An artist's rendition of an aerial view of Amata City Phu Tho.
SET-listed Amata VN, an industrial estate developer operating in Vietnam, is facing significant short-term challenges in the country as global investors delay industrial land purchases.Rising tariffs, geopolitical volatility and the ongoing Middle East conflict have created uncertainty, prompting investors to hold back on commitments and adopt a cautious "wait-and-see" approach.
Deputy chief executive Osamu Sudo said the Iran war has driven up logistics costs and disrupted global supply chains, while foreign exchange fluctuations have added further pressure.
He revealed that Amata VN's revenue in the first quarter of 2026 fell 19% year-on-year to 688 million baht. The slowdown in foreign direct investment has also weighed on Vietnam's industrial sector, though Mr Sudo emphasised that the company remains confident about the country's long-term prospects.
Despite these headwinds, Vietnam's economy continues to show resilience. The country's GDP expanded by 7.83% in the first quarter, marking its strongest first-quarter growth in a decade, supported by robust services and manufacturing sectors.
