WHA Group Develops “WHA Smart Eco Industrial Zone” in Quang Nam Province, Vietnam

WHA Group signs MoU on 25th August 2022 with the Quang Nam Economic and Industrial Zone Management Authority. Strategically located in Central Vietnam, at the heart of the “Central Industrial Corridor”, the project area will cover approximately 400 hectares.

Bangkok, October 25, 2022 – WHA Industrial Development PLC, a subsidiary of WHA Group, Thailand’s leader in fully-integrated Logistics, Industrial Estates, Utilities & Power, and Digital Platform, has announced the signing of a Memorandum of Understanding (MoU) with the Quang Nam Economic and Industrial Zone Management Authority for the development of “WHA Smart Eco Industrial Zone” in Vietnam. With a gross surface area of approximately 400 hectares, the upcoming WHA Smart Eco Industrial Zone – Quang Nam will be located between the provinces of Danang in the North, and Quang Ngai in the South.

According to the MoU, the Quang Nam Economic and Industrial Zone Management Authority will support WHA Industrial Development to obtain the approval of the Investment Policy and other necessary permits for the project in accordance with the laws of Vietnam.

WHA Smart Eco Industrial Zone – Quang Nam will benefit from its location at the heart of the Central region including Danang and Quang Ngai Province. This includes superior air, sea, and road infrastructure and connectivity with Danang international airport and multiple directs flights to South Korea, Japan, China, Singapore and Thailand, Chu Lai airport, Danang deep seaport, and the existing modern motorway connecting the project area to Danang in less than one hour. Quang Nam Province has ample labor availability and a population of 1.5 million people, with an existing industrial base in automotive and electronics. The unique living environment includes Danang and Hoi An that will attract both local and foreign professionals. The future industrial zone is well-suited to welcome clean and high-tech manufacturing industries in the automotive, mechanical, electrical, electronics, telecommunication, medical, and logistics sectors. The construction is expected to commence in 2024

“We are confident that WHA Smart Eco Industrial Zone – Quang Nam will enhance the East-West Corridor, to become the manufacturing cluster of Central Vietnam. Similar to all our projects in both Thailand and Vietnam, WHA will implement advanced and environment-friendly technologies while promoting long-term economic development with growth prospects. Based on these strengths, we are looking forward to attracting high-value FDIs from Japan, South Korea, Taiwan, Europe, the USA as well as other countries,” noted Mr. David Nardone, Vice Chairman, WHA Corporation PCL, Group Executive – Industrial and International, WHA Industrial Development PLC.

“WHA is continuing its Vietnam success following our first industrial zone in Nghe An Province and our new industrial zone under planning and approval in Thanh Hoa Province. In Quang Nam Province, WHA’s strategy of industrial expansion in selected key provinces in Vietnam is for long term continuous investment.” added Ms. Jareeporn Jarukornsakul, Chairman and Group CEO, WHA Corporation PCL.