LG Innotech Co. Ltd under the LG Group will uild a 10-hectare factory producing module cameras at the Trang Due Industrial Zone, Hai Phong city. The project is the third invested by LG in the city, bringing the group’s total investment in Hai Phong to about 3.35 billion USD.
The first one is a 1.5 billion USD facility producing electronic home appliances, which was put into operation in March 2015, and the second one, also worth 1.5 billion USD, was licensed in early April this year to make OLED displays. Both of them are in Trang Due IZ.
Hai Phong is one of the country's top performers in foreign direct investment attraction alongside with Hanoi, and southern Binh Duong and Dong Nai provinces, and Ho Chi Minh City. As of August, the city attracted more than 11 billion USD in foreign direct investment in 2016.
