CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
China TCL to produce speakers, headphones in northern Vietnam
Ngoc Thuy 11:01, 2019/07/12
TCL expected these projects to start operation in May 2020 and create jobs for 2,000 locals.
China’s multinational electronics firm TCL has registered two projects producing speakers and headphones in an industrial park located in the northern province of Quang Ninh, local media reported. 
 
Illustrative photo.
Illustrative photo.
The two projects are still subject to local authority’s approval, while TCL expected to put those into operation by May 2020 and creating jobs for 2,000 locals. 

TCL revealed the information at a meeting with Quang Ninh People’s Committee to explore investment and cooperation opportunities at the province’s industrial parks. 

Additionally, TCL’s secondary investors are considering projects producing parts and accessories in Dong Mai industrial park, which is also the location of the Chinese firm’s two upcoming projects. 

Chairman of Quang Ninh People’s Committee Nguyen Van Thang said the province would create favorable conditions for TCL and its secondary investors to carry out projects. 

However, Quang Ninh maintains its stance of not attracting foreign investment at all costs, but promoting selective FDI projects towards sustainable development and environmental protection, Thang added. 

The province, thus, prioritizes over projects using advanced and environmental friendly technologies, he continued. 

TCL was established in 1981 and made its first presence in Vietnam in 1999. The electronics firm currently has 22 production bases worldwide, employing 75,000 people and operating in 160 markets. 

FDI commitments in Vietnam in the January – June period totaled US$18.47 billion, down 9.2% year-on-year, while disbursed FDI totaled US$9.1 billion in the six-month period, representing an increase of nearly 8% year-on-year, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment showed.

According to the agency, 1,723 new projects have been approved with total commitments of US$7.41 billion in the first six months, down 37.2% from the corresponding period last year, while 628 existing projects have been injected an additional US$2.94 billion, down 33.8% year on year. 

The data shows that out of 95 countries and territories investing in Vietnam in the six-month period, Hong Kong (China) took the lead with US$5.3 billion, accounting for 28.7% of total investment and China at third place with US$2.29 billion, or 12.4% of the total. 
Comments
Other news
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.
10:57, 2025/01/30
Foreign companies confirm investment expansion in Vietnam in 2025
Some foreign firms are optimistic about Vietnam's economic prospects in 2025 and plan to expand investment, focusing on sustainability across sectors.