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Thứ 5, Ngày 22/06/2023, 12:00
Far Eastern Group continues to expand investment in Binh Duong
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22/06/2023

​PORTAL - On the afternoon of June 21, at the Administration Center of Binh Duong province, Mr. Vo Van Minh - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee (PPC) received and worked with Mr. Yeh Ming Yuh - General Director of Polytex Far Eastern Viet Nam Co., Ltd.

​At the meeting, Mr. Yeh Ming Yuh said, Polytex Far Eastern Viet Nam Co., Ltd. belongs to Far Eastern Group - listed in TOP 500 large global enterprises. The company invested in building a factory in Bau Bang Industrial Park, Binh Duong province in 2015 specializing in the production of synthetic fibers, dyeing and finishing textiles and garments.

Over the past time, Far Eastern Group has been constantly developing and growing on a global scale, especially in Viet Nam, more and more attention has been paid to expanding investment. Especially, in 2021, the Group has expanded the scale of the factory in Bau Bang Industrial Park with an additional registered investment capital of 610 million USD, bringing the total investment capital after the increase to 1 billion 370 million USD.

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Overview of the reception and meeting

In the third quarter of 2023, the Company will continue to invest more than 250 million USD in Binh Duong, becoming the largest investment project in the province. According to the plan, the Company will invest in expanding the production line with super-strong fiber products (applied in the production of seat belts, airbags, tire inner liner, etc.).

Responding to green transformation in production, the Company will also build a solar power plant to provide electricity for production. Polytex Far Eastern Company commits to invest in Binh Duong towards green and sustainable development; train high-quality human resources, join hands with Binh Duong to strengthen social responsibility to protect the environment and workers.

Regarding the construction of the Company's 3rd investment expansion project, Mr. Yeh Ming Yuh also proposed the provincial leaders to consider and assist in handling some problems related to the project approval process and the demand for electricity for production.

Talking to Mr. Yeh Ming Yuh, the PPC Chairman Vo Van Minh said that at present, Far Eastern Polytex Co., Ltd. is the enterprise with the largest investment capital in Binh Duong with more than 1.37 billion USD and reputation for many years. Binh Duong is focusing on completing infrastructure in a synchronous manner, simplifying administrative procedures, convenient in investment, promoting socio-economic development. Welcoming the Company's investment plan in the coming time, the PPC Chairman Vo Van Minh suggested the specialized departments and branches to actively coordinate and support the Company to implement the project quickly and smoothly. At the same time, he affirmed that Binh Duong provincial government will accompany and support the Company to quickly solve difficulties and problems, promote more efficient production in the coming time and hoped that Far Eastern Polytex Co., Ltd. will continue doing business effectively, contributing to the socio-economic development of the province.


Delegates take a souvenir photo

​Reported by Doan Trang- Translated by Thanh Tam​​​

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