By
Tri Duc
Mon, January 27, 2025 | 10:39 am GMT+7
Thailand’s leading industrial park developer, WHA Corp, is setting a new benchmark in Vietnam’s investment landscape with its ambitious WHA Industrial Zone 2 project. Slated to launch in the central province of Nghe An later this quarter, the project exemplifies WHA’s commitment to fostering economic growth in the region.
According to a recent project report, construction is expected to be completed by Q2 of 2027, paving the way for operational activities soon thereafter. This timeline not only reflects a strategic plan for expansion but also highlights WHA’s capabilities in project management and execution.
The entrance of WHA Industrial Zone 1 in Nghe An province, central Vietnam. Photo by The Investor/Tuan Anh.
The WHA Industrial Zone 2 project boasts a significant investment of VND1.2 trillion, which translates to approximately $50 million. The financial breakdown indicates a solid commitment to community engagement, with $18.3 million earmarked for site clearance and job development initiatives for local citizens. Additionally, $25.9 million is allocated for essential ground leveling, while $1.2 million will be spent on equipment, and $3.7 million on consultation and ancillary costs.
Spanning 183.4 hectares, the project features 150 hectares designated for agricultural purposes, specifically for paddy rice cultivation. However, land conversion processes are required for this section, indicating the careful planning WHA is undertaking to harmonize industrial and agricultural needs.
With over three decades of expertise in developing industrial parks, WHA is no newcomer to the landscape of Vietnam’s industrial growth. Currently, the company’s footprint in Vietnam encompasses 3,650 hectares across operational and under-construction industrial zones. This includes the existing WHA Industrial Zone 1 in Nghe An province, which covers a significant area of 500 hectares, demonstrating WHA’s stronghold in the region.
In a statement made earlier this January, WHA Chairperson Jareeporn Jarukornsakul shared ambitious growth targets. Since 2017, WHA has invested $310 million into Vietnam and aims to escalate this investment to a staggering $1 billion. This ambition aligns with Vietnam’s growing status as an attractive destination for both regional and global investors.
As WHA embarks on this new project, it not only symbolizes a significant investment in infrastructure but also reflects a broader commitment to fostering sustainable development in Vietnam. The WHA Industrial Zone 2 project is poised to become a cornerstone in the continuing narrative of economic progress in the region, shaping the future for both industry and agriculture.
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