Bangkok: AMATAV has set an ambitious goal of selling 500 rai of land in Vietnam by 2025, with an expected total revenue of 6 billion baht. In the first half of the year, the company has already achieved 20% of its land sales target.

According to Thai News Agency, Ms. Somhathai Phanitchawiwa, Director and Chief Executive Officer of Amata VN Public Company Limited (AMATAV), stated that the company will continue its strategy of expanding industrial estates to attract foreign investors. The company plans to launch new projects in Quang Tri Province, a strategic hub for transportation and logistics in Vietnam.

Vietnam’s economy is showing positive signs, with a GDP growth of 7.52% in the first half of the year, marking the highest rate since 2011. Foreign direct investment in Vietnam has also reached a five-year high, with significant contributions from Singapore, South Korea, and China. The Vietnamese government’s focus on restructuring its administrative framework and accelerating infrastructure development is enhancing FDI attraction, benefiting AMATAV in the long term.

For the first half of 2015, AMATAV reported a total revenue of 1,983 million baht, which is an 18% decrease compared to the previous year. The net profit stood at 93 million baht, reflecting a 6% decline. The revenue breakdown includes 628 million baht from real estate sales, showing a 30% increase. Meanwhile, utility revenue fell by 31% to 1,311 million baht due to reduced utility use at Amata City Long Thanh (ACHL). Rental revenue experienced a 2% increase to 14 million baht, and other income decreased by 15.73% to 6.36 million baht.