectares from Q4/2025, second phase of 70 hectares from Q1/2026, and third phase of 42.51 hectares from Q2/2026.
WHA must complete the whole project and put it into operation in 36 months from the date of receiving the land from authorities.
The designated location of WHA Thanh Hoa (yellow) within Phu Quy Industrial Park, Thanh Hoa province, central Vietnam. Photo courtesy of WHA.
WHA Group's industrial estate business in Vietnam currently has 3,650 hectares of operational and under-development industrial zones. This includes WHA Industrial Zone 1 in the central province of Nghe An, with two phases and a total area of 500 hectares. The facility is now operational.
WHA Industrial Zone 2, also in Nghe An, covers 189 hectares in phase 1 and is expected to receive project approval this year.
The company is also looking to expand with three new industrial parks in Thanh Hoa and Quang Nam provinces, covering a total area of 1,550 hectares.
The entrance to WHA Nghe An 1 Industrial Park in Nghe An province, central Vietnam. Photo courtesy of WHA.
Earlier this month, WHA Corporation CEO and chairperson Jareeporn Jarukornsakul highlighted that Vietnam is the “best destination” for relocation from China to Southeast Asia amid the “trade war” (between China and the U.S.).
Jarukornsakul highlighted labor as a core strength of Vietnam. Vietnam’s labor cost is “cheaper” than that in Thailand. The Vietnamese people are active and young, in comparison to Thailand, she noted.
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