Teco committed US$50 million to project in Binh Duong

Taiwan‘s Teco Group announced that it will go ahead with its planned project at My Phuoc 3 industrial park in the southern province of Binh Duong despite the economic slowdown.

Teco President Theodore M. H. Huang made the commitment during a working session with the provincial People’s Committee on March 12.

The Chairman of the Committee, Nguyen Hoang Duong, welcome Teco’s decision and stressed that the province will create favourable conditions for the group to complete the project on time.

Under the project, Teco will build plants to produce electrical and electronic appliances using high technology for local consumption and export. It will use solar energy for production, which is environmentally friendly and in line with the province’s sustainable development policy.

VOV

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