Business » Corporate
Thai Amata Corp expands business operation in Vietnam
Thai Amata Corporation Plc has won a Vietnamese government licence to invest in a second industrial zone (IZ) in southern Dong Nai province.
Named Amata Express City, the 1,600-hectare IZ will be located near Long Thanh international airport, not far from Ho Chi Minh City. The first phase of the project is expected to be finished by 2015, with a high technology sector covering nearly 50 per cent of the site.
Somhatai Panichewa, chief business officer at Amata Corp, said this is a milestone in her business operation in Vietnam. “It’s in line with our strategy to expand the industrial sector, relocate business sites and meet the urgent demand for manufacturing expansion,” she added.
In 1994, Amata started with a project to build Bien Hoa IZ in Dong Nai province. Bien Hoa IZ is now home to 120 factories although its total area is less than half the size of Amata Express City.
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Nguyen Khac Tho, deputy head of the General Department of Energy, told Tuoi Tre that state-run coal giant Vinacomin has to export coal in order to obtain capital for operation, despite the fact that the country will have to begin importing coal in 2015.
