Amata Vietnam promotes investment in Vietnam hinh anh 1A corner of Amata's industrial park in Bien Hoa, Dong Nai province (Photo: VNA)


 Hanoi (VNA) – Amata VN, a subsidiary of Amata Corporation, is studying the feasibility of establishing a fourth industrial park in Vietnam’s central province of Quang Tri.

According to Bangkok Post, Vietnam has become a hot investment destination in Southeast Asia, with Thai industrial developer Amata VN a major foreign player in the country.

Founded in 1994, Amata VN was the first foreign industrial developer in Vietnam, and it is developing three industrial parks in the country, namely Amata City Bien Hoa, Amata City Long Thanh, and Amata City Ha Long.

President and chief executive of Amata VN Somhatai Panichewa said the company is teaming up with Japanese and Singaporean companies to conduct a feasibility study requested by the Vietnamese Government which is calling on overseas firms to expand operation and bring new investment flow into the central region, especially Quang Tri, to connect the northern and southern regions.

Amata VN projects a new industrial estate based on a township concept, a combination of manufacturing, commercial and residential zones.

The project will be a green industrial estate in line with the Vietnamese Government’s policy of eco-friendly industrial development.

Amata VN will increase its 2020 development budget for industrial estates in Vietnam from 3 billion baht (98.43 million USD) allocated for 2019.

The company plans to develop solar rooftops and wind farms in Vietnam to support power generation for clients in the three industrial estates./.