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Inauguration of LG Display Vietnam Hai Phong factory
07/12/2017 - 08:08

Inauguration of LG Display Vietnam Hai Phong factory 

On Dec 4th, at Trang Due Industrial Park, Hai Phong People's Committee and LGD Group held the inauguration ceremony of the LG Display Vietnam Hai Phong factory. Mr. Nguyen Xuan Phuc, Member of the Politburo, the Prime Minister attended and pressed the button to start the factory operation.

LG Display Vietnam HaiPhong project has a total investment of US$ 1.59 billion, producing OLEDs for mobile devices with an output of 8 million products per month, OLED TVs with 100,000 units per month. 

Right upon its operation, the corporation plans to employ 6,700 employees with an average monthly income of 7.7 million Vietnam Dong per person, a turnover of US$ 2.8 billion, an import value of US$ 1.7 billion, an export value of US$ 2.8 billion and a payment ot state budget of VND 50 billion per year.

The executive president of the corporation, Mr.Han Song Beom affirmed that the LGD factory to be built in Hai Phong is the honor of the group. With this event, Hai Phong, Vietnam is the strategic companion of LGD setting off to the global OLED market. He confirmed to develop LGD Hai Phong to become a world leading factory of OLED screen technology in the future and expects the city to support human resources and other facilities for a smooth and stable operation of the plant.

The Ambassador of the Republic of Korea to Vietnam, Mr. Lee Hyuk expressed his pleasure that the plant has been brought into operation after only 1.5 years. This event would contributes to the cooperation between Vietnam and Korea further profound and practical, especially the LG Innotek factory to be completed and put into operation shortly. He believed that with the cooperation of LG Group, Hai Phong will continue to develop more robustly, contributing to the economic development of Vietnam. 

Mr. Le Van Thanh, Member of the Central Party Committee, Secretary of the Municipal Party Committee, Chairman of the Municipal People's Council stated that the inauguration ceremony of the LGD factory proved positive changes of the investment environment of the city as well as an important event of Hai Phong industry. With a large scale and modern technology, LGD will contribute positively to the restructuring of the city's industry so that Hai Phong will soon locate itself as a major industrial center of the country. 

Prime Minister Nguyen Xuan Phuc expressed joys and excitement that after only 1.5 years, Hai Phong has a modern, hi-tech factory to be put into operation. This marks great efforts of staffs, engineers, workers of LGD group and Hai Phong LGD factory; It’s been the close cooperation of the Party, authorities and people of Hai Phong with LGD corporation, which is a beautiful flower displaying on strategic partnership to be more and more fruitful between Vietnam and Korea. He affirmed that the Government of Vietnam always creates favorable conditions for investors, considering successes of investors as those of Vietnam.

On this occasion, Mr. Nguyen Van Tung, Chairman of the Municipal People's Committee awarded the certificate of merit of the People's Committee to Mr. Suk Myung Su, General Director of Hai Phong LGD Factory for his contribution to the construction of Hai Phong LGD factory. 

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