Taiwanese firms launch 19-mln-USD production area in Binh Duong

A ground-breaking ceremony for a 19-million-USD production area funded by investors from Taiwan (China) took place in the Bau Bang Industrial Park of southern Binh Duong province on November 24.
Taiwanese firms launch 19-mln-USD production area in Binh Duong ảnh 1A view of the production area (Photo: VNA)

Binh Duong (VNA) – A ground-breaking ceremony for a 19-million-USD production area fundedby investors from Taiwan (China) took place in the Bau Bang Industrial Park ofsouthern Binh Duong province on November 24.

The 13-hectare area isinvested by four Taiwanese firms – DDK Vietnam, Yi Xing, T-Star and Every Young companies, which are specialised inreal estate, factory leasing, industrial infrastructure investment consultation,environmental protection equipment, electricity and aluminum productproduction.

The construction ofthe area is considered the start in forming a concentrated production clusterof Taiwanese firms in Binh Duong, with total planned investment of 200 millionUSD on an area of 80 hectares at the IP.

Addressing theceremony, Vice Chairman of the Binh Duong People’s Committee Tran Thanh Liemhailed the Taiwanese firms’ investment in the Bau Bang Industrial Park, as wellas their contributions to local socio-economic development.

Liem vowed to supportand create optimal conditions for the investors during their operation in thelocality, while expressing his hope that Binh Duong will continue to be afavourite destination for Taiwanese enterprises.

Statistics showed thatTaiwan (China) is the current leading foreign investor in Binh Duong with 772projects worth over 5.5 billion USD.-VNA
VNA

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