Thailand-based industrial estate developer Amata has been approved to develop its fifth industrial estate in Vietnam. (Photo: Amata VN)
Thailand’s Amata Corporation subsidiary, Amata VN Plc, has secured government approval to build its fifth industrial estate in Phu Tho province, as Vietnam’s economy continues to post strong growth despite a volatile global environment.
The project, Amata City Phu Tho, carries an estimated investment value of 5.7 billion baht (USD 182 million) and comes as Vietnam’s gross domestic product (GDP) expanded by an estimated 8.02% year on year in 2025, reinforcing the country’s appeal to foreign manufacturers and industrial developers.
According to Amata chief executive Somhatai Panichewa, the new industrial estate will be developed as an eco-friendly park targeting electronics, technology, and other high-value manufacturing sectors, in line with Vietnam’s 2050 net-zero goal.
