Thailand’s Amata records Q1 revenue of $8.3 mln in Vietnam
Thailand’s biggest industrial developer Amata recorded a revenue of THB286 million ($8.3 million) from its activities in Vietnam in the first quarter of this year, according to the firm’s report.
Globally, the company posted a revenue of THB2,180 million ($63.2 million) in the first quarter, up 26% year-on-year, including THB1,185 million from industrial land sales, THB756 million from utilities and services, and THB199 million from rentals.
In Vietnam, the firm did not make any revenue from industrial land sales in the period; gained a revenue of THB278 million ($8.1 million) from utilities and services, tripling year-on-year; and posted a revenue of THB8 million from rentals of ready built factories, about one-seventh of last year.
Amata said revenue from global services increased about 89% year-on-year, mainly driven by consumption in Vietnam. Meanwhile, the underperformance in the rental segment in Vietnam was due to the fact that Amata sold off ready-built factory real estate in Vietnam last year, so there were less available units for rent.

Amata Industrial Park in Dong Nai province, southern Vietnam. Photo courtesy of Dong Nai newspaper.
Besides, Amata noted a loss of THB33 million ($0.96 million) due to the depreciation of the Vietnamese dong and Lao Kip in the period.
Currently, Amata runs five projects in Vietnam. In the north, the 7.14-square-kilometer Amata City Halong in Quang Ninh province has a prime location 30 kilometers from a deep-water seaport, 30 kilometers from an international airport, and 200 kilometers from the Vietnam-China border.
In central Vietnam, Amata’s Quang Tri project is progressing. The one-square-kilometer facility will utilize Quang Tri province’s strategic development of power plants, a deep-water seaport, motorways, and others.
In the south, Amata City Bien Hoa, Amata Township Long Thanh, and Amata City Long Thanh Hi-Tech Industrial Park, all in Dong Nai province, cover 5.13 square kilometers, 7.53 square kilometers, and 4.1 square kilometers, respectively.
The most recent deal signed by Amata in Vietnam was with Anh Duong Irradiation Technology JSC to lease two hectares in Amata City Long Thanh Hi-Tech Industrial Park on July 17. Construction of the Anh Duong Irradiation Technology’s project with an investment of VND650 billion ($27.5 million) is set to commence later this month and the facility is scheduled to begin operations in the third quarter of 2024.
- Read More
Thanh Cong Group inaugurates first automobile manufacturing plant in Vietnam's Quang Ninh province
Vietnamese automaker Thanh Cong Group officially inaugurated its Thanh Cong Viet Hung automobile manufacturing plant on Wednesday at the Viet Hung Industrial Park in the northern province of Quang Ninh.
Southeast Asia - Thu, March 27, 2025 | 3:32 pm GMT+7
Vietnam willing to open doors to US agricultural products: minister
Vietnam is actively preparing to open its market to U.S. agricultural products such as tangerine, plum, and lemon, Vietnamese Minister of Agriculture and Environment Do Duc Duy said on Wednesday.
Economy - Thu, March 27, 2025 | 3:08 pm GMT+7
S Korea chaebol Lotte eyes hypermarket in northern Vietnam
South Korean conglomerate Lotte is eyeing projects in Thai Nguyen province, an industrial hub in northern Vietnam, firstly a hypermarket.
Industries - Thu, March 27, 2025 | 12:15 pm GMT+7
Dubai-based PDSI eyes $2.6 bln investment in tourism-golf course project in central Vietnam
PDSI Group, a Dubai-based real estate and consulting firm, has expressed interest in developing a $2.6 billion commercial, tourism, and golf course complex in Binh Thuan, a south-central coastal province of Vietnam.
Real Estate - Thu, March 27, 2025 | 11:38 am GMT+7
S Korea's SK set to divest from Vietnam's giant Vingroup
South Korean chaebol SK Group is set to divest from Vietnamese conglomerate Vingroup, according to the former’s annual report 2024.
Companies - Thu, March 27, 2025 | 11:30 am GMT+7
StanChart adjusts USD/VND exchange rate forecast amid changing economic trends
Standard Chartered Bank has adjusted its USD/VND exchange rate forecast, reflecting shifts in global and regional economic conditions.
Economy - Thu, March 27, 2025 | 9:29 am GMT+7
Fund inflows help stabilize Vietnam's stock market: analyst
As fund inflows are typically long-term investments, they play a key role in stabilizing Vietnam's stock market and preventing sharp fluctuations, according to Nguyen Duy Anh, Chartered Financial Analyst (CFA) at Vietcombank Fund Management Co., Ltd. (VCBF).
Finance - Thu, March 27, 2025 | 8:30 am GMT+7
VSIP begins work on industrial park project in northern Vietnam province Thai Binh
Construction of the Vietnam-Singapore Industrial Park (VSIP) Thai Binh commenced on Wednesday in northern Vietnam, with the witness of Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lawrence Wong.
Industrial real estate - Wed, March 26, 2025 | 10:41 pm GMT+7
Vingroup starts building mega urban project in Vietnam's Mekong Delta
Vietnam’s leading private conglomerate Vingroup on Wednesday embarked on construction of the VND28 trillion ($1.1 billion) Vinhomes Green City, the first mixed-use urban development in its ecosystem in the Mekong Delta province of Long An.
Real Estate - Wed, March 26, 2025 | 10:11 pm GMT+7
Indonesia, China cooperate in digital technology
Indonesia and China are expanding cooperation in the field of AI to promote digital transformation, especially in the fields of agriculture and smart cities.
Southeast Asia - Wed, March 26, 2025 | 10:01 pm GMT+7
Indonesia decides to join BRICS New Development Bank
Indonesian President Prabowo Subianto has announced the Government's decision to become a member of the New Development Bank (NDB), a multilateral development bank established by the five founding member states of the BRICS group.
Southeast Asia - Wed, March 26, 2025 | 9:57 pm GMT+7
Major Vietnamese broker SHS to double charter capital
Saigon-Hanoi Securities Corporation (SHS) plans to issue 894 million shares to increase its charter capital from VND8.13 trillion to VND17.07 trillion ($667.6 million), making it one of the top three securities firms in term of charter capital.
Companies - Wed, March 26, 2025 | 8:30 pm GMT+7
Elon Musk company okayed to pilot Starlink satellite internet service in Vietnam
Vietnam has allowed the U.S.'s SpaceX to pilot Starlink low-orbit satellite internet service in the country on a pilot basis until January 1, 2031.
Industries - Wed, March 26, 2025 | 5:18 pm GMT+7
Danish toymaker Lego to open $1.3 bln Vietnam plant next month
Denmark's Lego will officially open its factory in VSIP III Industrial Park in Vietnam's southern province of Binh Duong on April 9.
Industries - Wed, March 26, 2025 | 4:18 pm GMT+7
Top Singaporean firms earn high incomes in Vietnam
Singapore is the second-biggest foreign investor in Vietnam, with over $84 billion in registered investment capital as of end-January and many prominent investors raking in high incomes.
Companies - Wed, March 26, 2025 | 3:45 pm GMT+7
Vietnam, Singapore ink significant deals in Hanoi
Vietnamese Prime Minister Pham Minh Chinh and his Singaporean counterpart Lawrence Wong on Wednesday witnessed the signing of many cooperation deals between agencies and enterprises of the two countries.
Economy - Wed, March 26, 2025 | 2:51 pm GMT+7