The city of Da Nang in central Vietnam has approved an investment proposal by Thailand’s WHA Group, through its subsidiary WHA Industrial Development International (SG) Pte. Ltd., to develop the infrastructure of a new Da Nang industrial complex covering 400 hectares (about 4 square kilometres) in Thang Binh and Dong Duong communes, at a cost of approximately US$105 million.
The project focuses on building a smart, eco-friendly Da Nang industrial complex and will be implemented in two phases between 2027 and 2034, as part of the group’s plan to invest at least US$1 billion in Vietnam’s industrial real estate sector over the next five years.