On February 28th, 2022, at the Administrative Center of Binh Duong province, Vice Chairman of the Provincial People’s Committee – Mr. Nguyen Van Danh received Ms. Bonnie Tu – Chairman of Giant Group with the Delegation coming to explore investment opportunities in Binh Duong.
At the meeting, the Vice-Chairman of the Provincial People’s Committee informed Taiwan ranked first among the countries and territories investing locally with more than 850 projects, which are working sustainably. Currently, Binh Duong is interested in attracting investment selectively in the direction of applying for advanced technology, less labor-intensive, and environmental protection. Industries of Giant Group to invest in Binh Duong are fields that the province encourages, attract investment.
Ms. Bonnie Tu said that Giant Group, established in 1972 in Taiwan, is famous in the world for its products, including bicycles and electric bicycles. The Group has factories and subsidiaries in Taiwan, the Netherlands, Hungary, and many other countries and territories.
After the meeting, The Group’s decision to invest in Binh Duong this time is mainly to increase production scale and meet the strong growth trend of global demand for bicycles and electric bicycles. Project in Binh Duong is built on an area of about 10 hectares with a total investment capital of phase I of over 50 million USD, exported to two key markets, the US and Europe. Giant Group wishes to receive support from the provincial government, creating favorable conditions for project implementation and investment in production effectively in Binh Duong.
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