Permanent Deputy Prime Minister Pham Gia Tuc hosted meetings with leaders from two major Chinese corporations, Texhong Group and TCL Group on August 26, according to a report by the Government News.

During the meeting with Texhong chairman Hong Tianzhu, Mr. Tuc noted the Group’s significant impact on the development of the textile and garment industry, export growth, job creation, human resource training, and the gradual establishment of a domestic supply chain.

He welcomed the Group’s plans to expand operations and commitment to upgrading its activities toward high-tech, green, and digitalized models. This direction aligns with Vietnam’s national policy of improving the quality of foreign investment, promoting green and digital transitions, and developing next-generation industrial parks.

Sharing the Group’s expansion plans, Mr. Tianzhu stated that Texhong is aggressively shifting toward a green production model. This transition is vital for meeting the stringent environmental standards required for exports to the European and US markets. As an energy-intensive enterprise, he expressed his hope that the Vietnamese Government and relevant authorities would support the Group in accessing green and clean energy sources for production.

In response, Permanent Deputy PM Tuc affirmed that Vietnam is accelerating its green transition and developing clean energy sources. He committed that the Government would ensure a stable energy supply for Texhong and the business community at large. Furthermore, he highlighted that Vietnam is implementing a comprehensive logistics development strategy to help enterprises reduce production costs and enhance efficiency.

Texhong Group began its investment in Vietnam in 2006 and has since become the country’s largest yarn manufacturer, accounting for 25% of the industry's total output. Over the past two decades, the Group has invested more than $1.8 billion across 16 projects in Dong Nai and Quang Ninh, successfully building an integrated industrial chain.

In his meeting with TCL CEO Wang Cheng, Mr. Tuc spoke highly of TCL’s long-term investment in Vietnam since 1999. He recognized the Group’s contributions to the electronics industry, export turnover, and the formation of local supply chains. He welcomed TCL’s continued focus on Vietnam as a key strategic location.

Mr. Cheng expressed his desire for the Vietnamese Government to continue providing favorable conditions for TCL to expand its investment scale, particularly in high-tech projects and the development of audiovisual electronic products. He also requested support in training high-quality human resources for the electronics sector. Furthermore, Mr. Wang affirmed that TCL is ready to encourage its business partners to explore and promote investment cooperation opportunities in Vietnam.