Encourage TCL Group to transfer technology and support Vietnamese enterprises to participate in the supply chain

(Chinhphu.vn) - On the morning of October 14, at the Government Headquarters, Deputy Prime Minister Nguyen Chi Dung received a working delegation of TCL Group led by General Director Vuong Thanh.

Deputy Prime Minister Nguyen Chi Dung emphasized that Vietnam wishes to promote cooperation with China in industries and fields such as electronic component manufacturing, supporting industries, medical components, etc., which are also industries and fields in which TCL Group has a lot of experience and strengths - Photo: VGP/Thu Sa

Founded in 1981, TCL is a leading Chinese technology group, operating mainly in the field of manufacturing electronic components, equipment and products. In 2024, with 130,000 employees, 43 R&D centers and 32 production facilities in 160 countries, the Group's revenue will reach nearly 300 billion yuan (about 43.4 billion USD).

Reporting to the Deputy Prime Minister, TCL General Director Vuong Thanh said that in Vietnam, TCL currently has 4 production facilities in Binh Duong province (old) and Quang Ninh with a total accumulated investment capital of 310 million USD, expected to increase to 590 million USD by 2027.

The Group's investment projects in manufacturing LCD panels and modules have contributed to attracting upstream supply chain support industries to Vietnam.

In 2024, TCL in Vietnam will achieve revenue of 1.22 billion USD, up 11.9%; production value will reach 1.35 billion USD, up 14.6%.

The Deputy Prime Minister especially noted and encouraged TCL to transfer technology and suitable production stages to any Vietnamese partners who are qualified to participate - Photo: VGP/Thu Sa

Expressing his pleasure at meeting TCL Group again after his working trip to China in March 2025, Deputy Prime Minister Nguyen Chi Dung highly appreciated the Group's business results globally in general and in Vietnam in particular.

"The Vietnam-China comprehensive strategic cooperative partnership has continuously developed in all aspects; economic, trade and investment cooperation continues to be an important pillar in the bilateral relationship between the two countries," the Deputy Prime Minister affirmed.

Emphasizing that Vietnam prioritizes attracting foreign investment with a focus, taking quality, efficiency, technology and environmental protection as the main evaluation criteria, the Deputy Prime Minister wishes to promote cooperation with China in industries and fields such as electronic components manufacturing, supporting industries, medical components, etc. These are also industries and fields in which TCL Group has a lot of experience and strengths.

TCL General Director Vuong Thanh said that in Vietnam, TCL currently has 4 production facilities with a total accumulated investment capital of 310 million USD, expected to increase to 590 million USD by 2027 - Photo: VGP/Thu Sa

To enhance cooperation in human resource training for TCL's projects in Vietnam, the Deputy Prime Minister suggested that the Group proactively coordinate with the Ministry of Education and Training and People's Committees of relevant localities to connect with universities, vocational training facilities, and domestic enterprises to implement training programs for projects that are being and will be invested in Vietnam.

"TCL comes to Vietnam not only to seek profits but more importantly to contribute more to the development of the host country, connecting with the Vietnamese economy so that Vietnamese enterprises can benefit from TCL's supply chain," the Deputy Prime Minister especially noted and encouraged the Group to transfer technology and suitable production stages to Vietnamese partners who are qualified to participate. From there, TCL can support and connect more closely with Vietnamese enterprises.

According to the Deputy Prime Minister, the Vietnamese Government is committed to always accompanying and creating favorable conditions for foreign investors in general and Chinese investors in particular to carry out effective and sustainable investment and business activities in Vietnam.

Thu Sa

Source: https://baochinhphu.vn/khuyen-khich-tap-doan-tcl-chuyen-giao-cong-nghe-va-ho-tro-doanh-nghiep-viet-nam-tham-gia-chuoi-cung-ung-102251014121104069.htm