Thailand’s WHA plans 300ha industrial park in central Vietnam
WHA Industrial Development, a leading Thai firm, plans to develop a 300-hectare industrial park called Giang Quang Thinh in the central province of Thanh Hoa.
A memorandum of understanding (MoU) for the project was signed Wednesday by the firm’s chairperson and CEO, Jareeporn Jarukornsakul, and Thanh Hoa Vice Chairman Nguyen Van Thi.
Thanh Hoa Vice Chairman Nguyen Van Thi (center, right) and Jareeporn Jarukornsakul (center, left), chairperson and CEO of WHA, with a memorandum of understanding signed in the central province, January 17, 2024. Photo courtesy of Thanh Hoa news portal.
At the meeting, Jarukornsakul highlighted Thanh Hoa authorities’ support for WHA’s projects and said the province’s rapid growth had made it an attractive investment destination for global businesses.
She urged provincial and central authorities to facilitate progress of WHA Smart Technology, also known as Phu Quy Industrial Park.
The 178-hectare facility, with an investment of VND1.29 trillion ($52.5 million), was initiated in December 2020 with WHA and the provincial management board of industrial parks signing an MoU for the project.
In December 2023, the provincial Party Committee approved the project and WHA has since submitted its application for an investment certificate.
Thi pledged the best facilitation for WHA’s projects towards their earliest implementation.
WHA ,which entered Vietnam in 2017, has one operational facility – WHA Industrial Park in Nghe An province, which neighbors Thanh Hoa. The industrial park has attracted two major investments from Foxconn and Sunny Optical, covering 40 hectares and 56 hectares, respectively.
- Related News
- Read More
Vietnam has 2 new Deputy Prime Ministers
The National Assembly- Vietnam's highest legislative body, on Tuesday approved the appointment of Nguyen Chi Dung and Mai Van Chinh as Deputy Prime Ministers for the term 2021-2026.
Politics - Tue, February 18, 2025 | 6:07 pm GMT+7
Foreign investors hold over $12.6 bln worth of Vietnamese securities
Foreign investors held over VND323.53 trillion ($12.65 billion) worth of securities at the end of 2024, accounting for 7.35% of the total registered securities value at the Vietnam Securities Depository and Clearing Corporation (VSDC), according to its general director Ta Thanh Binh.
Finance - Tue, February 18, 2025 | 4:33 pm GMT+7
Vietnam’s southernmost province eyes exporting electricity to Singapore
Vietnam’s southernmost province of Ca Mau aims to build a grid to export electricity to Singapore, provincial authorities suggested at a Monday meeting with Singaporean Ambassador to Vietnam Jaya Ratnam.
Energy - Tue, February 18, 2025 | 3:21 pm GMT+7
Vietnam's leading IP developer KBC eyes 7-fold profit hike in 2025
Kinh Bac City Development Holding Corporation (HoSE: KBC), a leading industrial real estate developer in Vietnam, targets a consolidated net profit of VND3.2 trillion ($125.5 million) this year, a sevenfold increase from 2024.
Companies - Tue, February 18, 2025 | 3:04 pm GMT+7
Chinese semiconductor firm proposes independent power transmission line in northern Vietnam
Micro Commercial Components Vietnam (M.C.C) has proposed the construction of an independent power transmission line in the northern province of Bac Ninh to ensure a stable power supply during a meeting with local leaders on Monday.
Industries - Tue, February 18, 2025 | 1:20 pm GMT+7
81% of American businesses concern about potential US tariffs on Vietnam: survey
As many as 81% of American firms in Vietnam are concerned about potential tariff imposed by the Trump administrative on Vietnamese goods, according to the American Chamber of Commerce in Ho Chi Minh City (AmCham).
Economy - Tue, February 18, 2025 | 12:04 pm GMT+7
Japan's leading transport firm eyes forming driver training center, AI lab in Vietnam
Yamato Holdings, which holds approximately 46% of Japan’s home delivery market, intends to set up a professional driver training center in Vietnam to supply human resources to Japan, said its president Nagao Yutaka.
Industries - Tue, February 18, 2025 | 11:37 am GMT+7
Vietnam plans to stop 2 coal-fired power plants by 2030, all inefficient ones by 2040
Vietnam aims to stop two coal-fired power plants by 2030 and then all inefficient ones that cannot be improved by 2040, according to a decision signed by Prime Minister Pham Minh Chinh on Monday.
Energy - Tue, February 18, 2025 | 11:15 am GMT+7
Vietnam's property market strongly performs in 2024 on solid fundamentals: Knight Frank
Vietnam's real estate market made a strong performance in 2024 across the office, ready-built factories/warehouses, and apartment segments thanks to solid fundamentals, write Knight Frank analysts.
Real Estate - Tue, February 18, 2025 | 8:00 am GMT+7
Thailand, Australia boost ties in transport, logistics
Thailand and Australia are seeking to strengthen cooperation in transport infrastructure and carbon emission reduction in the logistics sector.
Southeast Asia - Mon, February 17, 2025 | 8:20 pm GMT+7
China surpasses US as biggest importer of Vietnamese shrimp
China imported $834 million worth of Vietnamese shrimp last year, surpassing the U.S. to become the largest buyer of this item from Vietnam, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Economy - Mon, February 17, 2025 | 7:51 pm GMT+7
Malaysia, S Korea resume FTA talks
Malaysia and South Korea are set to hold their seventh round of negotiations for a bilateral free trade agreement (FTA) as they look to expand their trade portfolio and strengthen cooperation, according to the latter's Ministry of Trade, Industry and Energy.
Southeast Asia - Mon, February 17, 2025 | 5:23 pm GMT+7
Indonesia to launch new sovereign wealth fund this month
Indonesia will launch a new sovereign wealth fund called Danantara this month, with an initial capital of around $20 billion.
Southeast Asia - Mon, February 17, 2025 | 5:19 pm GMT+7
Singapore's Billion Union builds $70 mln fabric factory in Vietnam
Hong Kong-invested Thanh Hoa Billion Union Textile kicked off the construction of a $70 million factory in Vietnam’s central province of Thanh Hoa on Monday.
Industries - Mon, February 17, 2025 | 5:04 pm GMT+7
Vietnam’s construction ministry plans real estate exchanges for improved transparency
The Vietnamese Ministry of Construction is advancing a plan to establish real estate exchanges, similar to the stock market, in a bid to enhance transparency and efficiency in property transactions.
Real Estate - Mon, February 17, 2025 | 4:57 pm GMT+7
Vietnam plans to increase electricity imports from China, Laos by 2030
The Vietnamese Ministry of Industry and Trade (MoIT) aims to raise electricity imports from China and Laos by 3,000 MW and 2,500 MW by 2030, over 5 times and nearly 1.6 times higher than those stated in the current Power Development Plan VIII (PDP VIII), respectively.
Energy - Mon, February 17, 2025 | 4:14 pm GMT+7
