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.
- Related News
- Read More
Samsung pledges support to help Vietnamese firms join its supply chain
Samsung Electronics Vietnam is willing to support more Vietnamese companies in joining its supply chain, as local businesses and authorities seek to deepen integration with foreign-invested manufacturers.
Companies - Fri, July 10, 2026 | 5:02 pm GMT+7
Vietnam bank deposit rates hit 9%: Is the race to mobilize capital heating up again?
Vietnamese banks have largely kept publicly listed deposit rates unchanged, but many are quietly offering significantly higher returns to priority customers and large depositors as competition for funding intensifies amid robust credit growth.
Banking - Fri, July 10, 2026 | 4:42 pm GMT+7
Becamex sets up subsidiary to advance $176 mln industrial park project in central Vietnam
The VND4.63 trillion ($176.13 million) Ninh Xuan 1 Industrial Park, located in the south-central province of Khanh Hoa, has reached a new milestone as Becamex IDC, one of Vietnam’s largest industrial real estate developers, decided to establish a wholly owned subsidiary to push the project.
Companies - Fri, July 10, 2026 | 2:31 pm GMT+7
Trungnam Group triples investment for urban area project in central Vietnam
The Golden Hills City project, developed by Vietnam’s multi-sector Trungnam Group, has been approved by authorities in the central city of Danang to increase its total investment from VND4.4 trillion to nearly VND15.5 trillion ($589.6 million).
Real Estate - Fri, July 10, 2026 | 11:14 am GMT+7
Vietnam's leading developer Sun Group, Accor elevate strategic partnership
Sun Group and Accor have signed an agreement to elevate their decade-long strategic partnership, adding nearly 6,000 premium hotel rooms and serviced apartments across Phu Quoc island and Danang city to their cooperation portfolio.
Companies - Fri, July 10, 2026 | 10:39 am GMT+7
Samsung Display ultra-thin glass supplier breaks ground on second plant in northern Vietnam
South Korea's Dowooinsys Vina, a subsidiary of NP Group, has begun construction of its second manufacturing plant in Thai Nguyen province, expanding production capacity for ultra-thin glass (UTG) used in Samsung Display's foldable smartphone panels.
Investing - Fri, July 10, 2026 | 8:17 am GMT+7
From Phu Quoc to Sa Pa: Why Vietnam’s tourism accelerating in Southeast Asia
Leading U.S. business magazine Fortune has described Vietnam as an emerging tourism “hot spot” in Southeast Asia, driven by the strong rise of destinations such as Phu Quoc and Sa Pa.
Travel - Thu, July 9, 2026 | 11:09 pm GMT+7
VietinBank seeks to divest entire stake in Hai Phong Port via public auction
VietinBank (HoSE: CTG) plans to divest its entire stake in state-controlled Hai Phong Port (UPCoM: PHP) through a public auction on the Hanoi Stock Exchange (HNX), potentially raising nearly VND278 billion ($10.57 million).
Companies - Thu, July 9, 2026 | 5:10 pm GMT+7
Starlink begins taking orders in Vietnam, first-year service costs $1,190
Starlink, the satellite internet service operated by Elon Musk’s SpaceX, has released pricing and started accepting orders in Vietnam, with first-year costs estimated at about VND31.4 million ($1,190).
Companies - Thu, July 9, 2026 | 4:09 pm GMT+7
Masan High-Tech Materials partners with S Korea’s GBI on tungsten processing
Masan High-Tech Materials (UPCoM: MSR), the mining unit of Vietnamese conglomerate Masan Group (HoSE: MSN), has entered into a strategic partnership with South Korea’s GB Innovation (GBI) to process Korean tungsten concentrate into higher-value products in Vietnam, strengthening a non-Chinese tungsten supply chain.
Companies - Thu, July 9, 2026 | 3:51 pm GMT+7
Idemitsu Kosan expands energy ecosystem in Vietnam
After more than three decades of operations in Vietnam, Japan’s Idemitsu Kosan is further expanding its energy ecosystem with a biomass pellet plant project in the central province of Gia Lai.
Industries - Thu, July 9, 2026 | 1:43 pm GMT+7
Two banks to list on Ho Chi Minh City bourse, expand charter capital
Vietnam's private banks Vietbank and BVBank are finalizing the last steps to transfer their trading from the unlisted public company market UPCoM to the Ho Chi Minh Stock Exchange (HoSE), while simultaneously implementing plans to increase their charter capital.
Banking - Thu, July 9, 2026 | 11:51 am GMT+7
Strong Q2 earnings, lower interest rates to bolster Vietnam stocks
Strong second-quarter corporate earnings and declining interest rates are expected to support Vietnam's stock market in the coming months, brokerage firms said, as the market moves beyond a period of limited news flow and enters a more favorable phase driven by improving fundamentals.
Finance - Thu, July 9, 2026 | 8:00 am GMT+7
Wistron raises construction, equipment investment in northern Vietnam province to $178 mln
Taiwanese technology firm Wistron has increased its investment in factory construction and equipment in Ninh Binh province to $178.27 million, adding $24.5 million to expand its facilities at Kim Bang Industrial Park.
Industries - Wed, July 8, 2026 | 7:56 pm GMT+7
Sun Group targets groundbreaking for $624 mln urban projects in central Vietnam this year
Vietnam's leading developer Sun Group aims to begin construction of two urban projects worth a combined VND16.4 trillion ($623.78 million) in the central province of Quang Ngai by the end of 2026, while also advancing plans for a new expressway linking the province with the Central Highlands.
Real Estate - Wed, July 8, 2026 | 4:54 pm GMT+7
Vietnam raises airport number target to 36 by 2030 as aviation demand surges
Vietnam plans to expand its airport network to 36 airports by 2030, up from the previous target of 30, under a revised national aviation infrastructure plan aimed at catering for rising passenger demand and boosting regional connectivity.
Infrastructure - Wed, July 8, 2026 | 4:45 pm GMT+7
