“The new factory will save production and delivery costs, while helping industry integration,” a company official told the Taipei Times by telephone yesterday. The company is investing NT$500 million (US$16.07 million) in the Vietnamese plant, which is expected to have an annual output of NT$1.5 billion, he said. Products made in Vietnam and exported to other southeastern Asian and Oceania nations enjoy preferential tax rates of between 5 and 10 percent, thanks to the Regional Comprehensive Economic Partnership and other free-trade agreements, he said. In addition, the relocation of plants by other companies to southeastern Asian nations would also helps boost sales, it said. Bright Sheland has two plants in Yunlin County’s Technology-based Industrial Park (雲林科技工業園區) and one in Kunshan, China, for the Chinese market.

Source: Taipei Times July 05, 2019 15:56 UTC