Thailand's IP developer WHA eyes smart-eco industrial park project in northern Vietnam

Thailand’s top industrial park (IP) developer WHA plans to build a smart and eco-friendly industrial park in Vietnam's northern province of Hung Yen.

A WHA delegation made the suggestion at a recent meeting with Hung Yen authorities.

WHA noted that it has over 30 years of experiences in building industrial parks. Its 1,000 partners operate in sectors of logistics, automobile, petrochemicals, electronics, consumer goods, healthcare, and apparel-textile, according to the Thai firm.

Backing the investment, Hung Yen Chairman Tran Quoc Van asked relevant agencies to facilitate WHA to study and recommended project locations.

Van also pointed out Hung Yen's advantages, including its developed traffic infrastructure, connections to the capital city of Hanoi and the port city of Hai Phong, proximity to Noi Bai international airport and Lach Huyen deep-water seaport, and the province's prioritized vocational training to help businesses' recruitment.

Hung Yen is expected to attract $1.4 billion in registered foreign direct investment (FDI) in 2024, an all-time high.

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 soon.

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.