Japanese trading house Marubeni has taken a significant step in expanding its presence in Vietnam by acquiring a 20% stake in the Amata City Halong Industrial Park. The investment, worth 271 billion dong ($10 million), was made through a transaction with a subsidiary of Thailand’s largest industrial developer, Amata Corporation.
Located in Quang Ninh province in northern Vietnam, the Amata City Halong Industrial Park spans 714 hectares and is being developed in five phases. Established in 2018, the first phase has been completed, and the second and third phases are currently underway. Marubeni, eyeing Vietnam’s stable economic growth, sees substantial potential in the region, particularly for manufacturers.
The industrial park aims to attract key industries such as electronics, automotive, and machinery, with notable tenants like Foxconn already operational. Marubeni noted the park’s strategic location, which offers excellent connectivity via highways to China, proximity to the port city of Haiphong, and links to Hanoi. This infrastructure facilitates the efficient import of raw materials and export of finished products.
In addition to traditional industrial services, the park is set to offer green and digital transition services, including rooftop solar power generation. The competitive costs of labor and land in Quang Ninh compared to Hanoi and Ho Chi Minh City further enhance its appeal to international investors.
Marubeni’s engagement with Amata City Halong extends back to April 2021, when it signed a sales agency agreement to attract more companies to the park, reinforcing its commitment to Vietnam’s burgeoning industrial sector.
