WHA Group to invest US$1 billion in Vietnam's industrial real estate
Thailand’s WHA Group has unveiled plans to develop industrial zones and logistics service hubs in Thieu Hoa District, Thanh Hoa Province.
WHA Corporation Group CEO Jareeporn Jarukornsakul said they company aims to explore additional investments in two new industrial parks and one logistics service area.
Specifically, WHA plans to develop the Long Duy Giang Industrial Park, which will span 300-400 hectares across Thieu Long, Thieu Duy and Thieu Giang Communes in Thieu Hoa District.
Meanwhile, Long Cong Thanh Industrial Park will cover 300 hectares in Thieu Long, Thieu Cong and Thieu Thanh Communes.
WHA also intends to establish a logistics service area, occupying 50 hectares in Thieu Giang Commune.
The corporation’s representatives noted that WHA had begun exploring and promoting investment opportunities in Thanh Hoa in 2019.
To date, the WHA Smart Technology - Thanh Hoa Industrial Park Infrastructure Investment and Business Project Phase 1 has secured approval from the Prime Minister for investment policy at the end of 2024
It is located within the Phu Quy Industrial Park (Hoang Hoa District), which will cover about 178 hectares.
The WHA Smart Technology Industrial Park 2 Project in Giang Quang Thinh Industrial Park (Thieu Hoa District) is also undergoing procedures for approval. This project’s first phase is expected to span 174.9 hectares.
WHA Group has set a goal to invest at least US$1 billion over the next five years to establish eco-industrial and smart industrial parks in Vietnam. It aims to attract secondary projects with a total investment exceeding US$5 billion.
Jareeporn Jarukornsakul emphasised that WHA Group has already invested US$310 million in Vietnam. With the ongoing shift of FDI inflows from China to Vietnam, Thanh Hoa Province is well-positioned to seize new investment opportunities.
She added that WHA currently serves over 1,000 global customers across various industries, including logistics, automotive, petrochemicals, electronics, consumer goods, healthcare and textiles.
These connections will provide Thanh Hoa with significant opportunities to attract multinational projects when the industrial parks invested by WHA are deployed.
