On August 14, Phu Tho Provincial Party Committee Secretary Dang Xuan Phong received a courtesy call from Ms. Somhatai Panichewa, CEO of Amata Vietnam, to discuss the group’s investment plans for the province in the near future.
The meeting followed the recent merger of Phu Tho, Hoa Binh, and Vinh Phuc provinces, resulting in a larger administrative unit with expanded territory, population, economy, and natural resources. This merger has created new development opportunities, especially for urban, industrial, and service sectors.
In the first six months of this year, including July, Phu Tho’s socio-economic development surged, with an average economic growth rate of 10.09%, placing it among the top 10 fastest-growing localities in the country. The province also attracted over USD 469 million in foreign direct investment (FDI).
Ms. Somhatai Panichewa congratulated the newly merged Phu Tho province and expressed her gratitude for the province’s support, especially in materializing the Memorandum of Understanding (MoU) between the Phu Tho People’s Committee and Amata Group on May 16, 2025, in Hanoi.
She provided an overview of Amata Group, highlighting its establishment in 1989 as Thailand’s leading industrial city developer. With 40 subsidiaries and branches, the group currently boasts nine integrated industrial city projects spanning over 10,000 hectares and a network of more than 1,400 multinational partners. Annually, these projects generate 300,000 jobs and contribute USD 56 billion to the GDP of their host countries.
Amata Group has nearly three decades of experience in Vietnam, specializing in industrial real estate investment. They are currently developing over 2,500 hectares of land across various projects, including Amata Bien Hoa (700 hectares), Long Thanh (1,265 hectares), and Ha Long 4 (over 700 hectares).
During the meeting, Secretary Dang Xuan Phong and Ms. Somhatai Panichewa discussed potential investment cooperation in Phu Tho province. The proposed investments focus on high-tech, environmentally friendly sectors with significant socio-economic impact. These include electronics, telecommunications, semiconductor manufacturing, AI, mechanical engineering for automobile and motorcycle assembly, and infrastructure development for industrial parks.
Amata Group intends to invest in the proposed Doan Hung Industrial Park, envisioning its development into a smart city model during the 2025-2030 period. The first phase of this project will utilize 300-500 hectares of land in Tay Coc and Doan Hung communes, targeting industries such as automotive, high-tech, and clean energy utilizing renewable resources.
The Phu Tho province pledges to create a conducive investment environment, offering swift approval processes and maximum support to Amata Group. This includes facilitating investment policies, providing investment registration certificates, and proactively addressing any challenges that may arise during project implementation and operation. The province is committed to accompanying the group in promoting and attracting secondary investment projects.
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