LG Electronics’s major Vietnam factories report revenue growth of 23% in 2023

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, Dec 22, 2021 | 11:30 am GMT+7

LG invests $8.24 bln in northern Vietnam city, urged to do more in training, healthcare

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7

Rising land prices in northern Vietnam pose concern to investors: Savills

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, Dec 22, 2021 | 11:30 am GMT+7

Vietnam-based LG factories post $329 mln profit in 2022 

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 - Mon, Dec 22, 2021 | 11:30 am GMT+7