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Far Eastern Group, a prominent conglomerate from Taiwan, has announced an additional investment exceeding $250 million to expand its factory in Binh Duong.
Vietnam remains attractive among foreign investors despite COVID-19 21:13 | 01/06/2021
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Hanoi - Vietnam is still a popular investment destination for foreign investors, who poured 14 billion USD into the country during the first five months of the year.
With COVID-19 raging, the Regent Garment Factory Ltd., a subsidiary of Hong Kong (China)âs Crystal International Group Limited, still submitted a request to the northern province of Hai Duong to open a new 35 million USD garment factory in the locality. The request was approved last week.
The investment in the third factory confirms the company s long-term interest in Vietnam.
Five other investors also received investment licences in the southern industrial hub of Binh Duong province. The largest investment came from Taiwan (China)âs Far Eastern Group, with an additional 610 million USD for its Polytex Far Eastern factory, which already has investment of nearly 600 mil