WHA Industrial Development International (SG) Pte. Ltd., a Thailand-based industrial estate developer, has proposed a $105 million industrial park covering about 400 hectares in the central city of Danang, targeting high-tech industries, electronics, engineering, logistics and other sectors.
Danang People’s Committee Chairman Nguyen Manh Hung on Wednesday met with Pajongwit Pongsivapai, CEO of WHA Industrial Development, and a delegation visiting the city to study investment opportunities.
At the meeting, the WHA executives reported on their research and investment proposals in Danang, with a focus on the construction and operation of infrastructure at the proposed WHA Danang Industrial Park.
Danang City People’s Committee Chairman Nguyen Manh Hung meets with Pajongwit Pongsivapai, CEO of WHA Industrial Development. Photo courtesy of the company.
Under the plan approved by the city, the industrial park would be developed as a multi-sector facility, prioritizing industries such as automotive manufacturing, engineering, electrical and electronics, telecommunications, healthcare, high-tech industries, logistics and environmentally friendly businesses.
The project would cover about 400 hectares in Thang Binh and Dong Duong communes in Danang, with estimated investment of nearly VND2.71 trillion ($104.53 million).
The project is expected to have an operating term of 50 years from the date the state decides to lease the land or change its land-use purpose. Construction is expected to take 72 months from the date the state hands over the land.
At the meeting, Hung welcomed WHA’s investment research and said the city was keen to attract major groups with the capacity to invest in sectors aligned with its development strategy, particularly high-tech industries.
Danang would accelerate relevant procedures and facilitate WHA’s efforts to complete procedures for investment policy approval, investor approval and project implementation, the city chairman said.
City departments and agencies were instructed to closely coordinate and proactively prepare for land acquisition, site clearance, compensation, support and resettlement to ensure the project’s schedule.
The city leader also asked WHA to proactively prepare resources, accelerate investment procedures, build industrial park infrastructure, and promote the attraction of tenants, with the aim of putting the project into operation as soon as possible.
Earlier, the Danang Hi-Tech Park and Industrial Zones Authority announced that it had received an application seeking simultaneous approval of the investment policy and investor for a project to develop and operate an industrial park west of the expressway section running through the former Thang Binh district in the former Quang Nam province (now part of Danang after their merger last July).
The proposed investor is WHA Industrial Development International (SG) PTE. LTD. The project aims to develop and operate industrial park infrastructure covering more than 400 hectares in Thang Binh and Dong Duong communes.
Under the master plan, the industrial park is intended to become a multi-sector facility prioritising clean, low-pollution industries and the use of modern, advanced and smart technologies in management and operations.
The project is also designed to link with other industrial parks while meeting required sanitary buffer distances between industrial facilities and residential and public areas.
WHA is a Thailand-based developer of integrated industrial estates, logistics and utility solutions. It currently invests in and operates several industrial parks in Vietnam, including WHA IZ 1 Nghe An, WHA Industrial Zone 2 – Nghe An and WHA Smart Technology 1 in Thanh Hoa.
FDI into Danang continues to rise
WHA’s proposal comes as Danang sees a sharp increase in the scale of registered investment capital.
According to the Danang Statistics Office, newly registered capital of domestic projects and additional capital of operational domestic projects reached VND187.2 trillion ($7.22 billion) in the first eight months of 2026, up 182.9% from the same period in 2025.
The city granted investment approval for 66 new projects, down 5.7%, but their total registered capital exceeded VND96 trillion ($3.7 billion), up 114.8%. The slight decline in the number of new projects alongside a sharp increase in registered capital indicates that the average investment size of new projects has improved.
During the same period, 28 projects increased their investment capital, up 3.7%, with additional capital of VND91.2 trillion ($3.52 billion), up 325% from a year earlier.
On the other hand, 13 domestic projects ceased operations in the first eight months, up 160% year-on-year, with total registered capital of VND1.5 trillion ($57.87 million), an increase of 103.2%.
For foreign direct investment (FDI), Danang attracted total capital of $682 million in the eight-month period, up 186.6% from a year earlier.
The city granted approval for 100 new FDI projects with total registered capital of $522 million, representing increases of 29.9% in the number of projects and 258.2% in capital.
Another 38 projects increased their registered capital, up 11.8%, with total additional capital of $142 million, up 99.8%. There were 30 instances of capital contributions and share purchases, up 42.9%, with a total value of nearly $17 million, down 18.5% year-on-year.
Meanwhile, 14 projects ceased operations, down 39.1%, with total registered capital of more than $133 million, up 14.9% from the same period last year.
The Danang Statistics Office said investment attraction in the city had produced positive results, with both domestic and foreign investment rising sharply from a year earlier. Investment scale had improved, although the number of projects in some categories had not increased correspondingly.
Going forward, Danang leaders said the city needs to continue removing procedural obstacles, closely monitor implementation and disbursement progress for approved projects, and focus investment promotion efforts by sector, partner and market. These efforts should help turn registered capital into actual resources for socio-economic development.