Vietnam, China, Japan and South Korea LED companies affected

The Vietnamese Chinese vandalism burning incident continues to ferment, the Agence France-Presse reported a dozen China factory is ignited, as of May 14th afternoon, the Vietnamese police have arrested 500 anti Chinese riots.

Since the end of the last century, TCL, SUPOR, Haier, Midea, China appliance enterprises has invested factories in Vietnam, but in addition to the current United States, whether other enterprises and their employees at Chinese remains to be verified.

In May 13th, the Chinese Embassy in Vietnam once again reminded the Chinese enterprises and personnel in Vietnam to do a good job of security precautions to minimize unnecessary to go out. Aforementioned Chinese employees said, 13 PM, when he and more than 100 companies have been under the protection of the riot police car Hu Zhiming Hotel, temporary security.

On May 14th, Chinese Foreign Minister Wang Yi urged Vietnam to calm down, Chinese respect for sovereignty and jurisdiction, do not attempt to further complicate the situation and expand. In the afternoon, according to part of the feedback in the Chinese Internet users, the situation has stabilized slightly.

In Lhasa, personal safety is most important, and after the event, the impact on the household appliances industry will exist for a long time. Vietnam local population, weak infrastructure, the overall household appliance market capacity is limited, but with rising labor costs Chinese, Vietnam and other Southeast Asian countries have gradually become a new fertile ground for the home appliance production base, household electrical appliance enterprises in the United States, South Korea, Japan and other countries have been in Vietnam opened several rounds of the transfer of production capacity, investment in the tide time in the country's vandalism burning incident, household appliances R & D and production base or will have long-term effects.

Overview of LED enterprises' investment in vietnam:

Chinese enterprise:

TCL group: TCL (Vietnam) Co., Ltd. is located in the city of Hu Zhiming, Vietnam, in 1999, TCL officially stationed in the Vietnamese market, investment in the construction of a color TV factory in Vietnam; in 2009, TCL in the southern part of the province to build factories in chennai.

Midea Group: in January 2007, the United States in the city of Hu Zhiming, Vietnam, a small home appliance production base completed and put into operation, the base investment of $25 million, with an annual production capacity of 5 million -800 million small household electrical appliances.

Korean enterprises:

Samsung Electronics: in March 2013, Samsung Electronics invested $2 billion to build production base in northern Taiyuan, vietnam. The base will be used in the production of mobile phones, digital cameras and notebook computers, design capacity of about 10 million products per month, has been put into use.

LG: in October 1996, Vietnam LG electronics company put into operation; in February 2013, LG plans to invest $300 million in the coastal city of Vietnam, built a large factory of 400 thousand square meters of production of home appliances in 2020, the factory is expected to become the largest overseas LG electronic factory.

Japanese enterprise:

Panasonic: 1996, Matsushita invested $8 million in Vietnam to establish a joint venture company, invested $23 million to build a home appliance production base, invested $76 million 400 thousand to build a automatic data processor, office equipment and communications products production base; 2007, Matsushita invested $500 thousand in Hanoi set up R & D center; June 2008 in Vietnam with liquid crystal TV assembly plant in 2011, investment; 25 billion yen to build a washing machine, refrigerator and intelligent mobile phone board production base.

Sharp Co: July 2009, SHARP electronics Vietnam Co., Ltd. officially opened in the city of Hu Zhiming, a registered capital of $6 million, is responsible for television, white goods and other products sales.

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