Business

Japanese firm to build 10-mln-USD factory in Vinh Phuc’s IP

Tsuchiya TSCO Vietnam Co., Ltd has entered a land lease contract with Thang Long Industrial Park (TLIP III) in the northern province of Vinh Phuc to set up a 10-million-USD facility.
Japanese firm to build 10-mln-USD factory in Vinh Phuc’s IP ảnh 1Illustrative image. (Photo: VNA)

Vinh Phuc (VNA) – Tsuchiya TSCO Vietnam Co.,Ltd has entered a land lease contract with Thang Long Industrial Park (TLIPIII) in the northern province of Vinh Phuc to set up a 10-million-USD facility.

Tsuchiya TSCO, a member of the Japan-based Tsuchiya TSCOGroup, is among first companies signing a lease with the industrial park,according to the provincial People’s Committee.

Founded in 1990, the group manufactures home appliances,electronic and automotive parts. It now has 11 subsidies at home and 14 othersoverseas.

Its 4-ha factory in the TLIP III will produce automotive partsand industrial products.

[Sumitomo begins building Thang Long Industrial Park III]

Construction on the TLIP III started on September 21 thisyear, covering 213 hectares in Thien Ke and Tam Hop communes, Binh Xuyendistrict. It is expected to draw about 80 FDI projects from Japan and createjobs for thousands of labourers once put into service.

The industrial park gives priority to hi-tech andenvironmentally-friendly projects, support industries, and spare partsproduction in service of the auto-motorcycle and precision engineering sectors.-VNA
#Tsuchiya TSCO Vietnam #Tsuchiya TSCO #Japan #land lease contract #lease #Thang Long Industrial Park #Vinh Phuc #TLIP III #factory #FDI #Vietnam business #vietnam news #vietnam news agency #vietnamplus Vinh Phuc Japan
Follow VietnamPlus

Related News

Benefits encourage IP workers to return

Benefits encourage IP workers to return

Between 85 and 95 percent of workers returned to their jobs in industrial parks in HCM City after Tet thanks to benefits they received before and after the holiday.

See more

Delegates at the event (Photo: Ministry of Finance)

ASEAN meeting to drive regional cooperation, growth by removing barriers

Running from November 5–11, CCS 111 focuses on advancing service liberalisation and facilitation in ASEAN by removing barriers, enhancing transparency, reducing policy risks, and simplifying administrative procedures to enable businesses and service providers to operate more efficiently.

Goods at Hai Phong Port in northern port city of Hai Phong. (Photo: VNA)

Vietnam determined to build transparent global trade system

The Government of Vietnam on November 6 updated the World Trade Organisation (WTO)’s Committee on Rules of Origin (CRO) on adjustments to the agencies and organisations authorised to issue certificates of origin (C/O), as well as on the application of QR codes in the C/O issuance process.

SemiExpo Vietnam 2025, themed “Powering Vietnam’s Semiconductor Ambition,” brings together around 5,000 delegates and feature 200 booths from major global technology corporations (Photo: VNA)

Vietnam opens largest int’l semiconductor exhibition

SemiExpo Vietnam 2025, themed “Powering Vietnam’s Semiconductor Ambition,” brings together around 5,000 delegates and feature 200 booths from major global technology corporations such as Lam Research, Coherent, Qorvo, Amkor, GlobalFoundries, Micron, Tokyo Electron, KLA, STMicroelectronics, Soitec, and Siemens.

Consumers learn about Hanoi's OCOP products. (Photo: VNA)

Hanoi launches digital booths to promote e-commerce

Hanoi will open an online store showcasing Hanoi's products on the e-commerce platform Shopee. It will introduce digital tools such as electronic signatures, e-contracts, e-invoices, and product traceability systems for local producers and businesses participating in the booth.

Loading rice for export at a port in Vietnam (Photo: VNA)

Exports hit new records following strong momentum

Vietnamese enterprises have set records across multiple areas, demonstrating strong export momentum that not only expands trade but also reinforces Vietnam’s position in global supply chains.

Products are promoted at the event. (Photo: VNA)

Vietnam connects resources to boost innovation, sustainable development

The Vietnam Innovation Summit, an annual international forum organised by InnoLab Asia, not only discusses policy and trends but also serves as a global bridge, bringing knowledge, resources, and cooperation opportunities from advanced innovation ecosystems worldwide to Vietnam.

Experts discuss at the seminar. (Photo: VNA)

CPTPP - Growth lever amid reciprocal tariff: Experts

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is one of the first new-genereration free trade agreements (FTAs) to take effect, playing a vital role in Vietnam’s export growth, especially amid the impacts of the US’s tax policies, according to insiders.