Taiwan's Formosa Plastics Group is to move all of its textile plants from Taiwan to Vietnam and is planning to build a 600,000-kilowatt power plant there as well. Formosa plans to invest 12bn New Taiwan dollars ($366.36m) in constructing the 600,000-kilowatt power plant. It will also invest NTD2bn ($61.06m) to move its textile operations from Taiwan to Vietnam.