LG Electronics to build factory in Hai Phong

Tuesday, Dec 17, 2013 15:37

Customers look for electronics products in an LG brand shop in Lang Ha Street, Ha Noi.— Photo dantri.com

HA NOI (BizHub) — LG Electronics Vietnam has announced plans to build a $1.5 billion factory complex in Trang Due Industrial Park in the northern city of Hai Phong.

Spanning more than 400,000 square metres in the industrial park, the complex will be built in two phases in the periods 2013-2017 and 2017-2023 and is expected to produce annual revenue of $1 billion in 2016.

LG will use the factory complex to produce equipment including electronic products for cars, smart TVs, washing machines, vacuum cleaners, and smart phones for export to some 50 countries.—VNS

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