What's Happening?
Amata VN Public Company Limited has officially launched the Amata City Phu Tho project during the Thai Connect 2026 event in Phu Tho, Vietnam. This event is part of a Vietnam-Thailand investment promotion program marking the 50th anniversary of diplomatic
relations between the two countries. The launch was attended by key figures such as Ms. Urawadee Sriphiromaya, Ambassador of Thailand to Vietnam, and Mr. Nguyen Manh Cuong, Deputy Minister of Foreign Affairs of Vietnam. The project, also known as Doan Hung Industrial Park, spans 475.67 hectares with a total investment of $185 million. It aims to become a vital industrial hub in Northern Vietnam, offering exceptional connectivity to major transport routes. The project will be developed in two phases, focusing on attracting high-value industries like advanced manufacturing and clean technology.
Why It's Important?
The launch of Amata City Phu Tho is significant as it represents a major investment in Vietnam's industrial sector, potentially boosting economic growth and job creation in the region. The project's strategic location and connectivity could enhance trade and logistics efficiency, benefiting both local and international businesses. Additionally, the signing of Memorandums of Understanding (MOUs) with various strategic partners underscores a commitment to sustainable development and international cooperation. This initiative not only strengthens Vietnam's industrial base but also reinforces diplomatic and economic ties between Vietnam and Thailand.
What's Next?
The development of Amata City Phu Tho will proceed in two phases, with the first phase covering 239.43 hectares from 2025 to 2029. The focus will be on attracting industries that align with the project's vision of sustainability and modernity. The strategic partnerships formed through the MOUs will play a crucial role in providing financial support, human resource development, and technological advancements. As the project progresses, it is expected to attract further investments and contribute to the region's economic transformation.
