Thai Conglomerate Invests VND 1,200 Billion in Industrial Park

A subsidiary of WHA Group (Thailand) has been approved to invest in the WHA Industrial Zone 2 – Nghe An, with a total capital of VND 1,200 billion.

The decision to approve the investment policy for the construction and operation of the WHA Industrial Zone 2 – Nghe An project (part of the Nam Cam D Industrial Zone) was signed by Deputy Prime Minister Bui Thanh Son on December 31. The investor for this project is WHA Industrial Zone Nghe An Joint Stock Company, a subsidiary of WHA Group, Thailand.

The project spans an area of over 183 hectares, located in Nghi Hung and Nghi Dong communes, Nghi Loc District, with one side bordering National Highway 7C.

The total investment for the project is approximately VND 1,200 billion, including VND 216 billion contributed by the investor. The industrial park will operate for 50 years, with a maximum implementation timeline of 24 months from the date of land handover.

Master Plan for Nam Cam D Industrial Zone (1/2000 scale). Source: Nghe An Province Information Portal

WHA Group is also the investor for Phase 1 of the WHA Industrial Zone Nghe An project, covering nearly 500 hectares. This is the Thai conglomerate’s first project in Vietnam. Over the past six years, Phase 1 has attracted 32 projects with a total registered investment of approximately USD 1.7 billion.

In recent years, WHA Group has consistently proposed large-scale industrial park projects spanning hundreds of hectares in Thanh Hoa and Quang Nam provinces. In late November 2024, the group was also approved to invest in a USD 55 million industrial park in Hoang Hoa District, Thanh Hoa.

A representative from the group stated that its goal for the next five years is to invest at least USD 1 billion to develop eco-friendly and smart industrial parks in Vietnam. The company aims to attract secondary projects with a total investment of over USD 5 billion.

Located adjacent to Vinh City and Cua Lo Town, Nghi Loc District is strategically positioned as a key satellite area, aiming to develop high-tech agricultural zones and industrial parks within the Dong Nam Economic Zone. According to the 2030 development plan, the district will prioritize three main pillars: industry and urban development, services and tourism, and agriculture and rural development.