Thai Amata group makes large scale investment in Vietnam
Monday, January 22,2018
AsemconnectVietnam - Amata Corporation Pcl, Thailand’s largest developer of industrial estates, plans to invest 3.4 billion Baht (around US$110 million) in its Vietnamese projects this year.
Vikrom Kromadit, Chief executive of Amata Group, said Amata focuses investments on building infrastructure in industrial zones as an advantage in attracting potential investors. This year, it will spur its investment activities in Vietnam as the country’s industry shows great promise to become a new industrial base in ASEAN after Thailand. Furthermore, Vietnam’s economic growth is forecast to be 6.8% this year.
In Thailand, the group will pour finances into transport infrastructure and the Eastern Economic Corridor project. It will also build Amata City in Chonburi Province with an investment of 8-15 billion Baht, comprising 10 projects; an electric power plant, infrastructure development, education centre, space development, and information technology systems. These projects are expected to contribute to realizing the industrial target Thailand 4.0 as laid out by the Government.
According to the group’s report, its revenue rose 39% to 3.43 billion Baht during the first nine months of 2017 and is expected to increase by another 10-20% this year.
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