Thailand’s WHA seeks special mechanisms for two industrial zone projects in central Vietnam

By Van Dung, Chau Anh
Sun, November 30, 2025 | 10:07 am GMT+7

WHA Industrial Zone Nghe An, a unit of WHA Group - Thailand's leader in fully-integrated logistics and industrial facilities solution - has submitted a proposal to Nghe An province authorities seeking to have its projects included in the list of those eligible for special mechanisms.

The government issued a resolution on September 21, 2025 on special policies and mechanisms aimed at easing obstacles in the implementation of the 2024 Law on Geology and Minerals, the company said.

WHA Industrial Zone 1 - Nghe An in central Vietnam. Photo by The Investor/Van Dung.

WHA Industrial Zone 1 - Nghe An in central Vietnam. Photo by The Investor/Van Dung.

To implement the resolution, Nghe An province later issued a directive, asking relevant departments to review projects eligible for the special mechanisms.

WHA is currently developing two projects: WHA Industrial Zone 1 – Nghe An (WHA Zone 1) and WHA Industrial Zone 2 – Nghe An (WHA Zone 2).

WHA Zone 1 received the Prime Minister’s in-principle approval in 2017. Located within the Dong Nam Economic Zone, it is a well-developed industrial zone with a total area of 2,100 hectares.

Its first phase offers 498 hectares of international-standard infrastructure for industrial investors and also accommodates residential and commercial projects, WHA Vietnam said on its website.

Meanwhile, WHA Zone 2 project got the Prime Minister’s in-principle approval in 2024. Spanning 183 hectares, this milestone development meets the increasing demand for international standard industrial land in Vietnam’s thriving manufacturing hub, firmly establishing Nghe An province as a key destination for global investment.

Strategically located near Vinh town and adjacent to the North-South Expressway, WHA Zone 2 offers unparalleled connectivity to key transportation networks, including National Route 7C, Cua Lo Port, and Vinh International Airport.

This accessibility, combined with a large and educated workforce, positions the zone as an ideal site for high-value industries, including electronics, electrical appliances, telecommunications, automotive, packaging, construction materials, and consumer goods, according to WHA Vietnam.

WHA Industrial Zone Nghe An is currently fast-tracking procedures related to environmental impact assessment, feasibility study, fire‑safety design, and site clearance for the WHA Zone 2 project.

WHA Industrial Zone Nghe An said its projects have made significant contributions to local socio-economic development, boosting FDI inflows, promoting industrial growth and trade, and creating employment opportunities for local residents.

For these reasons, it has asked for the inclusion of the WHA Zone 1 and Zone 2 projects in the list of socio-economic development projects eligible for special policies and mechanisms, to facilitate access to land and sand materials needed for these developments.

It is estimated that the combined upcoming demand for land and sand for the projects is around 3 million cubic meters, with WHA Zone 1 requiring 200,000 cubic meters and WHA Zone 2 needing 2.8 million cubic meters.

While WHA Zone 2 is still finalizing investment approvals, WHA Zone 1 had completed technical infrastructure as of November 2025, drawing 35 investors with nearly $1.5 billion in commitments.

The zone reached 60% occupancy, with over 17 factories in operation employing more than 10,000 workers. Full-scale operations across all plants are projected to generate over 100,000 jobs.

For three consecutive years from 2022 to 2024, Nghe An ranked among the top 10 localities in Vietnam for FDI attraction.

Comments ( 0)
  • Read More
VinEnergo ramps up renewable energy push with 4 new subsidiaries

VinEnergo ramps up renewable energy push with 4 new subsidiaries

VinEnergo, the energy arm of Vietnamese conglomerate Vingroup, has accelerated its expansion into the power sector, establishing four new subsidiaries within a week as it builds a growing portfolio of renewable energy and infrastructure projects across Vietnam.

Companies - Mon, June 15, 2026 | 4:52 pm GMT+7

Thaco deepens ties with Hyundai Rotem to localize railway manufacturing in Vietnam

Thaco deepens ties with Hyundai Rotem to localize railway manufacturing in Vietnam

Vietnamese conglomerate Thaco and South Korea’s Hyundai Rotem have signed a detailed technology transfer and localization agreement for railway rolling stock production.

Industries - Mon, June 15, 2026 | 4:01 pm GMT+7

UOB Vietnam appoints Pham Hong Hai as deputy country CEO

UOB Vietnam appoints Pham Hong Hai as deputy country CEO

Singapore's United Overseas Bank (Vietnam) Limited on Monday appointed Pham Hong Hai, former CEO of HSBC Vietnam and later Vietnamese bank OCB, as deputy country CEO, effective immediately.

Banking - Mon, June 15, 2026 | 2:26 pm GMT+7

Shinhan Bank Vietnam launches AI translation desk, strengthening customer experience, digital innovation 

Shinhan Bank Vietnam launches AI translation desk, strengthening customer experience, digital innovation 

Shinhan Bank Vietnam has officially launched AI Translation Desk, an AI-powered interpretation solution designed to help foreign customers communicate more easily while using banking services in Vietnam.

Banking - Mon, June 15, 2026 | 12:03 pm GMT+7

FDI listings a missing piece in Vietnam's stock market development

FDI listings a missing piece in Vietnam's stock market development

As Vietnam's stock market moves closer to its long-awaited upgrade to secondary emerging market status and seeks to attract higher-quality capital, allowing more foreign-invested companies to list on domestic exchanges could broaden the pool of investable assets and support the next phase of capital market development.

Finance - Mon, June 15, 2026 | 11:14 am GMT+7

Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam

Chinese robot 'eyes' manufacturer builds 10-hectare factory in northern Vietnam

Orbbec Inc., a Chinese company specializing in 3D vision sensors and robotic hardware, is building an over-10-hectare manufacturing center in the northern province of Bac Ninh to serve international markets.

Industries - Mon, June 15, 2026 | 8:00 am GMT+7

Long Thanh airport project faces shortage of 2,000 workers

Long Thanh airport project faces shortage of 2,000 workers

The Long Thanh International Airport project in the southern province of Dong Nai is still short nearly 2,000 workers compared to actual requirements during its final acceleration phase.

Infrastructure - Sun, June 14, 2026 | 6:08 pm GMT+7

Nghi Son Refinery and Petrochemical Complex turns profitable in Q1 on full-capacity operations

Nghi Son Refinery and Petrochemical Complex turns profitable in Q1 on full-capacity operations

Operating at full capacity, the Nghi Son Refinery and Petrochemical Complex in Vietnam's central province of Thanh Hoa reported its first profit in Q1/2026, marking a significant turnaround after years of losses.

Economy - Sun, June 14, 2026 | 2:45 pm GMT+7

50 years of Gamuda Berhad and its urban development journey in Vietnam

50 years of Gamuda Berhad and its urban development journey in Vietnam

Celebrating 50 years of establishment and growth, Gamuda Berhad – one of Malaysia’s leading infrastructure and urban development groups – has evolved from an infrastructure specialist into an integrated urban developer with a growing presence across Asia.

Real Estate - Sun, June 14, 2026 | 11:21 am GMT+7

Industrials, technology top Vietnamese sectors in M&A transaction volume

Industrials, technology top Vietnamese sectors in M&A transaction volume

Vietnam’s M&A market recorded 24 transactions in May, with industrials, technology and healthcare sectors being the most active sectors in terms of transaction volume, writes Grant Thornton analysts.

Consulting - Sun, June 14, 2026 | 9:00 am GMT+7

Top Vietnamese garment maker Vinatex's H1 profit rises 14%, weak order visibility clouds outlook

Top Vietnamese garment maker Vinatex's H1 profit rises 14%, weak order visibility clouds outlook

Vietnam National Textile and Garment Group (UPCoM: VGT) reported consolidated profit growth of 14.4% in the first half of 2026, driven by a strong recovery in its yarn business, even as weakening global demand and uncertainty over U.S. trade policy cast a shadow over the sector’s outlook.

Companies - Sun, June 14, 2026 | 8:00 am GMT+7

Gamuda Land Vietnam recognized among Top 10 Enterprises Pioneering Green Transformation 2025-2026

Gamuda Land Vietnam recognized among Top 10 Enterprises Pioneering Green Transformation 2025-2026

Gamuda Land Vietnam has been recognized as one of the “Top 10 Enterprises Pioneering Green Transformation 2025-2026” at the 25th Golden Dragon Awards.

Companies - Sat, June 13, 2026 | 7:45 pm GMT+7

T&T pushes ahead with $97 mln industrial park project, eyes new urban area projects in northern Vietnam

T&T pushes ahead with $97 mln industrial park project, eyes new urban area projects in northern Vietnam

Vietnamese conglomerate T&T Group is seeking to accelerate five projects in Bac Ninh while proposing two new developments in this northern province.

Infrastructure - Sat, June 13, 2026 | 7:09 pm GMT+7

VinFast guns for 300,000 EV deliveries in 2026, spins off manufacturing operations

VinFast guns for 300,000 EV deliveries in 2026, spins off manufacturing operations

VinFast, the EV arm of Vietnamese conglomerate Vingroup (HoSE: VIC)⁠ targets at least 300,000 electric vehicle deliveries globally this year, up 52% year-on-year, while pursuing a restructuring plan aimed at improving capital efficiency, according to a report by Vietcap Securities⁠.

Companies - Sat, June 13, 2026 | 3:07 pm GMT+7

Vietnam economy resilience amid cost pressures, external strains: UOB

Vietnam economy resilience amid cost pressures, external strains: UOB

The VND has stabilized in recent weeks, trading in a range of VND26,291-26,372 per U.S. dollars in April-May, well within the State Bank of Vietnam’s ±5% band. In a report released on Friday, UOB analysts say on balance, they retain a gradual depreciation bias for the USD/VND, with updated forecasts of 26,500 in Q3/2026, 26,400 in Q4/2026, 26,300 in Q1/2027, and 26,100 in Q2/2027.

Consulting - Sat, June 13, 2026 | 11:49 am GMT+7

Vietnam Politburo issues resolution on FDI sector development

Vietnam Politburo issues resolution on FDI sector development

The Politburo, Vietnam's highest decision-making body, has issued a resolution that establishes a new mindset in developing the FDI sector.

Economy - Sat, June 13, 2026 | 8:17 am GMT+7