WHA Industrial Zone 1 – Nghệ An
On November 19, 2024, Deputy Prime Minister Bui Thanh Son signed Decision No. 1431/QD-TTg, approving the investment policy for the WHA Smart Technology – Thanh Hoa infrastructure construction and business project.
The decision clearly states approval for the investment project for the construction and business of infrastructure in the WHA Smart Technology – Thanh Hoa Industrial Park. The project investors are WHA Industrial Development 2 (SG) Pte. Ltd., WHA Industrial Management Services Vietnam Co., Ltd., and WHAUP Nghe An Joint Stock Company.
The project aims to invest in the construction and business of industrial infrastructure. According to a report by the Thanh Hoa Provincial Party Committee Office, the first phase of the WHA Smart Technology – Thanh Hoa Industrial Park infrastructure construction and business project aims to capitalize on its advantageous location with important transport hubs and favorable land for construction. It serves as a gateway to the central district of Hoang Hoa, bordering Thanh Hoa City and adjacent districts.
This area is also the intersection of transportation routes for economic regions, seaports, and airports. It is considered a region with great potential for industrial development, especially light industries, with a priority given to high-tech industries. Once completed, the industrial park will prioritize attracting foreign companies, supporting industries, and high-tech industries with advanced management, modern production technology, and environmentally friendly practices. This will contribute to the growth of management capabilities and the skill level of laborers in Thanh Hoa, facilitating access to new science and technology, and promoting economic growth, structural transformation, and urbanization.
Illustration
The project will utilize 178.51 hectares of land in Hoang Quy, Hoang Quy, Hoang Xuan, and Hoang Cat communes, Hoang Hoa district, Thanh Hoa province.
The total investment capital for the project is VND 1,320 billion, equivalent to USD 55 million, of which the investors’ equity is VND 216 billion, equivalent to USD 9 million.
The project has a duration of 50 years, starting from the date of approval of the investment policy and the investors. The implementation progress of the project must not exceed 36 months from the date of land handover to the economic organization established by the investors.
Investor Profile
WHA Industrial Development International (SG) PTE. LTD, formerly known as Hemaraj Land and Development Plc, is one of Thailand’s leading providers of logistics, industrial estate, energy, and technical solutions. WHA is a leading developer of integrated industrial estates, logistics, and utility solutions in Thailand, with assets totaling USD 4.7 billion and comprising six listed companies.
With over 30 years of experience in industrial estate development, WHA Corporation PCL and its subsidiaries currently operate 11 industrial estates in Thailand and one in Vietnam (Nghe An province) with a total area of approximately 8,100 hectares.
WHA Corporation PCL’s industrial estates are home to over 925 corporate clients, including many global giants, and have attracted over USD 35 billion in investment. They are widely recognized by customers, communities, and authorities for their international standard quality in infrastructure, utilities, and environment.
Entering Vietnam in 2017, WHA recognized the country’s potential in infrastructure and logistics development. According to information from the Thanh Hoa Provincial Party Committee Portal, in addition to this project, the corporation is also developing the WHA Industrial Zone 1 – Nghe An in Nghe An province.
WHA Industrial Zone 1 – Nghe An is the corporation’s first industrial park project in Vietnam. It is an eco-smart industrial park equipped with international standard utilities and infrastructure. The first phase, spanning 145 hectares, has completed infrastructure investment and attracted 18 secondary investors with a total registered investment of over USD 500 million, achieving a 74% occupancy rate. The second phase, covering 355 hectares, is currently under construction.
Located in North Central Vietnam, Thanh Hoa covers an area of over 11,000 square kilometers, making it the fifth-largest province in the country. It is also the most populous province, following only the two centrally-governed cities of Hanoi and Ho Chi Minh City. According to the Thanh Hoa Portal, the province’s population is unevenly distributed across administrative units, with higher concentrations in the plains and coastal areas and sparser populations in the mountainous regions.
The Industrial Park, Spanning Nearly 290 Ha in Khanh Hoa Province, is Slated for Construction Commencement Before April 2025.
The People’s Committee of Khanh Hoa Province has urged investors, departments, sectors, and local authorities to expedite the completion of procedures for the Construction of Infrastructure for Doc Da Trang Industrial Park (Doc Da Trang Industrial Park Project) in the northern region of Khanh Hoa Province, aiming to commence construction before April 2025.
The Thriving Vietnam-US Trade: Surpassing $100 Billion Milestone
Vietnam is the 8th largest trading partner of the United States, while the U.S. is Vietnam’s largest export market, with bilateral trade surpassing the $100 billion mark in the first nine months of this year. Vietnamese businesses are increasingly keen on expanding their operations and investments in the U.S.
The Tax Evasion Crackdown: Unraveling the Web of Corporate Deceit
Many businesses have recently disclosed regulatory decisions regarding penalty charges and tax arrears.
Unleashing the Potential: Accelerating Construction Projects to Celebrate the Provincial Party Congress in Quang Ninh
The stunning city of Ha Long in Quang Ninh Province is gearing up for a momentous occasion, expediting construction projects to commemorate the esteemed Party Congresses at all levels.
The Ultimate Interchange: A Mammoth Project in Quang Ninh Province, Five Times the Size of My Dinh Stadium, Set for Completion This Year
The project is nearing completion, with almost 80% of the construction volume achieved to date. The investor and contractors are committed to finalizing the project by the end of 2024.
