On November 19, Deputy Prime Minister Bui Thanh Son signed Decision No. 1431/QD-TTg, greenlighting the investment policy for the WHA Smart Technology Industrial Park in Thanh Hoa.

The project will be developed and operated by three investors:

WHA Industrial Development 2 (SG) Pte. Ltd.
WHA Industrial Management Services Vietnam Co., Ltd.
WHAUP Nghe An Joint Stock Company.

The project aims to build and operate industrial park infrastructure across 178.51 hectares, spanning the communes of Hoang Quy, Hoang Quy, Hoang Xuyen, and Hoang Cat in Hoang Hoa District, Thanh Hoa Province.

The total investment capital for the project is VND 1.32 trillion, equivalent to $55 million. Of this, the investors will contribute VND 216 billion ($9 million).

The project has a 50-year operational timeline starting from the approval date. Construction is expected to be completed within 36 months from the date the investors are allocated land by the government.

In addition to the WHA Smart Technology Industrial Park, Thanh Hoa's People’s Committee has approved a detailed master plan (1:2000 scale) for the Phu Quy Industrial Park. This industrial zone will cover 540 hectares across seven communes in Hoang Hoa District, making it the largest industrial park in the province.

Phu Quy Industrial Park is designed as a multi-sector hub, prioritizing high-tech industries, manufacturing, mechanical engineering, automotive industries, pharmaceuticals, and food processing. The park is expected to employ approximately 60,000 workers.

According to Le Thanh Hai, Chairman of the Hoang Hoa District People’s Committee, the industrial parks' prime locations at the gateway of Hoang Hoa District - adjacent to Thanh Hoa City and neighboring districts - offer strategic advantages.

"These locations are at the intersection of key transportation routes connected to economic zones, seaports, and airports. These factors will significantly enhance and accelerate the development of Thanh Hoa's industrial parks," Hai stated.

Le Duong