Thai firm to build Vietnam industrial-urban complex

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Somhatai Panichewa, CEO of Amata Vietnam, speaks at the meeting with Quang Ninh Province authorities

Thailand's Amata Corp. and its Vietnamese partner Tuan Chau group have presented to Quang Ninh Province authorities a proposal to build an urban area-high-tech industrial park in the northern province.

According to a report on the Quang Ninh portal, at a meeting on June 8, Amata and Tuan Chau said the 16,000-ha complex would be built in the towns of Quang Yen, Uong Bi, and Ha Long.

It will have a high-tech park, a free trade area, research and educational institutes, and urban areas.

The 500-ha first phase, expected to cost $1.5 2 billion, will see ground broken in December this year and the first factory start operation at the end of next year.

Pham Minh Chinh, a Quang Ninh official, hailed the proposal and said the province would set up a committee to work on issues related to the project.

Somhatai Panichewa, CEO of Amata Vietnam, promised to quickly wrap up formalities so that work on the project could start early.

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