Project worthing-billion-US dollar of LG Group in Trang Due Industrial Park officially received the investment license

Updated: 09/06/2014 06:02

Yesterday, Octorber 9th, 2013 in the conference center of Hai Phong city. Mr. Duong Anh Dien - Chairman of the city was officially granted an investment certificate for the LG Group, this project has a total investment of $ 1.5 billion for electronic products, high-tech electrical appliances.

After nearly 2 years of research and study, LG Group has selected Trang Due Industrial Park is place to build a combination of high-tech manufacturing. Yesterday, Octorber 9th, 2013 conglomerate LG has officially received the investment license under which LG Group is going to invest $1.5 billion in several stages and gain the highest incentives of Dinh Vu - Cat Hai Economic Zones.


The project is placed on a total land area of 40ha Trang Due Industrial Park under the agreement signed between Saigon - Hai Phong JSC and LG Group. After going into production, the project is expected to attract more than 20,000 local employees and annually paying tax trillions for Hai Phong city.


LG project implementes in Trang Due Industrial Park will create huge surge in socioeconomic neighborhoods surrounding the project, changing economic structure of the city towards industrialization and conditions precondition for the development of ancillary industries in Hai Phong, Hai Phong quickly becomes into the economic center of the country .


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