TBS Group signed a memorandum of understanding with Ahmad Luthfi, Governor of Central Java, Indonesia, on plans to invest about 30 million USD in a large-scale industrial complex in the province. The complex is expected to create jobs for about 10,000 local workers, with footwear design capacity of 8–10 million pairs per year and phase one targeting about 4–5 million pairs per year. The project opens room to expand cooperation into other industries, with specific details still to be studied in line with Indonesian law and investment procedures. Founded in 1989, TBS Group has produced for brands such as Skechers, Coach and Decathlon and is pursuing a more diversified production network. The article also describes the cross-shareholdings between the group's chairman and several real estate, logistics and listed companies.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Một tập đoàn tư nhân Việt Nam dự chi khoảng 30 triệu USD để xây dựng tổ hợp sản xuất công nghiệp ở nước ngoài
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Vietnamforeign investmentIndonesia
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VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 11/02/2026 | 1,710.72 |
| Change that session | -1.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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