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.
Thai Amata Corporation Plc has won a Vietnamese government licence to invest in a second industrial zone (IZ) in southern Dong Nai province. Named Amata Express City, the 1,600-hectare IZ will be located near Long Thanh international airport, not far from Ho Chi Minh City. The first phase of the project is expected to be finished by 2015, with a high technology sector covering nearly 50 percent of the site. Somhatai Panichewa, chief business officer at Amata Corp, said this is a milestone in her business operation in Vietnam. “It’s in line with our strategy to expand the industrial sector,…... [read more]
Specifically, HSG is going to establish joint-stock subsidiaries for different regions. The parent company will hold at least 51 per cent in these companies, while the remaining stake would be auctioned among interested investors. HSG is going to transfer the ownership of all plants and assets to its regional joint-stock subsidiaries. After a while, these subsidiaries are going to be listed on their own.According to HSG’s annual report for the 2015-2016 fiscal year, the company’s output reached 1.24 million tons, up 22% since last year. Meanwhile, revenue was VND17.9 trillion (US$778 million), up 2.6% on-year. After-tax profit was VND1.5 trillion (US$66.5…... [read more]
A film crew from Thailand's Channel 9 TV will come Danang to make a promotional movie of the tourist spots in Danang, Quang Nam and Thua Thien-Hue provinces from August 16th-Sepetember 2nd, said a representative from PB Air. The program, co-organized by PB Air and KTC Card Centre, aims to attract more foreign and Thai tourists to Vietnam's Central Region. As scheduled, the film crew will shot in well-known tourist destinations such as the Champa Sculpture Site, Hai Van Pass, Hoi An Old Town, Thien Mu Pagoda and the Khai Dinh Tomb. PB Air said that foreign tourists to Danang…... [read more]
Farm land expansion in the Mekong Delta region has benefitted those involved in large-scale production models. With 120 ha of farmland, Nguyen Van Khanh of Phu Cuong village is one of the largest individual landowners in Dong Thap province. Until recently his family farmed several small disconnected fields. Khanh has found ways to consolidate his farmland by renting the land from others to create large-scale production areas.But Khanh says this is a band-aid solution. In the long run, he says, he hopes the government will promulgate a clearer policy on farmland expansion.Khanh told VOV “With this model, we can mechanize agricultural…... [read more]
Just in the last 10 days, numerous investment cooperation agreements have been signed within the framework of Party General Secretary Nguyen Phu Trong’s visit to Indonesia and Myanmar and Prime Minister Nguyen Xuan Phuc’s visit to Thailand.One of these is the agreement between PT Intra Asia (Indonesia) and Hong Phat Coal and Resources to build a port for coal import in Vietnam. The project is expected to have up to US$1 billion investment and capacity of 15 – 20 million tonnes per year, helping cut the cost of transporting imported coal from Indonesia.“The construction of the port will help the sustainable…... [read more]
