» » Thailand’s Amata commits more investment in Vietnam

VNRE - Mr Vikrom Kromadit, the founder of Thailand’s Amata Corp, said that the industrial zone infrastructure developer will continue investing more in Vietnam after some success of Amata IZ project in Dong Nai province.

He made this statement on Mach 28 in Dong Nai on the occasion of his Asia caravan to Thailand, Laos, Cambodia, Vietnam, China and Mongolia.

He also confirmed Amata is pursuing a new industrial urban development project with large scale in Long Thanh, Dong Nai without detailed elaboration on the project.

In an interview with Saigon Economic Times Online, Mr Huynh Ngoc Phien - General Director of Amata Vietnam JSC spoke that the above project with total area of 1,300 hectares and estimated investment capital of US$20 billion will be defined by Dong Nai municipal governance in next month. US$500 million of US$20 billion will be invested for infrastructure as from 2013. Amata will call for investors to develop each item of the new industrial urban development project.

Mr Phien expected the industrial urban development project will be more modern than the existing one in Thailand.

Currently, Amata Vietnam is developing the trade area on 20 hectares in Amata IZ, Bien Hoa City. It needs US$2 billion to complete the project consisting of trade centre, resident area, hotel, international school, hospital, entertainment and service areas…

Amata Vietnam JSC is a joint venture between Bien Hoa IZ Development Co and Thailand-based Bangpakong Industrial Park 2 Company. Amata has invested total US$60 million in Vietnam.

Source: VietBiz24

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