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Amata to invest in Dong Nai urban area

Released at: 09:22, 26/08/2016

Amata to invest in Dong Nai urban area

Photo: Viet Tuan

$309 million Amata City Long Thanh project to be built by Amata Vietnam.

by Ngoc Lan

The Amata Vietnam Joint Stock Company, owned by Thailand’s Amata Corporation, is planning to invest in the Amata City Long Thanh urban area project in southern Dong Nai province.

The project has total registered capital of over $309 million and is located on an area of 753 ha, according to a report from the Dong Nai Department of Planning and Investment (DPI).

Amata Vietnam preferred not to elaborate on the project when contacted by VET.

The Amata Corporation is the largest industrial park developer in Thailand and is listed on the country’s stock exchange. It is one of Vietnam’s leading foreign industrial infrastructure developers, with the under-construction Long Thanh High-Tech Industrial Park in Dong Nai.

The Long Thanh High-Tech Industrial Park has capital of over $282 million and is located on an area of 400 ha. Fields of focus are projects using high-technology and industrial support. The park is expected to employ 16,000-20,000 workers when put into official operation by 2020.

Amata Corporation also came together with Vietnam’s Tuan Chau Group in May 2015 to develop the Amata City Halong High-Tech Industrial Zone in the northern province of Quang Ninh.

Amata holds 70 per cent stake in the joint venture, which has investment of $1.6 billion.

Construction is expected to begin in September and be completed in 2018. The industrial zone will attract investment in the vicinity of $5 billion once opened and create some 300,000 jobs.

Dong Nai has an area of 6,000 sq km and a population of 2.8 million people and is next to Ho Chi Minh City.

It had 1,350 registered FDI projects with total investment capital of about $24 billion as at the end of 2015. As at the end of July it had received $25 billion worth of FDI in 1,422 FDI projects, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI).

Six countries and territories had invested over $1 billion each in Dong Nai province as at August 2016: Taiwan, South Korea, Japan, Singapore, Thailand and the British Virgin Islands.

Taiwan has 283 projects with total registered capital of almost $5.13 billion, followed by South Korea with 312 projects and more than $5 billion in capital.

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