For More Than 25 years, Amata has contributed to Vietnam’s Economic Growth

Posted on | Press Releases

As one of Thailand’s first investors in Industrial estate development in Vietnam beginning in 1994, Amata has proven itself capable of building the most successful Industrial Park model in Dong Nai province.

(Pics: Amata City Bien Hoa – Main gate)

Covering 513 hectares of land, Amata City Bien Hoa has to date attracted 172 multinational investors, together contributing Foreign Direct Investment (FDI) of more than USD2.0 billion. Amata Group and its tenants are a key component of Dong Nai’s economic growth, remarkably resulting in the province recently becoming one of the top five contributors to Vietnam’s total GDP and attractors of new FDI.

 

(Pics: Amata City Bien Hoa – Main road & park view)

Even more significantly, Amata has helped Vietnam realize its vision of becoming a regional hub for low-cost manufacturing in Asian supply chains, despite the significant negative economic impact of the COVID-19 pandemic. This success is the result of Amata’s non-stop efforts to seek new opportunities in both the North and South for both Industrial and Township development. Amata’s latest projects include Amata City Long Thanh in Long Thanh district, Dong Nai, and Amata City Ha Long in the Quang Yen Economic Zone, Quang Ninh).

(Pics: Amata group receiving investment certification for Ha Long project, with the honored presence of Vietnam Prime Minister Nguyen Xuan Phuc and Thailand PM Prayut Chan-o-cha.)

Amata successfully applied for 1,270 hectares in Long Thanh in 2015, with plans for an Integrated Smart Industrial Park and Township. This would take advantage of the expected economic boom resulting from the Long Thanh International Airport megaproject.

Meanwhile, the 5,789-hectare Quang Ninh project will enjoy numerous benefits of provincial support, including the largest Economic Zone tax incentives and outstanding logistics and transportation infrastructure connecting Vietnam with China. Both projects demonstrate Amata’s readiness for the significant wave of investment forecast for the region.

 

(Pics: Amata City Long Thanh and Amata City Ha Long)

Furthermore, on 26 January 2021, in its most recent collaboration with government agencies to support Vietnam FDI recruitment, the Thai-Vietnam Business Council, together with the Embassy of Vietnam in Thailand and Amata VN Public Company Limited held a press conference with the topic "Golden Opportunity for Thai Investors in Viet Nam in 2021." Its purpose was to inform Thai investors of the current and future growth of Vietnam's economy, and to highlight opportunities for investment.

 

(Pics: Left to right: Mr. Sanan Angubolkul, H.E. Mr. Phan Chi Thanh, Mr. Tanee Sangrat, Ms. Somhatai Panichewa)

At the conference H.E. Mr. Phan Chi Thanh, Vietnam Ambassador to Thailand, provided facts and figured that showed how Vietnam is becoming an investment “hot spot.”

Following his presentation, Mr. Tanee Sangrat, Director General of Thailand’s Department of Information and Spokesman of the Ministry of Foreign Affairs, said “Vietnam is a prime destination for foreign investment, including Thailand, because it is a large and growing market.”

 

(Pics: Mrs. Somhatai Panichewa, Director and Chief Executive Officer of Amata VN PLC)

Mrs. Somhatai Panichewa, Director and Chief Executive Officer of Amata VN Plc (AMATAV), has many years of experience in the Vietnam market. From her perspective as an industrial estate developer in Viet Nam, she said, “We believe in the growth of Vietnam. That is why we have been in Vietnam for more than 26 years, with developments in both North and South Vietnam. We have a total of six projects with developed area of 2,500 hectares (15,625 rai) and investment capital of about USD840 million, or about 27,200 million Baht. The Vietnamese government is continually improving its social-economic development, which is in line with the development of AMATAV as we transform our businesses towards the Smart City. This is a broad concept covering many areas, incuding smart energy, smart community, smart manufacturing, smart mobility, smart education, smart innovation, and smart environment.”

All AMATA projects currently welcome investors for further business expansion. Please contact us as shown below for more information.

 

 

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