In 2026, WHA, a leading industrial zone developer in Southeast Asia, has unveiled a series of plans to invest in industrial parks (IPs) in several localities. The Thai group is not only expanding existing projects but also exploring new markets such as Danang city in the central region and Hung Yen province in the north.

Recently, WHA executives reported on the study and investment proposals for several projects in Danang, with the development of the WHA Danang Industrial Park as a key focus.

Under the direction approved by the Danang People's Committee, the industrial park will prioritize attracting diverse industries such as automobiles, mechanical engineering, electrical and electronics, telecommunications, healthcare, high-tech manufacturing, logistics, and environmentally friendly industries.

The project will cover about 400 hectares in Thang Binh and Dong Duong communes in Danang, with estimated investment of around VND2.71 trillion ($104.29 million).

Under the proposal, the project will have an operating term of 50 years from the date the state issues a land lease decision or approves a change in land-use purpose. Construction is expected to take 72 months from the date the state hands over the land.

Meanwhile, in Hung Yen, WHA met with local authorities in late January 2026 to propose developing the Phu Cu Industrial Park as an eco-industrial and smart industrial park.

The group is currently working with the provincial Industrial Parks Management Board to carry out planning and complete the investment procedures and documentation for Phu Cu Industrial Park development.

Alongside the two new markets, WHA also plans to expand its industrial land bank in Thanh Hoa and Nghe An. In Thanh Hoa, WHA is developing two industrial parks: WHA 1, part of the Phu Quy Industrial Park, and WHA 2, part of the Giang Quang Thinh Industrial Park.

WHA 1 covers more than 178 hectares and has total investment of $55 million. WHA 2 covers 175 hectares, with investment of around $58 million, and is completing procedures to proceed as planned.

Beyond these two projects, WHA has also signed memorandums of understanding to invest in four additional industrial park projects in Thanh Hoa: Thieu Quang Industrial Park, Thieu Hoa Industrial Park, phase two of WHA Smart Technology 1 - Thanh Hoa Industrial Park (part of Phu Quy Industrial Park), and phase two of WHA Smart Technology 2 - Thanh Hoa Industrial Park (part of Giang Quang Thinh Industrial Park).

Nghe An was WHA Group's first foothold in Vietnam, where it broke ground on WHA Industrial Zone 1 in March 2018. The first phase covers more than 498 hectares, with total investment of more than VND2 trillion ($77 million).

In December 2024, the Prime Minister approved the investment policy for the WHA Industrial Zone 2 - Nghe An project, which covers more than 183 hectares with total investment of VND1.2 trillion ($46.2 million).

According to figures released by WHA, in 2025, the group managed 17 industrial parks in Thailand and Vietnam covering a total of about 88,900 rai, equivalent to 14,200 hectares.

In 2025, WHA's industrial land sales reached 1,340 rai, or about 214 hectares, while transferred land totalled 2,074 rai, or about 332 hectares. Another 770 rai, or about 123 hectares, was awaiting transfer.

In Vietnam, WHA plans to expand industrial parks in Nghe An and Thanh Hoa, including WHA Smart Technology Industrial Zones 1 and 2 - Thanh Hoa, with a combined area of 2,210 rai, or about 354 hectares. The group is also studying expansion into new localities such as Hung Yen and Danang to meet demand from manufacturers relocating production facilities.

In 2026, WHA is targeting industrial land sales of 2,500 rai, or about 400 hectares, including 2,300 rai, or about 368 hectares, in Thailand and 200 rai, or about 32 hectares, in Vietnam.

Of its total investment budget of 16.5 billion baht ($491.22 million) in 2026, WHA plans to allocate 9 billion baht ($267.9 million) to industrial parks, 3.7 billion baht ($110.14 million) to logistics, 2.9 billion baht ($86.35 million) to utilities and energy, 600 million baht ($17.87 million) to Mobility and 300 million baht ($8.93 million) to digital businesses.

The group aims to generate revenue and adjusted profit of 20 billion baht ($595.56 million) in 2026, with an EBITDA (earnings before interest, taxes, depreciation, and amortization) margin of more than 45% and a net debt-to-equity ratio of below 1.2 times.