14:18 | 01/12/2017 Investment
(VEN) - 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.
|A view of the production area - Photo: VNA|
The 13-hectare area is invested by four Taiwanese firms – DDK Vietnam, Yi Xing, T-Star and Every Young companies, which are specialised in real estate, factory leasing, industrial infrastructure investment consultation, environmental protection equipment, electricity and aluminum product production.
The construction of the area is considered the start in forming a concentrated production cluster of Taiwanese firms in Binh Duong, with total planned investment of 200 million USD on an area of 80 hectares at the IP.
Addressing the ceremony, Vice Chairman of the Binh Duong People’s Committee Tran Thanh Liem hailed the Taiwanese firms’ investment in the Bau Bang Industrial Park, as well as their contributions to local socio-economic development.
Liem vowed to support and create optimal conditions for the investors during their operation in the locality, while expressing his hope that Binh Duong will continue to be a favourite destination for Taiwanese enterprises.
Statistics showed that Taiwan (China) is the current leading foreign investor in Binh Duong with 772 projects worth over 5.5 billion USD.