AMATA's Industrial Parks Thrive with Multinational Investments in 2023

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AMATA's industrial park projects in Vietnam, spanning from Dong Nai to Quang Ninh, have witnessed a surge in positive developments, attracting investments from multinational corporations in recent months. Notably, on October 5, 2023, AMATA City Long Thanh (Long Thanh High-Tech Industrial Park) and AMATA City Ha Long (Song Khoai Industrial Park) both celebrated significant milestones with new investment ventures.

October 5, 2023, in Quang Ninh, AMATA City Ha Long industrial park in Vietnam’s Northern province of Quang Ninh marked a major achievement as the General Director, Mr. Nguyen Van Nhan, and Mr. Chang Tsung Cheng, the General Director of Renli Vietnam Industry Co., Ltd., an investment from Taiwan, officially signed a land sublease agreement for 2.9 hectares of land. The agreement paves the way for a USD15 million investment in an automotive components project focusing on metal forging and plastic parts.

Renli Vietnam Industry is set to commence construction in the last months of 2023 and aims to start operations by the end of 2024 or early 2025, contributing to the creation of 600 jobs in this region.

The signing was witnessed by officials of Quang Yen town, where AMATA’s Ha Long project is located, and included Mr. Tran Duc Thang, Chairman of Quang Yen Town's People Committee, Mr. Le Manh Tuyen, Vice-Chairman of Quang Yen Town's People Committee, and Mr. Nguyen Van Bac.

AMATA City Ha Long industrial park, has become a notable hub for industrial investment in Quang Ninh province, attracting over $1.5 billion in foreign direct investment (FDI) capital on an area exceeding 80 hectares. Notably, the project’s first investor was Jinko Solar from China, one of the world’s largest innovative solar module manufacturer.

Earlier this year, Swedish Autoliv, a leader in automotive safety system, announced its expansion to Vietnam to invest in a new airbag cushion plant at AMATA. In June, a top leading electronic components supplier, Foxconn announced its expansion plans in Vietnam for two new investments at the AMATA industrial park on an area of 10.4 hectares. In addition, AMATA proudly signed sublease agreements with notable investors from Japan

On the afternoon of October 5, 2023, at the office of Dong Nai Provincial Industrial Zones Authority (DIZA), key representatives including Madam Nguyen Thi Hoang (Vice Chairman of the People’s Committee of Dong Nai province), Mr. Nguyen Tri Phuong (Head of Dong Nai Industrial Zones Authority), Madam Phan Thi Khanh Phuong (Head of Foreign Economic Relations Department, Dong Nai Department of Planning and Investment), and other relevant departments warmly welcomed new investors to Dong Nai.

The authority officially granted the Investment Registration Certificate (IRC) to Kingfa (China) and Wave Crest (Japan) for their projects in AMATA City Long Thanh High-Tech Industrial Park.

Kingfa Science and Technology (Vietnam), with a total capital of USD 80 million, specializes in high-tech research and production of new-generation materials, standing among the top Fortune 500 Chinese enterprises. The company is poised to execute its upcoming factory on a 14-hectare plot at AMATA City Long Thanh.

Meanwhile, Wave Crest Vietnam is set to invest USD10 million in a new project focused on the production of electronic circuit boards and electrical cables for electronic products. This initiative is expected to significantly contribute to the further development of the supply chain within supporting industries.

Both projects have received high praise for their alignment with the new generation of industry, incorporating automation and innovation to enhance the skills of the local labor force. The combined effort of these ventures is anticipated to create more than 1,000 jobs for Dong Nai Province in the near future.

AMATA offers a multitude of advantages to investors, providing key considerations for new investments. These include a highly strategic location, world-class infrastructure, and essential facilities that meet international standards. Additionally, AMATA provides comprehensive supporting services.

With a track record of excellence, AMATA has consistently held its position as one of the foremost industrial park developers not only in Vietnam but also across the Greater Mekong Subregion. This reputation is further underscored by the endorsement of over 1,400 industrial tenants, garnering significant attention and trust from multinational investors.

AMATA's investments and operations in Vietnam fall under AMATA VN Public Company Limited (SET: AMATAV), overseen by Director and Chief Executive Officer, Mrs. Somhatai Panichewa. Pioneering industrial estate development in Vietnam since 1994, AMATA has established a highly successful Industrial Park model in Dong Nai province. Managing three industrial parks in the north and south of Vietnam as of today, covering 25 square kilometers, these parks accommodate over 200 factories and commercial establishments.

For more information, please contact: Ms. Jutikun Net-aroon, Public Relations Executive, AMATA Corporation PCL., This email address is being protected from spambots. You need JavaScript enabled to view it.

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