Illustrative image: An industrial zone in Thanh Hoa
The People’s Committee of Thanh Hoa Province, in collaboration with WHA Corporation, recently held the groundbreaking ceremony for the WHA Smart Technology 1 Industrial Zone project. The project boasts a total investment capital of over 1.32 trillion VND.
WHA Smart Technology 1 is located in the communes of Hoang Giang, Hoang Son, and Hoang Phu, spanning over 178 hectares. It is developed by WHA Corporation, Thailand’s leading industrial zone developer with more than 36 years of experience.
The industrial zone is designed as a smart eco-industrial park, integrating innovation, digitalization, and sustainable development. It aims to meet international standards in management, operation, and environmental protection.
The project targets high-tech industries such as electronics, electrical equipment, automotive components, logistics, and supporting industries—sectors known for their high value-added potential and strong economic ripple effects.
According to Mr. Pajongwit Pongsivapai, CEO of WHA Industrial Development PLC, the first phase of the project covers 178 hectares and will commence construction this year. It is expected to be handed over to secondary investors as soon as possible. This marks WHA’s next step in Vietnam following successful investments in Hanoi, Hung Yen, and Nghe An, with a total committed investment of approximately 360 million USD.
The entire infrastructure of the industrial zone is scheduled for completion within 36 months, with secondary investment projects expected to begin by late 2026.
Thanh Hoa Province’s leadership emphasized that the project’s groundbreaking is a testament to the province’s successful FDI attraction strategy and its focus on modern, sustainable industrial development. It is expected to drive industrialization, urbanization, economic restructuring, job creation, and increased revenue for the local budget.
An industrial zone in Thanh Hoa
Strategically located near the Northern Key Economic Region, Thanh Hoa serves as a vital transportation hub connecting the northern and southern provinces. It boasts all five modes of transportation: railways, roads, inland waterways, sea routes, and air transport. With its prime location and numerous economic zones, Thanh Hoa is an attractive destination for foreign investors.
In the first nine months of 2025, Thanh Hoa attracted 103 direct investment projects, including 10 FDI projects, with a total registered capital of 16.505 trillion VND and 428.5 million USD—a 25.4% increase compared to the same period last year.
Additionally, the province approved five land-use rights auction projects with a total investment of 1.41 trillion VND and received nine non-refundable aid packages totaling 1.81 million USD. Cumulatively, Thanh Hoa ranks ninth nationwide in foreign direct investment.
For 2025, Thanh Hoa aims to mobilize over 140 trillion VND in development investment. To achieve this, the province has implemented measures to attract investment and enhance administrative reforms, targeting a 98% on-time resolution rate for administrative procedures.
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