Multinational Chinese electronics firm TCL has registered to build two factories to produce speakers, headphones and other accessories in the northeastern province of Quang Ninh.

A rendering of TCL's plant in Binh Duong Province. The firm is waiting for approval to build two more plants in Quang Ninh Province. — Photo vietnamfinance.vn

TCL to build two plants in Quang Ninh Province

14/07/2019

Multinational Chinese electronics firm TCL has registered to build two factories to produce speakers, headphones and other accessories in the northeastern province of Quang Ninh.

SR Vietnam | Business News & Business Solutions

TCL is waiting for approval from the province. The two manufacturing plants would be located in Dong Mai Industrial Park in Quang Yen District. Once in operation – in May 2020 if all goes according to plan – they will create 2,000 jobs for local people.

In the meantime, TCL’s secondary investors are studying other production facilities in the industrial park.

TCL announced the news at a meeting with Quang Ninh People’s Committee on Wednesday, held to explore investment and co-operation opportunities at the province’s industrial parks.

Nguyen Van Thang, chairman of the provincial People’s Committee, said the province would create favourable conditions for TCL and its secondary investors to carry out the projects.

However, Quang Ninh would not seek to attract investments at all costs, Thang said, but would instead promote selective FDI projects towards sustainable development and environmental protection.

The province will give priority to projects using advanced and environmentally friendly technologies.

Established in 1981, TCL focuses on designing, developing, manufacturing and distributing electronic products, including television sets, mobile phones and other small electrical appliances. It has 22 production bases worldwide, employing 75,000 people and operating in 160 markets.

It entered Viet Nam in 1999. In 2018, its sales rose by 50 per cent from the previous year and its television brand was the fourth largest in the country.

In February, TCL started construction of a new TV production plant in the southern province of Binh Duong with a total investment of US$54 million. The factory is expected to serve the Viet Nam, Southeast Asia, US and EU markets to meet the increasing demand for high quality TVs. — VNS

Source: Bizhub.vn

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