Chinese tech firms boost Vietnam's development through localized operations
STORY: Chinese tech firms boost Vietnam's development through localized operations
SHOOTING TIME: Oct. 11/12, 2024
DATELINE: Oct. 15, 2024
LENGTH: 00:02:22
LOCATION: Hanoi
CATEGORY: ECONOMYSHOTLIST:
1. various of TCL factory
2. SOUNDBITE 1 (Vietnamese): NGUYEN VAN HUNG, Deputy general manager of Nguyen Kim Trang Thi shopping center in Hanoi
3. SOUNDBITE 2 (Chinese): XU LINJUN, General manager of Vietnam Base of TCL's Pan-Smart Screen BU Manufacturing Center
4. SOUNDBITE 3 (Chinese): YANG YONG, General director of Talway Vietnam Co., Ltd
5. various of Talway factorySTORYLINE:For Chinese firm TCL, Vietnam was the starting point of its journey venturing out to the overseas market.The company began by focusing on manufacturing. It acquired a color TV factory in Dong Nai province. The factory became TCL's first overseas TV production base.Over the years, TCL has adapted to meet the needs of Vietnamese consumers, establishing itself as a household name in the country.SOUNDBITE 1 (Vietnamese): NGUYEN VAN HUNG, Deputy general manager of Nguyen Kim Trang Thi shopping center in Hanoi
"As a leading global brand in TVs, mobile phones, and electronic devices, TCL has been present in the Vietnamese market for 25 years. For many years, Nguyen Kim Trang Thi shopping center has been selling TCL TVs and its other products. According to statistics, TCL TVs rank among the top three in sales among all TV brands here."Behind this success is the upgrading of TCL's "Made in Vietnam" manufacturing capabilities.In 2019, the company replaced its Dong Nai factory with a new facility in Binh Duong.This new facility, one of the largest digital production bases established by a Chinese TV brand in Southeast Asia, targets both Southeast Asian and North American markets.SOUNDBITE 2 (Chinese): XU LINJUN, General manager of Vietnam Base of TCL's Pan-Smart Screen BU Manufacturing Center
"In 2024, the output value of TCL's Vietnam base is expected to exceed 1 billion U.S. dollars, creating 3,000 job opportunities for the local community."TCL has so far invested over 100 million dollars in Vietnam, creating more than 10,000 jobs for the locals.Talway Vietnam Co., Ltd., a subsidiary of China's Shanghai Greatway Industry Co., Ltd., is another example of effective localized operations.SOUNDBITE 3 (Chinese): YANG YONG, General director of Talway Vietnam Co., Ltd
"In our production, the local supply chain accounted for about 15 to 20 percent when we first arrived in Vietnam in 2019. With the arrival of some other Chinese companies and our efforts in localized development, the proportion reached 30 percent in 2023, rose to 40 percent in the first half of 2024, and is estimated to reach 50 percent in the second half of the year."Also a producer of electronic products, the company is preparing for the tendering and construction of an automated factory scheduled for November.Xinhua News Agency correspondents reporting from Hanoi.
(XHTV)