Taiwanese company continues investment in Binh Duong

The Taiwanese Kingtec Group is going to build a US$30 million plant in My Phuoc 3 Industrial Zone, Ben Cat District in the southern province of Binh Duong.

(Photo: SGGP)

On June 24, the group signed a tenancy agreement with Becamex IDC Company.

Kingtec has implemented a project to evacuate their plants from China to other nations including Vietnam, where has advantageous investment environment, said the group chairman Soddy Huang.

The group has a lot of plants in China operating in various fields including lighting devices, interior furniture, automotive thermoelectric generators and other electronic components.

By Dinh Ly – Translated by Hai Mien

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