Additional project in supporting industry land in Binh Duong
The Far Eastern Group from Taiwan (China) is accelerating a 760 million USD project serving cloth and fibre production in southern Binh Duong province’s Bau Bang Industrial Park.
A corner of the Bau Bang Industrial Park in Binh Duong province (Source: Internet)
Binh Duong (VNA) – The Far Eastern Group from Taiwan (China) is accelerating a 760 million USD project serving cloth and fibre production in sout🎐hern Binh Duong province’s Bau Bang Industrial Park.
Earlier, the group established the Polytex Far Eastern Vietnam Ltd Company and injected 274 million USD in a project serving the garment and textile sector in the Bau Bang Industrial Park.
Deputy Chairman of the provincial People’s Committee Tran Thanh Liem said the Far Eastern Group’s plants will create jobs for about 7,500 locals and contribute to boosting the supporting industry for the garment and textile sector in the province.
The provincial People’s Committee is making its efforts so that the project will be completed in 2017.
According to the Binh Duong Garment-Textile Association, nearly 500 million USD in foreign direct investment (FDI) have been pumped into the garment and textile sector in Binh Duong after the signing of the Trans-Pacific Partnership (TPP) agreement.-VNA
Over 50 percent of the 1 billion USD in foreign direct investment that landed in the southern province of Binh Duong was poured into the garment sector in the first six months of this year, according to Nguyen Thanh Truc, Director of the provincial Department of Planning and Investment.
Taiwan-headquartered Far Eastern Apparel Vietnam Ltd. launched the construction of a 10-hectare garment factory in the southern province of Binh Phuoc on November 10.
More than 400 million USD in FDI have been pumped into the garment-textile sector in the southern province of Binh Duong after the signing of the Trans-Pacific Partnership Agreement.
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A corner of the Bau Bang Industrial Park in Binh Duong province (Source: Internet)
