Authorities of northern Phu Tho province on December 23 granted an investment registration certificate to Amata VN PCL, a subsidiary of Thailand's Amata Group, for the Amata City Phu Tho Industrial Park project.
With a total investment exceeding $185 million, the industrial park is set to cover 475 hectares in Doan Hung commune, marking Amata's fifth project in Vietnam after nearly three decades of presence.
It aims to attract high-tech, environmentally friendly projects, thereby creating significant added value and aligning with sustainable development goals.
Amata City Phu Tho IP will be implemented in two phases. Phase 1 covers an area of 239.43 hectares, to be executed from 2025 to 2029; phase 2 covers 236.24 hectares, to be implemented from 2029 to 2033. The project's operational period is 50 years from the date of issuance of the investment registration certificate.
The IP is located at the northern gateway of the province, directly connected to National Highway 70 and the Phu Tho – Tuyen Quang expressway. The industrial park can therefore conveniently connect with the Hanoi – Lao Cai expressway, significantly reducing the time to transport goods to the Lao Cai border gate, Noi Bai International Airport, and the northern seaport system.
In Vietnam, Amata has been active in the industrial real estate sector for nearly 30 years, with over 2,500 hectares of land under development. Phu Tho is the fifth locality chosen by the group to develop an industrial park, following projects in Bien Hoa and Long Thanh (southern Dong Nai province), Ha Long (northern Quang Ninh province), and central Quang Tri province.
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