Somhatai Panichewa, Chief Executive Officer of Amata VN Public Company Limited (SET: AMATAV), disclosed that the company’s management recently met with top officials from the Phu Tho Provincial People’s Committee to advance cooperation on the investment under the Memorandum of Understanding (MOU) signed in May 2025, regarding the “Amata City Phu Tho – Hung King Industrial Park” project.
The first phase aims to develop an area covering approximately 1,875–3,125 rai, positioning itself as a new center for advanced high-tech industry.
AMATAV is confident that the infrastructure and investment potential in Phu Tho province will continually attract local and foreign capital. The Amata City Phu Tho – Hung King Industrial Park is expected to become a significant economic driver for both the province and the region in the future, with a project development budget of around THB 4.5 billion as part of AMATAV’s expansion plans, stated Somhatai.
AMATAV has invested in Vietnam for more than 30 years, underscoring Vietnam as a strategic landmark for expanding Amata’s investment footprint and attracting key strategic industries critical to global economic development—such as electronics, telecommunications, semiconductors, artificial intelligence (AI), automotive and parts, as well as welcoming new industries focusing on clean technology integration and innovation for sustainable growth.
Additionally, the company delegation met with Mr. Trang Duy Dong, Deputy Secretary and Chairman of the Phu Tho Provincial People’s Committee, with Vikrom Kromadit, Chairman of the Board and Acting CEO of Amata Corporation Public Company Limited (SET: AMATA), participating online. Amata presented the 1:2000 master plan for the project and expects to receive the Investment Registration Certificate (IRC) by October 2025.
Dang Xuan Phong, Secretary of the Phu Tho Provincial Communist Party, commented that Phu Tho province is among the fastest-growing economic regions in Vietnam, well-equipped with infrastructure. The local government is ready to expedite investment approval policies, issue the IRC, and assist with land acquisition and investor facilitation.
Meanwhile, Trang Duy Dong confirmed that there is a high likelihood of achieving the investment certification target. The provincial economic zone office has been assigned to complete the 1:2000 master plan by the end of August to ensure the investment approval process (IPA) and certificate issuance proceed according to the set timeline.
