Thai Amata VN granted licence for US$23 mln land project in Vietnam
Thailand's industrial park developer Amata VN Pcl said on April 7 it had been granted a new licence by Vietnam's government to develop land for a US$23 million residential and commercial project at Long Thanh, near Ho Chi Minh City.
The "Amata Service City Long Thanh 1" project will cover area of 55.4 hectares, or around 53% of the total land plot for which the company submitted licences in the southern province of Dong Nai, the Thai firm said in a statement.
The construction of the project including warehouses and a logistics facility is expected to start in 2018 and completed in 2019, when the land will be ready to serve both domestic and foreign investors, the statement said.
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| A man operates a machine at an Amata industrial park in Vietnam. |
The company is developing its Amata City Long Thanh, a high technology industrial park project on 410 hectares of land for which it received a licence in 2015 and is expected to be ready for investors in 2017.
Amata VN also applied for another two licences to develop two projects with a combined area of 801 hectares and is expected to receive the licences in the third quarter, it said.
Amata VN, one of top three foreign-owned industrial park developers in Vietnam, has run Amata City Bien Hoa since 1994.
