At the visit and working session, Mr. Yeh Ming Yuh - General Director of Polytex Far Eastern Co., Ltd., stated that the company belongs to the Far Eastern Group, one of the world's top 500 enterprises. The company invested in building a factory in Bau Bang Industrial Park in 2015, specializing in the production of synthetic fibers, finished dyeing and weaving, and garment manufacturing with an initial investment of 274.2 million USD. This is the first integrated petrochemical and textile plant in Binh Duong province.
Overview of the working session at Polytex Far Eastern Co., Ltd
Mr. Yeh Mig Yuh – General Director of Polytex Far Eastern Co., Ltd. speaks at the meeting.
Mr. Yeh Ming Yuh expressed his gratitude to the PPC for facilitating the successful expansion of the company's second phase. In 2025, the company plans to expand its investment by an additional 700 million USD. Additionally, he requested the PPC to direct relevant departments and agencies to expedite the completion of environmental impact assessments, issue land titles for the worker dormitory, and construct a 110kV substation due to the company's machinery and equipment requiring a 110kV power supply.
Representatives from various departments and agencies answered questions from Polytex Far Eastern Co., Ltd.
The company's proposals and suggestions have been specifically addressed and guided by representatives of relevant departments and agencies.
Mr. Bui Minh Thanh – Vice Chairman of the PPC speaks at the working session.
Discussing with the company's executives, Vice Chairman of the PPC Mr. Bui Minh Thanh praised Polytex Far Eastern Co., Ltd. as the largest foreign-invested enterprise in Binh Duong with a long history of reputable operations.
The Vice Chairman of the PPC expressed his understanding of the company's difficulties, particularly regarding its electricity needs. He requested that relevant departments and agencies promptly address these issues to ensure the company's stable production and future development. Regarding matters beyond the province's authority, Mr. Bui Minh Thanh stated that the province will petition the central ministries and agencies to facilitate and remove obstacles to the sustainable development of the enterprise. At the same time, the province hopes that the company will continue to operate efficiently and contribute to the socio-economic development of the province.
Mr. Bui Minh Thanh – Vice Chairman of the PPC (right side) presents a souvenir to Mr. Yeh Ming Yuh – General Director of the Polytex Far Eastern Co., Ltd.
* At a working session at Kumho Viet Nam Tire Co., Ltd., Mr. Kim Huyn Ho - General Director of the company, revealed that the company is a subsidiary of Kumho Tire Corporation (South Korea) and currently ranks 10th in the tire manufacturing industry. Kumho Viet Nam Tire Co., Ltd. was established in My Phuoc 3 Industrial Park in 2007. The company specializes in manufacturing passenger cars and light truck tires with an initial investment of 308 million USD.
Overview of the working session at Kumho Viet Nam Tire Co., Ltd.
Mr. Kim Huyn Ho - General Director of the Kumho Viet Nam Tire Co., Ltd. speaks at the working session
In 2025, the company is investing in the expansion of its production facilities phase 2 and phase 2 (expansion). Therefore, the company requests that departments and agencies facilitate and give guidance through the complete acceptance procedures to finalize phase 2 expansion, especially for fire protection and firefighting systems.
Representatives from various departments and agencies answered questions from Kumho Viet Nam Tire Co., Ltd.
Mr. Bui Minh Thanh – Vice Chairman of the PPC speaks at the working session.
Speaking at the working session, Mr. Bui Minh Thanh - Vice Chairman of the PPC highly appreciated the company's contributions to the socio-economic development of the province. He acknowledged the company's difficulties and committed to promptly addressing them as soon as possible.
Mr. Bui Minh Thanh – Vice Chairman of the PPC presents a souvenir to Mr. Kim Huyn Ho - General Director of the Kumho Viet Nam Tire Co., Ltd.