The increasingly clear presence of WHA Group (Thailand) with two large-scale industrial park projects in Thanh Hoa shows the province's strong investment attraction for foreign corporations in the field of smart, environmentally friendly industries.
On May 14, Chairman of Thanh Hoa Provincial People's Committee Do Minh Tuan presented the decision approving the investment policy of the WHA Smart Technology 2 Industrial Park Project to WHA Group.
The project is implemented in the communes of Thieu Giang, Thieu Quang, Thieu Thinh and Thieu Hop (Thien Hoa district), with a total scale of nearly 175 hectares, an investment capital of about 1,450 billion VND (equivalent to 58 million USD), of which the investor's contribution capital is 225 billion VND.
According to the plan, this project will be implemented within 36 months from the date of land allocation, with an operating period of 50 years.
The goal is to develop a synchronous, modern, environmentally friendly industrial park, meeting the infrastructure needs of high-tech enterprises and supporting enterprises, thereby promoting the competitiveness of Thanh Hoa and the North Central region.
Previously, in March 2024, Thanh Hoa province also issued an investment policy decision to the WHA Smart Technology Industrial Park Project in Hoang Quy, Hoang Quy, Hoang Xuyen and Hoang Cat communes (Hoang Hoa district). This project has a scale of nearly 179 hectares, with an investment capital of about 1,320 billion VND (equivalent to 55 million USD), invested by WHA Industrial Development Nghe An Joint Stock Company - a member of WHA Group.
The special feature of both WHA industrial parks in Thanh Hoa is that they both aim to develop industrial infrastructure according to the "green - smart - sustainable" model. This is an investment trend being pursued by many developed countries, and is also a key strategy of WHA Group in the process of expanding the market in Vietnam.
WHA Group is one of the leading industrial groups in Thailand, operating in the fields of industrial park development, logistics, utilities - energy, digital solutions and mobile technology. After success with the WHA Industrial Zone 1 project in Nghe An, this group continues to expand its investment in Thanh Hoa on a larger scale, with regional connectivity and in line with the planning orientation of the South Ma River - North Nghe Tinh region.
According to a representative of WHA Group, in the next 5 years, this enterprise aims to invest at least 1 billion USD in the Vietnamese market, focusing on developing ecological and smart industrial parks in strategic localities such as Thanh Hoa, Nghe An, Hai Phong, Ha Nam... The total secondary investment value expected to attract can reach 5 billion USD.
WHA's investment projects in Thanh Hoa not only contribute to improving the quality of the province's industrial infrastructure but also create thousands of jobs for local workers, promoting the process of shifting the economic structure towards industrialization and modernization.
According to Chairman of Thanh Hoa Provincial People's Committee Do Minh Tuan. The choice of Thanh Hoa as a destination by large investors such as the WHA shows that the province's investment environment is increasingly improving. The province is committed to continuing to accompany and provide maximum support so that investors can implement the project on schedule, effectively and sustainably.
Experts assess that the presence of investors from Thailand will be a "catalyst" to promote Thanh Hoa to develop into a new industrial center of the North Central region.
