WHA GROUP SPEARHEADS INDUSTRIAL EXPANSION IN THANH HOA WITH FOUR MAJOR MOU SIGNINGS

THANH HOA, VIETNAM – March 28, 2026 – On the sidelines of the prestigious Thanh Hoa Investment Promotion Conference 2026, WHA Industrial Development PLC. has officially solidified its commitment to the province’s growth by signing four pivotal Memoranda of Understanding (MOUs) for new industrial infrastructure projects.

The signing ceremony marked a historic day for Thanh Hoa, with a total of 14 MOUs signed by various global and local leaders, representing a staggering total investment of nearly VND 73,000 billion (~USD 2.9–3.0 billion).

WHA: A Strategic Pillar of Thanh Hoa’s Industrial Future

As a leading developer of internationally standardized industrial estates, WHA Group emerged as a key participant in the conference. The four MOUs signed by WHA focus on developing high-tech, sustainable industrial ecosystems across strategic locations in the province:

1. Thieu Quang Industrial Park
2. Thieu Hoa Industrial Park
3. WHA Smart Technology Industrial Zone 1 (Phu Quy IZ) – Phase 2
4. WHA Smart Technology Industrial Zone 2 (Giang Quang Thinh IZ) – Phase 2

These projects are designed to replicate WHA’s successful "Smart Eco" model, integrating advanced utilities, digital management systems, and environmental safeguards to attract high-value FDI to the Northern Technology & Industrial Corridor.

A $3 Billion Investment Milestone for the Province

The conference showcased a massive wave of capital flowing into Thanh Hoa, targeting industrial infrastructure, logistics, R&D, and aviation. Alongside WHA, other significant projects were announced, including:

• Logistics & R&D: FLC Group signed MOUs for logistics infrastructure and R&D centers totaling over VND 27,000 billion.
• Aviation Infrastructure: Sovico Group initiated a study project to upgrade Tho Xuan Airport, valued at VND 8,200 billion.
• Industrial Hubs: Major developments were also confirmed by Thang Long Industrial Park, Tan Phuc Hung Group, Viet Hung Group, and Dai Dung Mechanical Construction.

Leadership Perspective

Representing WHA at the event, leadership expressed high confidence in the province’s trajectory: "Thanh Hoa is rapidly emerging as a primary industrial engine for Vietnam. Our decision to expand into Thieu Hoa, Thieu Quang, and advance Phase 2 of our Smart Technology zones reflects our belief in the province’s strategic advantages and the proactive support of the Thanh Hoa Provincial People’s Committee."

The total registered investment from the day’s proceedings signals a new era for Thanh Hoa, positioning it as a top-tier destination for global capital and a regional leader in industrial and logistics excellence.

Related News

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIỆT NAM-CAMBODIA TRADE GATHERS PACE TOWARDS $20 BILLION TARGET

Trade between Việt Nam and Cambodia continues to grow, remaining a bright spot and a key pillar of bilateral cooperation as the two countries aim to raise two-way trade to US$20 billion in the coming years. After setting a record of more than $11.3 billion last year, bilateral trade reached about $8.7 billion in the first eight months of this year, up 8.3 per cent year on year.

Oct 14, 2026

TECHNOLOGY

AI BEGINNING TO RESHAPE RECRUITMENT CRITERIA

Digital literacy is the only capability area in which fresh graduates meet employers’ expectations, according to a new report. Yet, it is also the standard rising fastest, as businesses increasingly expect new hires to use AI effectively in the workplace. Some 83 per cent of employers say AI has changed, or is beginning to change, their hiring criteria, while 94 per cent report higher expectations for digital and AI capabilities than they had two to three years ago.

Oct 14, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

ĐÀ NẴNG GREEN-LIGHTS US$105 MILLION THAI DEVELOPMENT DEAL

The central city has approved an investment proposal by Thailand’s WHA Group to develop infrastructure for the 400ha WHA Đà Nẵng Industrial Park project on two communes of Thăng Bình and Đồng Dương, with an investment of more than VNĐ2.7 trillion (US$105 million). The city said it approved WHA Industrial Development International's status as an investor in the project, which is expected to take place between 2027 and 2034.

Oct 14, 2026

VIETNAM ECONOMY INVESTMENT

MOBILE PHONE EXPORTS RISE 20% TO $51.8 BILLION IN FIRST NINE MONTHS

Exports of mobile phones and components rose 20 per cent year-on-year to nearly US$51.8 billion in the first nine months of 2026, with China, the US and Republic of Korea accounting for more than half of the total. Shipments to the three markets reached a combined $26.18 billion, or 50.6 per cent of total exports of the product group during the period, according to data from the Vietnam Department of Customs under the Ministry of Finance.

Oct 14, 2026

VIETNAM ECONOMY INVESTMENT

FRUIT AND VEGETABLE EXPORTS POISED TO HIT $10 BILLION IN 2026

Fruit and vegetable exports are on track to reach nearly US$10 billion in 2026, after rising 19.9 per cent year on year to nearly US$7.4 billion in the first nine months, driven by strong seasonal demand and abundant tropical fruit supplies. The Ministry of Agriculture and Environment said the growth reflected stronger international demand for fresh produce and processed agricultural products.

Oct 14, 2026

GARMENT / TEXTILE

TEXTILE EXPORTS FACE DUAL CHALLENGES OF SUSTAINING ORDERS AND BOOSTING EFFICIENCY AMID GROWING COMPETITION

Data shows that the textile and garment sector maintained its growth momentum in the first nine months of this year. The industry's total export turnover reached an estimated US$35.721 billion in the first nine months of this year, up 3.3 per cent year-on-year. Despite posting encouraging export figures, Vietnamese textile and garment enterprises continue to navigate unpredictable market variables.

Oct 14, 2026