Thailand’s WHA to build industrial park in central Vietnam from Q1/2025
Thailand’s top industrial park (IP) developer WHA is set to build its WHA Industrial Zone 2 project in Vietnam’s central province of Nghe An later this quarter.
According to a recent project report, the project is scheduled to complete construction and then enter operation in Q2/2027.
The entrance of WHA Industrial Zone 1 in Nghe An province, central Vietnam. Photo by The Investor/Tuan Anh.
The project has an investment of VND1.2 trillion ($50 million), including $18.3 million for site clearance and job development for citizens, $25.9 million for ground leveling, $1.2 million for equipment, $3.7 million for consultation and other costs.
The 183.4 hectare project features 150 hectares of land for growing paddy rice and needs to conduct land conversion for the section.
WHA boasts over 30 years of experience in developing industrial parks. The company’s industrial estate business in Vietnam currently spans 3,650 hectares of operational and under-construction industrial zones, including the operational WHA Industrial Zone 1 also in Nghe An province which covers 500 hectares.
Earlier in January, WHA chairperson Jareeporn Jarukornsakul said WHA had invested $310 million in Vietnam since 2017 and aims to raise the figure to $1 billion.
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