The decision clearly states the approval of the investment policy for the construction and infrastructure business investment project of the WHA Smart Technology – Thanh Hoa Industrial Park, along with the approval of the investors, which include three entities: WHA Industrial Development 2 (SG) Pte. Ltd., WHA Industrial Management Services Vietnam Co., Ltd., and WHAUP Nghe An JSC.
The project’s objective is to invest in the construction and infrastructure business of the industrial park. The project’s land use scale is over 178.5 hectares, located in the communes of Hoang Quy, Hoang Quy, Hoang Xuan, and Hoang Cat, Hoang Hoa district, Thanh Hoa province.
The total investment capital is VND 1,320 billion, equivalent to 55 million USD, of which the contributed capital of the investors is VND 216 billion, equivalent to 9 million USD. The duration of the project is 50 years from the date of approval of the investment policy and the selection of investors.
The timeline for project implementation is 36 months from the date the economic organization established by the investors receives the land handover from the State. The investors are responsible for the legality, accuracy, and truthfulness of the project dossier and documents submitted to the competent state authorities.
They are also responsible for establishing an economic organization to implement the project, ensuring that capital contributions are made on time and in accordance with the Law on Enterprises and other relevant regulations. The investors must also comply with land laws, real estate business laws, and other related legal provisions in implementing the project as per this decision. Additionally, they are responsible for completing procedures related to environmental protection in accordance with the Law on Environmental Protection and its guiding documents.
But who are these investors? WHA Industrial Development 2 (SG) Pte. Ltd. is a member of the WHA Group, a leading developer of logistics and industrial utility solutions in Thailand. WHA Industrial Development was formerly known as Hemaraj Land And Development Public Company Limited and is now a subsidiary of the WHA Group. They provide infrastructure, auxiliary systems, industrial clusters, and sustainable services. In Vietnam, the WHA Group has its main office in Nghe An and a representative office in Hanoi.
WHA Industrial Management Services Vietnam Co., Ltd., established in 2017 and headquartered in Hanoi, is a foreign-owned enterprise with an initial capital of 250,000 USD. It is owned by H – International (SG) Pte. Ltd., a Singapore-based company, although the capital is authorized to four Thai individuals. The company is currently chaired by Ms. Jareeporn Jarukornsakul (Thai nationality), with Ms. Nguyen Thi Bich Lien serving as General Director.
Leadership of WHA Industrial Zone Nghe An JSC.
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WHAUP Nghe An JSC, established in 2018 and headquartered in Nghe An province, is also a 100% foreign-owned enterprise. Earlier this year, the company increased its charter capital from VND 38.3 billion to VND 60.3 billion. WHAUP (SG) 2 Pte. Ltd. holds 99.99% of the capital, with the remaining held by WHA Industrial Zone Nghe An JSC and Ms. Jareeporn Jarukornsakul (Chairwoman of the Board of Directors and legal representative).
Thu Minh
