VOV.VN - LG Innotek, a subsidiary of LG Group, has completed the expansion of its camera module facility in Hai Phong, Vietnam, as part of a broader cost-cutting and global manufacturing strategy, the Korea Times reported.

VOV.VN - The world’s second-largest electric vehicle battery manufacturer, LG Energy Solution (LGES), plans to build a battery manufacturing plant and combined charging-swapping stations for electric motorbikes in Phu Tho province, Vietnam, with funding support from the Republic of Korea’s official development assistance (ODA).

VOV.VN - Vietnam is asserting itself as one of the world’s most promising and reliable centres for trade and manufacturing.

VOV.VN - A number of global tech giants such as LG, Samsung, Amkor, and NVIDIA poured capital into Vietnam recently, making the country an ideal investment destination and enabling the firms to expand their market share and take advantage of growth opportunities in the region.

Vietnam is witnessing a significant shift in the quality of foreign direct investment (FDI) projects pour into the country as an increasing number of high-tech and pioneering industrial companies move into the country to expand operations.

VOV.VN - LG Innotek has announced that it will invest KRW375.9 billion, equal to VND6.8 trillion, to expand its production subsidiary in the northern province of Hai Phong.

VOV.VN - The Republic of Korea (RoK)’s LG Displays Co. Ltd has been licensed to raise its investment in a factory in Hai Phong city, northern Vietnam, by US$1 billion.

The northern port city of Hai Phong presented investment certificates to 12 major foreign direct investment (FDI) projects worth US$1.8 billion at a ceremony on November 14.

LG Electronics is expanding its research and development (R&D) capabilities in Vietnam, now extending from software development to include home appliance solutions, covering lifestyle, kitchen, and air solutions, reported the Seoul Shinmun daily.

Vietnam boasts potential to attract investments in pioneering industries, and solutions are needed to materialise such opportunities, insiders have said.