The Vietnamese government has given WHA Group, a well-known Thai supplier of fully integrated logistics and industrial facilities solutions, in-principle approval to invest in an industrial park in central Vietnam.
According to a decision signed by Deputy Prime Minister Bui Thanh Son, three WHA Group subsidiaries—WHA Industrial Development 2 (SG) Pte. Ltd, WHA Industrial Management Services Vietnam Co., and WHAUP Nghe An JSC—will invest in WHA Smart Technology-Thanh Hoa Industrial Park.
The park would span 178.5 hectares across three communes in Thanh Hoa province’s Hoang Hoa district. Nine million of the $55 million investment will come from the equity of the investors.
According to the judgment, the project will last for 50 years, and building must be completed within 36 months of the property plot being turned over.
The WHA Group claims to have six listed businesses and $4.7 billion in total assets. Eleven industrial parks in Thailand and one in the central Vietnamese province of Nghe An are run by its member companies.
The automotive and petrochemical industries are among the main industrial clients of WHA Industrial Development PLC.
According to the Ministry of Planning and Investment, Thai investors pledged to invest $141.42 million in Vietnam during the first 10 months of this year, placing Thailand in 15th place out of 106 nations and territories with foreign direct investment during that time.
Thailand has invested $14.18 billion in 755 projects in Vietnam as of October 31.
