The proposal was shared by chairwoman and managing director Jareeporn Jarukornsakul at a meeting with provincial authorities on March 1.

Jarukornsakul noted that Chau Duc district has ample potential for development. Under the newly approved provincial planning for 2021-2030 with a vision to 2050, an area of 4,200ha has been earmarked for industrial land development in the district.

If implemented, it will be the second-largest project in Vung Tau, trailing behind the 1,500-ha Chau Duc Industrial Park (IP).

Nguyen Van Tho, Chairman of Ba Ria-Vung Tau People’s Committee, said that the province is calling for investors to construct industrial park infrastructure in Chau Duc district. The province will create advantages for investors, including WHA Group, to engage in the project.

WHA Group has been present in Vietnam since 2017 with its first project in Nghi Loc district, Nghe An province, with a scale of nearly 1,900ha. WHA Group has recently proposed other IP projects covering hundreds of hectares in Thanh Hoa and Quang Nam provinces.

Jarukornsakul shared that WHA Group plans to invest at least $1 billion in Vietnam in the next five years to develop smart and eco-friendly industrial parks. It also aims to lure secondary projects with a total investment capital of over $5 billion.

Ba Ria-Vung Tau is home to a number of large projects by Thai investors, notably Long Son Petrochemical Complex invested by SCG Group (Thailand). The project boasts investment capital exceeding $5 billion, making it one of the largest foreign-invested projects in the southern province. The complex is in trial operation and will be put into commercial operation in March 2024.