Fresh infusion takes LG Display’s Vietnam investment to $3.25 bln

By Dat Nguyen   February 9, 2021 | 02:57 pm GMT+7
Fresh infusion takes LG Display’s Vietnam investment to $3.25 bln
A customer sits in front of LG Electronics' television sets, which are made with LG Display flat screens, at its store in Seoul, South Korea, July 23, 2015. Photo by Reuters/Kim Hong-Ji.
LG Display will invest an additional $725 million in its manufacturing facility in the northern port city of Hai Phong to take its total investment to $3.25 billion.

The money will be used to expand the factory starting in March. Manufacturing will begin in May.

It will create 5,000 new jobs, and contribute around $5 million annually to the government’s coffers.

LG Display first invested in Hai Phong in April 2016, and currently employs over 13,900 people.

 
 
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