Amata eyes Binh Dinh industrial and urban complex
Binh Dinh People’s Committee said an Amata delegation visited the province in December to study the investment environment. During a meeting with provincial leaders, Amata representatives learned about the expansion of Nhon Hoi Economic Zone, and the site for the planned for PTT’s $22 billion Victory oil refinery and petrochemical plant with 400,000 barrel per-day capacity and five million tonnes of petrochemical products annually.
Although Amata is just in the initial stages of its enquiries, the move shows that the Thai developer is planning to exploit future opportunities in the province after PTT and its partners build one of the world’s largest oil refinery and petrochemical integrated complexes in the province.
The Vietnamese government last month agreed to incorporate PTT’s project in the country’s national oil and gas master development plan.
Binh Dinh People’s Committee has also started calling for investment into oil and petrochemical-related support industries. And if Amata develops an industrial park in Binh Dinh, it will significantly improve the province’s industrial infrastructure.
Ho Quoc Dung, Chairman of Binh Dinh People’s Committee, said they were keen on Amata to invest, as it could help to attract even more foreign investors to the province. Vietnam’s leading industrial park and township developer VSIP is also studying a project in Binh Dinh that could become the firm’s second industrial park and township complex in central Vietnam.
Amata is Southeast Asia’s leading industrial land developer, boasting thousands of customers, including Fortune Global 500 Companies and numerous multi-national enterprises.
In Vietnam, Amata owns and runs Amata Bien Hoa Industrial Park in Dong Nai province. The developer last October signed a co-operative agreement with Dong Nai People’s Committee for implementing the long-prepared modern and integrated city industrial estate worth $530 million.
The agreement is a new step in Amata’s decade-long plans to implement an industrial park and township complex in Dong Nai.
The first phase of the project is a hi-tech industrial park that is aimed at attracting manufacturing in biotech, research, nanotechnology and pharmaceutical sectors. The second phase or service township, will focus on building integrated facilities such as a housing estate, hospital, school and logistics services. The third phase will be a mega-township that will include shopping centres, food courts and recreation areas. Amata is also preparing for a mammoth $2 billion development in the northern province of Quang Ninh.
