Thailand's WHA Group invests in industrial park in Thanh Hoa

Key industrial park project

Recently, the People's Committee of Thanh Hoa province has issued a decision approving the 1/2000 scale construction zoning plan of Phu Quy Industrial Park (WHA Smart Technology Industrial Park), located in 7 communes of Hoang Hoa district, with a total area of ​​540 hectares and a total investment of 55 million USD.

Accordingly, the project planning area covers communes in Hoang Hoa district including: Hoang Kim commune (27.2ha), Hoang Trinh (16.40ha), Hoang Son (13.80ha), Hoang Quy (219.2ha), Hoang Xuyen (128.7ha), Hoang Cat (48.5ha) and Hoang Quy (86.2ha).

The project is divided into 3 phases, of which phase 1 will invest nearly 200 hectares in the communes of Hoang Quy, Hoang Cat, Hoang Xuyen and Hoang Quy. The estimated labor force is about 36,000 - 58,500 people.

The total investment capital of the project is about 1,292.5 billion VND (equivalent to 55 million USD), in which the proposed capital structure includes: Investor's contributed capital is 211.5 billion VND (16.4% of total investment capital); mobilized capital is 611 billion VND (47.3%); other capital from operations including land lease in the industrial park is 470 billion VND (36.3%). The project investor is WHA Industrial Zone Thanh Hoa Joint Stock Company (with WHA Industrial Development International (SG) PTE. LTD accounting for 99.92% of capital contribution).

Phu Quy Industrial Park planning map.

Phu Quy Industrial Park project will focus on attracting foreign enterprises in supporting industries, high-tech industries,... with advanced management level, modern production technology, high technology, environmentally friendly, thereby contributing to increasing the capacity and qualifications of managers and workers, accessing new science and technology, contributing to the economic growth of Thanh Hoa province, shifting economic structure, promoting the urbanization process.

With a total area of ​​up to 540 hectares, Phu Quy Industrial Park will be one of the three largest industrial parks in Thanh Hoa according to the provincial planning for the period 2021-2030, including Bim Son Industrial Park of 566 hectares and Sao Vang Industrial Park of 550 hectares, which have been planned and put into operation.

In Thanh Hoa, in addition to Phu Quy Industrial Park, WHA and the Management Board of Nghi Son Economic Zone and Industrial Parks of Thanh Hoa province have also just signed a memorandum of understanding on investment research for the Giang Quang Thinh Industrial Park project (Thieu Hoa district).

"Eagle" industrial infrastructure

According to Nguoi Dua Tin's research, WHA Group is introduced as a leading developer in the field of logistics and industrial utility solutions in Thailand. In which, industrial real estate infrastructure is a link in the chain of 4 main products of the group including: Logistics, industrial real estate development, exclusive supply of clean water and utility infrastructure, providing digital platforms.

Regarding the capacity and experience of the Investor, according to the proposal, WHA Corporation PCL is a leading developer of industrial real estate, integrated logistics and utility solutions in Thailand, with assets of 4.7 billion USD including 6 listed member companies. With more than 30 years of experience in developing industrial parks, currently, member companies of WHA Corporation PCL are operating 11 industrial parks in Thailand and 1 industrial park in Vietnam (Nghe An province) with a total area of ​​​​industrial parks in operation and development of about 11,380 hectares and 765,000 m2 of ready-built factories and logistics areas.

WHA Industrial Park in Nghe An.

WHA Industrial Development's customers mainly operate in the fields of: Automotive industry, petrochemicals,... and other industries with nearly 900 customers (including many large corporations in the world), the total investment capital from all customers reached 43.1 billion USD.

In Vietnam, WHA is operating the WHA Industrial Zone 1 in Nghe An province. In phase 1, the industrial park covers an area of ​​498 hectares with an international standard infrastructure system to meet the needs of industrial investors along with residential and commercial projects. Upon completion, the industrial park will have a total area of ​​2,100 hectares. The total investment for this project is about VND 22,000 billion, developed since 2017.

In other localities, WHA is also preparing investment proposals for the project of Investing in construction and business of infrastructure of the Western Industrial Park of the expressway section through Thang Binh district with an area of ​​about 400 hectares in Quang Nam province; in March 2024, WHA proposed to invest in Chau Duc Industrial, Urban and Service Park with an area of ​​1,200 hectares in Ba Ria - Vung Tau province; in June 2023, WHA hopes to survey and explore investment cooperation opportunities in an industrial park in Dong Hy district with an area of ​​300 hectares to 500 hectares in Thai Nguyen province,...

According to Thanh Hoa province's planning for the period 2021 - 2030, with a vision to 2050, Thanh Hoa province will have two economic zones (EZs), 19 industrial parks (IPs) and 126 industrial clusters (ICs).

Viet Phuong

Source: https://www.nguoiduatin.vn/tap-doan-wha-thai-lan-dau-tu-vao-kcn-o-thanh-hoa-a665550.html