Taiwan firm gets Binh Duong green light for $274m textile plant
 |
| Tran Van Nam (right) grants investment certificate to Chairman of Polytex Far Eastern Viet Nam. VNS Photo Thu Ngan |
With an investment of over US$274 million in the first phase, the company will build a 99ha plant to make supporting products including polyester and cotton yarn in the Bau Bang Industrial Zone.
It has not indicated when work on the second phase will start.
The project is highly anticipated since it is expected to spearhead the development of supporting industries in Viet Nam for the garment and textile industry at a time when Viet Nam is set to accede to the Trans Pacific Partnership Agreement.
Polytex Far Eastern Viet Nam is a member of the Far Eastern Group, which has interests in 10 different sectors ranging from petrochemicals, cement, and retail to hospitality, finance, and communications.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Vietnam can emulate Taiwanese high-tech success (April 17, 2024 | 21:00)
- Capital influx from Taiwan builds up steam in Vietnam (April 17, 2024 | 19:00)
- Chip industry taking on new players (April 17, 2024 | 16:38)
- Support rises in semiconductor chip development in Vietnam (April 17, 2024 | 16:00)
- Beacon Investment Fund to expand Lotus Group's F&B operations (April 17, 2024 | 11:09)
- Public investment progress requires a stronger thrust (April 17, 2024 | 09:21)
- Disbursement delay deemed unacceptable (April 17, 2024 | 09:13)
- Lack of sand prompts alternatives for traffic projects (April 17, 2024 | 08:00)
- Vietnam asks Apple to make it global production base (April 16, 2024 | 16:11)
- SK E&S and T&T Group research LNG project in Quang Tri (April 16, 2024 | 15:38)
Mobile Version