The ground-breaking ceremony of Far Eastern Apparel Vietnam Company's second plant in Vietnam. (Photo: http://unicons.com.vn)
Far Eastern Apparel Vietnam Company Ltd., a subsidiary of Taiwan’s Far Eastern Apparel Group, on November 10 started building a garment factory in Bac Dong Phu Industrial Park in the southern province of Binh Phuoc.
This is the second manufacturing facility of the firm in Vietnam after the first one in Binh Duong province.
The factory will be built on an area of 10 hectares in two phase at a cost of 187 billion dong ($8.3 million). It is slated for operation next February with 36 production lines, employing some 4,000 workers in phase one.
A wide array of foreign textile and apparel companies have set production bases in Vietnam to capitalize on low labor costs and opportunities from a landmark Pacific Rim trade deal.
Taiwanese apparel maker Eclat Textile, whose clients include Nike and Adidas, last month announced a plan to invest $50.5 million to upgrade two plants in Vietnam’s two southern provinces adjacent to Ho Chi Minh City.