Deputy Prime Minister Tran Luu Quang presents a commemorative gift to Ms. Liu Yenhua, Chairwoman of Sailun Group and Sailun Vietnam Co., Ltd. – Photo: VGP/Hai Minh
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At the meeting, Ms. Liu Yenhua provided information on the formation and global expansion of Sailun Group since its establishment in 2002 in Qingdao City, Shandong Province, China.
Currently, Sailun Group has 13,723 employees worldwide, with total assets of 26 billion CNY and annual revenue of 18 billion CNY. The company’s products are available in 180 countries and territories.
Sailun has invested in building a factory that produces all the group’s tire lines in Tay Ninh Province, established an R&D center in Ho Chi Minh City, and formed a joint venture with Cooper Tires in 2019, with a total investment of approximately 1.5 billion USD to date.
The Tay Ninh factory is currently the group’s largest overseas production base, employing 7,000 people. The factory uses 100% natural rubber sourced from Vietnam, according to Ms. Liu Yenhua.
Meanwhile, the Ho Chi Minh City R&D center is also the group’s largest overseas research and development center, reflecting Sailun’s high regard for the quality and loyalty of Vietnam’s human resources.
Ms. Liu Yenhua expressed her gratitude to the Vietnamese government and local authorities for their support and facilitation of Sailun Group’s investment in Vietnam since 2012. She pledged that the group would continue to invest an additional 200 million USD in Vietnam in the future.
Deputy Prime Minister Tran Luu Quang highlighted the positive development of Vietnam-China relations, creating a favorable premise for the two countries to promote cooperation in various fields, including investment.
As of July 2024, China had 4,750 valid projects in Vietnam, with a total registered capital of over 28.5 billion USD. China ranked 6th out of 144 countries and territories investing in Vietnam, with Tay Ninh province leading in attracting Chinese investment. The province has 104 projects with a total registered capital of over 4.8 billion USD.
The Deputy Prime Minister commended Sailun’s position as one of the world’s leading tire manufacturers and recognized the company’s business performance, human resource development, and fulfillment of social responsibilities in Vietnam.
