TCL plans to build two plants in Quang Ninh province
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)
Quang Ninh (VNA) - Multinational Chinese electronics firm TCL has registered to build twofactories to produce speakers, headphones and other accessories in thenortheastern province of Quang Ninh.
TCL is waiting forapproval from the province. The two manufacturing plants would be located in theDong Mai Industrial Park in Quang Yen district. Once in operation inMay 2020 if all goes according to plan, they will create 2,000 jobsfor local workers.
In the meantime, TCL’ssecondary investors are studying other production facilities in the industrialpark.
TCL announced thenews at a meeting with the Quang Ninh People’s Committee this week, heldto explore investment and co-operation opportunities at the province’sindustrial parks.
Nguyen Van Thang, Chairmanof the provincial People’s Committee, said the province would create favourableconditions for TCL and its secondary investors to carry out the projects.
However, Quang Ninhwould not seek to attract investments at all costs, Thang said, but wouldinstead promote selective FDI projects towards sustainabledevelopment and environmental protection.
The province will givepriority to projects using advanced and environmentally friendlytechnologies.
Established in 1981, TCLfocuses on designing, developing, manufacturing and distributingelectronic products, including television sets, mobile phones and othersmall electrical appliances. It has 22 production bases worldwide, employing75,000 people and operating in 160 markets.
It entered Vietnamin 1999. In 2018, its sales rose by 50 per cent from the previous year and itstelevision brand was the fourth largest in the country.
In February, TCL startedconstruction of a new TV production plant in the southern province of Binh Duongwith a total investment of 54 million USD. The factory is expected toserve the Vietnam, Southeast Asia, US and EU markets to meet the increasingdemand for high quality TVs.-VNA
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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) 
