Thứ 4, Ngày 30/03/2022, 08:00
Vice Chairman of Provincial People's Committee Nguyen Van Danh receives Polytex Far Eastern Vietnam Co., Ltd
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​PORTAL - On the morning of March 29, at the Administrative Center of Binh Duong province, Mr. Nguyen Van Danh - Vice Chairman of the Provincial People's Committee received and worked with Mr. Yeh Ming Yuh - General Director of Polytex Far Eastern Vietnam Co., Ltd.​​

At the meeting, Mr. Yeh Ming Yuh said that Polytex Far Eastern Vietnam Co., Ltd., a member of Far Eastern Group, is listed in the TOP 500 global large enterprises, investing in Binh Duong province, mainly engaged in the production of synthetic fibers, finished textiles and dyeing and garments; have markets in America, Europe, Asia. Big brands such as Coca-Cola, Pepsi, Nike, Adidas, Decathlon, etc. are all important customers and strategic partners of the Company.

Over the past time, Far Eastern Group has been constantly developing and growing on a global scale, especially in Vietnam, it is more and more focused on expanding investment. By May 2021, the Group has expanded its investment for the second time, bringing the current total investment capital up to 1.37 billion USD, with synthetic fiber products and recycled products. According to the plan, the factory will carry out construction investment items, expected to put into production of long fiber (DTY) in the second quarter of 2022, long fiber (POY) in the fourth quarter of 2022 and recycled products (RPET) in the first half of 2023.

In 2021, despite being affected by the Covid-19 pandemic, the revenue of Polytex Far Eastern Vietnam compared to 2020 still increased by 34.3% (reaching 630 million USD), the expected revenue in 2022 is estimated at nearly 755 million USD. In the following years, the Company plans to continue to invest in expanding production lines with industrial fiber products (applied in the production of seat belts, airbags, ply in tires, etc.).


Vice Chairman of the Provincial People's Committee Nguyen Van Danh (right cover) receives and works with Mr. Yeh Ming Yuh - General Director of Polytex Far Eastern Vietnam Co., Ltd.

Regarding the construction of the Company's second investment expansion project, Mr. Yeh Ming Yuh also suggested that the provincial leaders consider and support to deal with some problems related to the approval process, regulations on building wastewater treatment systems and demand for electricity.

Talking to the Board of Directors of the Company, Vice Chairman of the Provincial People's Committee Nguyen Van Danh said that at present, Taiwan ranks first among 65 countries and territories investing in Binh Duong province with 856 projects and total investment capital of 6.22 billion USD; operating in the fields of footwear, garment, chemical fiber, textile dyeing, interior decoration furniture, food processing, plastic packaging, etc. Far Eastern Polytex Co., Ltd. is a Taiwanese enterprise with the largest investment capital with 1.37 billion USD and has been operating with prestige for many years.


Delegates take a souvenir photo

Over the past years, Binh Duong province has made great efforts in creating a fair, transparent and open business investment environment to help investors and enterprises feel secure to invest in production and business development. Vice Chairman of the Provincial People's Committee affirmed that the Binh Duong provincial government will accompany and support the Company to quickly solve the immediate difficulties, promote efficient production in the future. At the same time, he hoped that the Company would continue to develop business and contribute to the socio-economic construction of the province.

​Reported by Doan Trang- Translated by Thanh Tam

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