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Thứ 3, Ngày 23/04/2024, 11:00
Giant Group expands investment in Binh Duong
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23/04/2024

PORTAL - On the afternoon of April 22, at the Administration Center of Binh Duong province, Mr. Mai Hung Dung - Member of the Provincial Standing Party Committee, Standing Vice Chairman of the Provincial People's Committee (PPC) received leaders of Giant Group led by Ms. Bonnie Tu – Chairwoman of Giant Group.


​At the meeting, Ms. Bonnie Tu said that in 2021, Giant Group invested in building a factory in Viet Nam - Singapore Industrial Park (VSIP) II-A of Binh Duong province, with phase 1 investment capital of about 60 million USD and the long-term scale of the project is to produce 1 million bicycles per year.

After operating in Binh Duong province, Giant Group realized there were many opportunities to expand its scale and develop further. The Binh Duong provincial government has always supported and created favorable conditions for the Group.


Standing Vice Chairman of the PPC Mai Hung Dung receives Ms. Bonnie Tu - Chairwoman of Giant Group

In the near future, the Group will continue to invest in building another production factory at VSIP III with a scale of about 120 million USD. Ms. Bonnie Tu thanked the provincial leaders for always paying attention and hoped that departments and branches would continue to support the Group in quickly completing legal procedures to implement the project on schedule.

 

Standing Vice Chairman of the PPC Mai Hung Dung presents a souvenir to Ms. Bonnie Tu - Chairwoman of Giant Group

Standing Vice Chairman of the PPC Mai Hung Dung welcomed Giant Group's investment expansion plan. At the same time, he directed departments and branches to continue paying attention and timely supporting procedures for the project. Binh Duong will always accompany enterprises to invest and produce effectively.

 

Delegates take a group photo

Giant Group, founded in 1972 in Taiwan (China), is famous in the world for its 4 main business areas: manufacturing bicycles and electric bikes (e-bikes), manufacturing and supplying bicycles and electric bike accessories, bicycle tours, and public bicycle rental services. In 2020, Giant's global output reached 6.5 million units, nearly doubling compared to 2018 with only about 3.7 million units. In 2021, the Group's profit was 81.8 billion NTD (equivalent to 2.95 billion USD).

The group currently has more than 15 factories in the Netherlands, Hungary, China, and Viet Nam. The Group decided to invest in Viet Nam mainly to increase production scale, meeting the strong growth trend of global demand for bicycles and electric bikes. In addition, the Group also has subsidiaries operating in the US, Japan, Germany, France, Italy, the UK, China, Australia, Canada, South Korea, Poland, and Mexico.

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