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Thứ 3, Ngày 01/03/2022, 14:00
Giant Group (Taiwan) will invest in a project of 50 million USD in Binh Duong
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01/03/2022

​PORTAL - On the afternoon of February 28, at the Administrative Center of Binh Duong province, Mr. Nguyen Van Danh - Vice Chairman of the Provincial People's Committee received and worked with the delegation of Giant Group (Taiwan) led by Ms. Bonnie Tu - Chairman of Giant Group coming to explore investment opportunities in Binh Duong.

At the meeting, Vice Chairman of the Provincial People's Committee Nguyen Van Danh welcomed Giant Group for coming to explore investment opportunities in Binh Duong. At the same time, he said, among the countries and territories investing in Binh Duong, Taiwan ranked first with more than 850 investors; so far it's still working very well. Currently, Binh Duong is interested in attracting investment selectively in the direction of applying advanced technology, less labor intensive and environmental protection, he emphasized. Therefore, the province highly encourages the fields and industries of Giant Group to invest and operate in Binh Duong.

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Vice Chairman of the Provincial People's Committee Nguyen Van Danh receives Ms. Bonnie Tu - Chairman of Giant Group

Talking to provincial leaders, Ms. Bonnie Tu said that Giant Group, established in 1972 in Taiwan, is famous in the world for its bicycle and electric bicycle business, manufacturing and supplying bicycle and electric bicycle accessories, bicycle touring service and public bicycle rental. The Group has factories in Taiwan, the Netherlands, and Hungary. In addition, the Group has subsidiaries operating in the US, Japan, Germany, France, Italy, UK, China, Australia, Canada, Korea, Poland and Mexico.

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Ms. Bonnie Tu presents a souvenir to Vice Chairman of the Provincial People's Committee Nguyen Van Danh​

After studying the environment, conditions and resources in Binh Duong, Giant Group realized that the province is a place with great potential and favorable conditions for investment and production expansion. The Group's decision to invest in Binh Duong this time is mainly to increase production scale and meet the strong growth trend of global demand for bicycles and electric bicycles. Giant's upcoming project in Binh Duong is built on an area of about 10 hectares, with a total investment capital of phase I of over 50 million USD and will increase more depending on the actual situation. Products will be exported to two key markets, the US and Europe. In the coming time, Giant Group wishes to receive support from the provincial government, creating favorable conditions for project implementation and investment in production effectively in Binh Duong.

 

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Delegates take a souvenir photo

​Reported by Doan Trang- Translated by Thanh Tam

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