Vietnam's Economic Strength Supports 'Amata City Phu Tho' Project to Attract Foreign Direct Investment
Amata Vietnam reported Q1 revenue of 688 million baht, down 19% due to reduced land transfers, but maintains stable utility income as it develops the Amata City Phu Tho industrial park to capitalize on Vietnam's strong 7.83% economic growth
Osamu Sudo, Deputy Executive Officer of Amata Vietnam Public Company Limited (AMATAV), disclosed the company's Q1/2026 operational results, reporting combined revenue of 688 million baht, down 19% year-over-year, resulting in a net loss of approximately 2 million baht. The revenue decline stems from reduced land transfer income, which follows normal cycles in property transfer transactions.
Despite this, the company maintains steady recurring income from utility service operations, generating continuous cash inflow aligned with business development plans. The company continues to face challenges from shifting global economic geopolitical factors, rising energy costs, and their impact on new investment expansion.
Sudo stated that the company maintains efficient financial cost management, resulting in a 30% increase in financial income to 16 million baht. As of Q1/2026, total assets stood at 13,887 million baht, up 1.98%, with shareholders' equity at 6,511 million baht, up 3.66%. The debt-to-equity ratio remained at 1.1 times, at a manageable level.
Amata Vietnam is developing the Amata City Phu Tho project (Doan Hung Industrial Park) on 475.67 hectares (approximately 2,970 rai), focusing on advanced technology and green industries. The project is divided into two phases: Phase 1 (2025-2029) covers 239.43 hectares for infrastructure development, while Phase 2 (2029 onwards) encompasses 236.24 hectares with a 50-year concession period.
The project targets attracting global investors, particularly in advanced technology and environmentally friendly industries. "Global economic pressures may slow foreign direct investment in the short term," Sudo noted, "but long-term positive factors remain, including manufacturing base shifts from China seeking industrial park land for continued operations."
Vietnam's economy grew 7.83% in the first quarter, the highest in Southeast Asia, despite facing energy cost pressures, inflation, and U.S. tariff risks. FDI inflows continue to rise, reflecting global investors' confidence in Vietnam as Asia's new manufacturing hub.
According to Vietnam's Finance Ministry statistics, actual FDI disbursements in Q1/2026 reached $7.4 billion, up 9.8%, while new FDI including capital increases and share acquisitions totaled $18.24 billion, up 32% year-over-year.
Amata Vietnam remains committed to developing industrial cities following an "ALL WIN" approach, targeting the transformation of these industrial cities into Carbon Neutral Cities by 2040.
