SET-listed industrial estate developer Amata VN is awaiting approval from the Vietnamese government for the development of 3,100 rai of new industrial land, expected as early as October, paving the way for the company’s next phase of growth in the country.
The new estate, to be located in Phu Tho province in northern Vietnam, is designed to cater to high-tech investors, particularly in the semiconductor sector.
An industrial estate developed by Amata VN in Vietnam.
“Vietnam’s GDP growth, averaging 8–9% annually, has been a key driver attracting investors looking to expand or establish new ventures,” said Somhatai Panichewa, Amata VN’s chief executive.
She added that recent discussions with Phu Tho authorities showed promising progress, with officials pledging to accelerate approval for the project. The land development approval is anticipated by October or by the end of 2025.
In May, Amata VN signed a memorandum of understanding with the Phu Tho Provincial People’s Committee to move the project forward. The new estate will be developed under a sustainability model, focusing on environmentally friendly practices.
“Amata VN is committed to supporting Phu Tho in boosting its investment appeal and attracting quality investors from Thailand and across the globe,” said Mrs Somhatai.
Vietnam remains a strong draw for international investors thanks to its network of free trade agreements with China, South Korea, and ASEAN nations, as well as its membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which includes Japan, Australia, New Zealand, and Canada.
The company plans to invest 4.5 billion baht in the development of the Phu Tho industrial estate, which is scheduled to begin commercial operations in 2027, according to chief financial officer Sukhum Pitayapiboonpong.
Currently, Amata VN operates four industrial estates in Vietnam: Amata City Bien Hoa, Amata City Long Thanh, Amata City Halong, and Quang Tri Industrial Estate. For 2025, the company has targeted 6 billion baht in revenue, with 500 rai in total land sales.
