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Company News

Meeting with Investors Forum in Nghe An Province, Vietnam

09:55 AM - 20/06/2018
For WHA Group, the Lunar Year 2018 in Vietnam was a very auspicious occasion.

For WHA Group, the Lunar Year 2018 in Vietnam was a very auspicious occasion.  Mr David Nardone, Vice Chairman of the Board of Directors, WHA Corporation Pcl. and Group Executive Industrial and International, Hemaraj Land And Development Plc., was in Vinh City, Nghe An Province, to attend the 10th Annual Meeting with Investors Conference, in the presence of H.E. Deputy Prime Minister of Vietnam Mr. Vuong Dinh Hue. Attracting a large number of domestic firms and foreign businesses, the yearly forum highlights the government’s efforts for economic development to further enhance investment opportunities in Vietnam.


During this year’s conference, WHA Hemaraj officially received from the Vietnamese government the Investment Registered Certificate (IRC), giving it the license to invest in the country.  This marked a major milestone for Thailand’s leading industrial zone developer that discovered Nghe An province and its investment opportunities during the same Investors Meeting in 2016. Barely two years later, the groundbreaking ceremony was held for WHA Hemaraj Industrial Zone - Nghe An province, representing an initial investment of USD 100 million. The project is expected to grow to a potential area of 3,200 hectares over the next decades. 

 

 

In addition, WHA Utilities and Power (WHAUP), WHA’s business hub that provides power, water and other utilities infrastructure, was also awarded the IRC by the Vietnamese government to provide utilities services in the WHA Hemaraj Industrial Zone 1 -Nghe An.


Mr Nardone thanked the Nghe An local government and other partners for the tremendous cooperation and support in the establishment of WHA’s first project in Vietnam. “We are proud to participate in Vietnam’s development, its robust economic growth, its strong manufacturing base, and its positioning as a gateway to major markets in Asia and beyond,” he said.  “The WHA Hemaraj Industrial Zone 1 - Nghe An is a first step in our contribution to this economic development partnership with Vietnam.  We look forward to our continued success for mutual benefits together.”