Da Nang approves US$105 million WHA industrial park project

The municipal People’s Committee issued Decision No. 4602/QD-UBND on October 8, 2026, approving the investment policy and investor for the project.

The investor is WHA Industrial Development International (SG) Pte. Ltd., a subsidiary of WHA Group, Thailand’s leader in fully-integrated logistics and industrial facilities solutions.

The large-scale project will be located in Thang Binh and Dong Duong communes, Da Nang, with total investment of VND2.709 trillion (US$105 million).

Of the total investment, VND459.24 billion, equivalent to 16.95%, will come from the investor’s equity, while the remaining VND2.24976 trillion, or 83.05%, will be mobilized from other sources.

The project will have an operational term of 50 years from the date the State issues the land lease decision or approves the change of land-use purpose.

The 400-hectare industrial park will be developed in two phases. Phase 1, covering 200 hectares, is scheduled to run from the fourth quarter of 2027 to the fourth quarter of 2030. Phase 2, also covering 200 hectares, is planned for the first quarter of 2031 to the first quarter of 2034.

The investment preparation period is scheduled from the second quarter of 2026 to the fourth quarter of 2027. Site clearance and land handover are expected to take place from the fourth quarter of 2026 through the first quarter of 2031.

Basic construction and the commissioning or operation of facilities are expected to be completed within 72 months of the State handing over the land. Capital mobilization is scheduled from the third quarter of 2028 to the third quarter of 2030.

The municipal People’s Committee has assigned relevant municipal agencies to inspect and monitor implementation in accordance with the approved investment terms, planning regulations and applicable laws.

The investor is required to develop the project in line with its approved objectives, scale, location and schedule, while complying with regulations on investment, land use, construction, environmental protection and real estate business.

The investor must also allocate land for worker accommodation, service facilities and public amenities to serve employees, in accordance with approved planning requirements.