Bangkok: Amata VN Public Company Limited has announced optimistic financial results for 2024, driven by a significant increase in land sales.
According to Thai News Agency, the company reported a total income of 5,379.40 million baht and a net profit of 100.06 million baht for the year. The majority of land sales were attributed to the Amata City Ha Long Industrial Estate. Amata VN ended 2024 with a backlog of 22 hectares, or approximately 130 rai, which is expected to be transferred in 2025, supporting the company’s continuous revenue growth.
Mrs. Somhatai Panichewa, Director and CEO of Amata VN, stated that the company aims to sell 100-110 hectares of land in Vietnam’s industrial estates in 2025, marking a 30-40% increase from the 75 hectares sold in 2024. Amata City Ha Long Industrial Estate in northern Vietnam is expected to account for 60-70% of total sales, driven by strong demand for large plots from customers.
The investment landscape in Vietnam is favorable due to domestic reforms that reduce permit costs and time, alongside tax privileges that incentivize export-oriented production. Vietnam’s low production costs and strategic position as a regional trade hub continue to attract foreign investors. Amata VN is exploring new investment opportunities, including a potential new industrial estate project with an estimated budget of 15-20 million USD. By 2026, the company plans to develop a new industrial estate of approximately 500 hectares, or 3,000 rai, investing in both land and construction.
Mrs. Somhatai further highlighted Vietnam’s appeal amid global economic uncertainties and shifting international trade policies. The country is becoming an attractive destination for foreign investors, particularly in the electronics and semiconductor sectors, due to its advanced technological infrastructure and convenient transportation options.
