LG Electronics’s major Vietnam factories report revenue growth of 23% in 2023
Two Vietnamese subsidiaries of South Korea’s LG Electronics have posted a combined revenue of KRW10,897.1 billion ($7.95 billion) in 2023, up 23.4% year-on-year, according to the South Korean chaebol’s latest financial statements.
Companies - Mon, May 13, 2024 | 10:44 am
LG invests $8.24 bln in northern Vietnam city, urged to do more in training, healthcare
South Korean chaebol LG’s investment in Vietnam’s northern coastal city of Hai Phong has amounted to $8.24 billion to date, and the local administration has called on the company to invest more in education-training and healthcare.
Industries - Fri, April 26, 2024 | 11:43 am
LG’s Vietnam plants report post-tax profits of $133.5 mln in Jan-Sep 2023
Two Vietnamese subsidiaries of South Korea’s LG Electronics have posted a combined post-tax profit of KRW179.31 billion ($133.5 million) in Jan-Sep 2023, down 27.6% year-on-year.
Companies - Wed, February 14, 2024 | 3:07 pm
LG’s Vietnam factories record higher revenues, lower profits in H1
Vietnamese subsidiaries of LG Electronics reported higher sales revenues but lower post-tax profits in the first half of this year, according to the South Korean giant’s financial statements.
Companies - Mon, November 13, 2023 | 10:56 am
Rising land prices in northern Vietnam pose concern to investors: Savills
A substantial increase in land prices in Vietnam’s Northern Economic Zone (NEZ) could unnerve investors who seek to set up manufacturing facitiies here, real estate services firm Savills Vietnam said in its latest note.
Industrial real estate - Mon, October 30, 2023 | 2:48 pm
S Korean electronics giants report Q1 profit dip in Vietnam
Vietnamese subsidiaries of South Korean giants LG Electronics and Samsung have reported lower after-tax profits year-on-year in the first quarter of this year.
Companies - Fri, July 14, 2023 | 3:59 pm
Vietnam-based LG factories post $329 mln profit in 2022
Electronics giant LG’s three factories in Vietnam recorded a total net profit of KRW434.51 billion ($328.5 million) in 2022, down 21% year-on-year.
Companies - Fri, May 5, 2023 | 9:45 am
LG Electronics to power up auto parts R&D in Vietnam
LG Electronics said Thursday it is ramping up research and development in Vietnam to serve LG’s rapidly growing electric vehicle-related business, following its Korean peer Samsung Electronics's launch of a $220-million R&D center in Hanoi in late December.
Industries - Thu, March 9, 2023 | 3:35 pm
LG Display poised to expand Vietnam OLED production with $1 bln
LG Display, an LG Electronics Inc. member, is set to expand its Vietnamese plant's OLED module lines with fresh funding worth $1 billion it has just secured from global banks.
Industries - Thu, July 7, 2022 | 11:13 am
- Editor’s Picks
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LG’s chemicals arm records modest 2023 profits in Vietnam
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Firms with 500,000 kWh per month minimum consumption to become DPPA buyer: draft rule
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SCG aims to fire up $5.4 bln Long Son Petrochemicals Complex in August
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Thailand Kasikornbank’s Vietnam branch sees 2023 loss widen to $7.4 mln
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AG&P LNG to start operating southern Vietnam LNG terminal in Sept
- Editor’s Picks
-
LG’s chemicals arm records modest 2023 profits in Vietnam
-
Firms with 500,000 kWh per month minimum consumption to become DPPA buyer: draft rule
-
SCG aims to fire up $5.4 bln Long Son Petrochemicals Complex in August
-
Thailand Kasikornbank’s Vietnam branch sees 2023 loss widen to $7.4 mln
-
AG&P LNG to start operating southern Vietnam LNG terminal in Sept
