LG ELECTRONIC

The project covering 40.26 ha in Trang Due Industrial Zone, An Duong District, under Dinh Vu – Cat Hai Economic Zone will be developed in 2 phases, including: phase 1 with the investment capital of 510 million USD to be implemented in 4 years (from September 2013 to September 2017); and phase 2 with the investment capital of 990 million USD to be implemented in 6 years (from October 2017 to September 2023). This project has brought Haiphong to the 3rd rank nationwide in FDI capital attraction, after ThanhHoa and Thai Nguyen provinces.

The project targets to manufacture and assemble high technology electrical and electronic products with the capacity of 16,812,000 products per year; manufacture and assemble colour TVs and smart TVs with the capacity of 534,000 products per year; and produce vacuum cleaners with the capacity of 5,376,000 products per year, etc.

As scheduled, the project will start construction in March 2014 and put the first factory in operation in September 2015. When operational, the project will create jobs for more than 20,000 workers.