Far Eastern Polytex (Vietnam): Ten Years of Striving for Dreams, Creating a New Chapter of Sustainability Together

        In the warm monsoon of the southern region, on a land carrying endless hope, Far Eastern Polytex (Vietnam) (FEPV for short) has walked through ten years of spring and autumn with resilience. This is not only an expansion of the company's territory, but also a symphonic poem of coexistence and prosperity with Vietnam. Today, standing at this milestone and looking back, every step taken since then is deeply engraved with Far Eastern's soul of "sincerity, diligence, simplicity, and innovation", and also confirms our steadfast commitment to a "sustainable future".

                Origin: Gazing at the southern land, the grand plan begins to bloom

        The prologue of the story begins with a thoughtful consideration that crosses mountains and seas. In 2014, Far Eastern Group recognized the thriving vitality of the South China Sea pearl, Vietnam. After numerous careful evaluations, it was established as another important cradle for the group's future dreams. Douglas Hsu personally set foot on this land and ultimately selected Baopeng Industrial Zone in Pingyang Province as the starting point for his expedition in May 2015. When the Governor of Pingyang Province personally issued the heavy investment license, a grand dream was officially announced and set sail.

        The first phase of Far Eastern Polytex (Vietnam) investment aims to build the first vertically integrated factory in Pingyang Province. This ambition continues to expand over time, and a modern kingdom of chemical fibers and textiles stands tall. In order to capture market trends more sensitively, at the end of 2017, the company set up an office in the economic heart of Ho Chi Minh City. The design team focused on the themes of "light" and "openness", allowing the sunshine of the southern region to freely fall and creating a flowing and bright space. This is not only a geographical extension, but also a shining beacon for Far Eastern Polytex (Vietnam) to deeply cultivate Vietnam and embrace the international community.

        Forge and cultivate deeply: Poems watered by sweat

        The long and arduous road to building a factory is a race against time, a struggle against difficulties. As the construction of each factory gradually unfolds, like the wings of an eagle, it drives the group to soar. From the main structure of civil engineering to equipment debugging, from technical training to expert support, every detail embodies Far Eastern's craftsmanship spirit of striving for excellence. These budget investments are not only cold numbers, but also the deepest investment and belief in future productivity, and are the epic of struggle woven by countless Far Easterners with sweat.

                Talent oriented: sowing the seeds of hope

        As the roar of machines echoes through the factory, we are more aware than ever that the cornerstone of a company's longevity lies in its people. Faced with the challenge of a relative shortage of local chemical and IT talents, Far Eastern Polytex (Vietnam) has made talent development its core strategy from the beginning, rooted locally, and cultivating professional teams that can grow together.

        Comprehensive operational training ensures that local employees are proficient in operating modern equipment; Quality control training lays a solid foundation for product quality. What is even more milestone is the clear strategy of "promoting the localization of department level cadres", which is the inheritance of skills and the trust and delegation of management responsibilities, making Vietnamese employees the backbone of enterprise development.

        Persisting during the epidemic: a resilient fortress in tempering

        In 2021, the Delta variant virus swept through southern Vietnam, and the province of Binh Duong, where Far Eastern Polytex (Vietnam) is located, became the center of the storm. The factory was forced to implement "three on-site" closed production for 233 days, and thousands of employees made the factory their home and the production line their battlefield, guarding the lifeline of production.

        Fortunately, the epidemic prevention team had already deployed ahead of schedule and completed PCR testing for all personnel before implementing the "three on-site" measures, effectively blocking the risk of clustering from the source. The team urgently rented residential properties, set up standard quarantine areas, stored key epidemic prevention materials, trained rapid screening personnel, and fought for valuable vaccines. In addition, the company also produces medical grade masks, which are not only self-sufficient but also have spare capacity to support friendly factories.

        In this life and death battle against the virus, Far Eastern Polytex (Vietnam) has maintained a production rate of over 80%, which is undoubtedly a remarkable achievement compared to the severe situation of factories shutting down around it. Therefore, the company has been listed as a "benchmark enterprise for epidemic prevention" by the Pingyang Provincial Government and has won the Far Eastern Group Spirit Award in the "Corporate Image Category" of the group. Under the tempering of the epidemic, it has demonstrated unparalleled resilience and corporate citizenship.

        The Home Symphony Composed Together: Promise of Temperature and Care

                At Far Eastern Polytex (Vietnam), the leap in production capacity and the human centered approach have always been parallel trajectories. We firmly believe that employees are the most precious asset of a company. This belief, which originates from the bloodline of the group, has earned the company the titles of "Asia's Best Workplace" and "Diversity, Fairness, and Inclusion Award" for three consecutive years.

        The company and the union are the strongest guardians of this warmth. The union adheres to the principle of "unity action for labor" and works hand in hand with the company to turn care into action. From the football league that ignites team spirit, the regenerative fashion competition that inspires creativity, to the melodious singing competition, every activity enhances employees' sense of belonging and pride.

        This care is like spring rain silently moistening things, permeating into daily life. Whether it's warm gifts covering all holidays, health conscious "union meals" and nutritional supplements, or the laughter at the year-end party, every detail reflects meticulous care. This love extends from within the company to society, and through active charitable actions, every colleague wearing Far Eastern Polytex (Vietnam) uniforms feels honored.

        In the future, the union will aim to 'leave no one behind' and continue to be the most trusted partner of colleagues, making Far Eastern Polytex (Vietnam) not only a production base that contributes to the economy, but also a 'home' built by everyone.

        Digital Innovation: A Concerto Empowered by AI

        Faced with the challenges of globalization, Far Eastern Polytex (Vietnam) is driving sustainability development with digital innovation, creating an "Agile Digital Mobility Platform". In just seven months, nearly 300 Power BI reports were independently developed by employees, making "talent empowerment" a reality.

        In 2025, the independently developed AI platform "Far Eastern Group AIFE 3.0" will achieve data integration across Taiwan, Shanghai, and Vietnam. Its intelligent engine can parse multilingual documents, automatically handle repetitive tasks, and improve overall communication efficiency by 20%, injecting strong momentum into the sustainability development of enterprises.

        Green Promise: Steps towards Net Zero

                As a leading global enterprise, Far Eastern Polytex (Vietnam) regards environmental sustainability as its core mission and is firmly committed to achieving comprehensive net zero emissions by 2050. At present, greenhouse gas inventory has been completed for three consecutive years and has been internationally verified by ISO 14064, laying a scientific basis for precise carbon reduction.

        In order to achieve the goal of halving emissions in category one and category two by 2030, Far Eastern Polytex (Vietnam) has taken a series of practical carbon reduction measures: "fuel conversion" is the core strategy, and the company is gradually converting coal into clean energy sources such as rice husk pellets and natural gas; In terms of the application of renewable energy, the plan for solar power generation has been approved, and large-scale natural gas electricity cogeneration plants are also being planned. At the same time, the company continues to improve "energy efficiency" and finely manage water resources and waste... This production base is gradually transforming into a low-carbon, efficient green factory, becoming a pioneer in recycled economy.

        Gonghao Community: Giving Back to the Soil with Warmth

        Far Eastern Polytex (Vietnam) deeply understands that the development of a business is inseparable from the prosperity of its community. During the epidemic, the company generously donated to comfort post epidemic orphans; The emphasis on education has been consistent, with the establishment of scholarships for impoverished students for several consecutive years; In the medical field, donate funds to renovate hospital wards and improve the medical environment; Good deeds have also extended from caring for the blind association to assisting flood victims, and collaborating with shopping malls to hold "Ecological Day" to deeply plant environmental protection concepts in the hearts of the next generation... These little things have painted a beautiful picture of coexistence and prosperity between enterprises and communities.

                Looking ahead to the future: Embarking on a sustainable new era

        Looking back ten years, Far Eastern Polytex (Vietnam) has established deep roots and grown vigorously in Vietnam. Looking ahead to the future, the company will continue to leverage its vertical integration advantages in core areas such as solid aggregation, short fibers, long fibers, and industrial silk, strengthen niche products, expand production capacity, and consolidate its market leadership position. In the Far Eastern Dyeing&Finishing (Suzhou) field, we focus on high value-added products, deeply cultivate brand customers, and move towards the goal of independent brands and high net profit margins. And the core of all development will revolve around the solemn commitment to net zero carbon emissions by 2050. In addition, investment in 'people' will never cease, the pace of digital transformation will never stop, and care and feedback to society will remain the same. The company will continue to uphold the spirit of Far Eastern Group and take a more determined step towards a new future of green, smart, and shared prosperity with everyone on this vibrant land.

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