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 Display posts $115 mln net income in Vietnam in 2023
LG Display Vietnam Haiphong Company, under LG Display - a subsidiary of South Korean chaebol LG, posted a net income of KRW159.1 billion ($114.9 million) in Vietnam in 2023.
Companies - Wed, April 17, 2024 | 2:05 pm
Hai Phong city prepares massive industrial parks to accommodate FDI
Vietnam’s northern port city of Hai Phong has plans to build new industrial parks (IPs) to prepare for an anticipated increase in foreign direct investment (FDI) amidst a supply chain value shift to the Southeast Asian region.
Industrial real estate - Tue, March 12, 2024 | 10:45 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
2023: energy, electronics sectors shine bright as Vietnam attracts huge foreign investments
Energy and electronics sectors hogged the limelight as registered foreign direct investment (FDI) in Vietnam reached $36.6 billion this year through December 20, up 32.1% year-on-year.
A year in review and 2024 forecasts - Fri, December 29, 2023 | 9:15 am
Korea’s Aekyung Chemical acquires LG Chem’s Vietnam plasticizer subsidiary
South Korea consumer goods producer Aekyung Chemical Co. has acquired Ho Chi Minh City-headquartered VINA Plasticizers Chemical Company (VPCHEM), a manufacturer of plasticizers and LG Chem Ltd.’s Vietnam subsidiary.
Companies - Sat, December 23, 2023 | 10:40 am
Vietnam central region sees emerging FDI wave from South Korea
An increasing number of South Korean companies are interested in investing in Vietnam’s central region given Vietnam’s move to balance regional development and local government activism, said Kang Boo Sung, consul general of the Northeast Asian country in Danang.
Industries - Sat, November 25, 2023 | 12:42 pm
Samsung supplier Synopex fined $9,500 for environmental violations
The northern province of Bac Ninh has fined wholly Korean-invested Synopex VND230 million ($9,500) for environmental violations.
Companies - Thu, November 23, 2023 | 5:19 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
Hai Phong city attracts $3 bln of FDI in Jan-Sep
Vietnam’s northern city of Hai Phong attracted over $3 billion of foreign direct investment (FDI) in the first nine months of 2023, becoming one of the top FDI locations in the country.
Industries - Tue, October 3, 2023 | 3:18 pm
Deputy PM urges haste on LG R&D center project in Hai Phong city
Deputy Prime Minister Tran Luu Quang has urged South Korean Ambassador Choi Youngsam to push electronics giant LG Group to invest in developing an R&D center in Hai Phong city.
Industries - Fri, September 22, 2023 | 11:27 pm
Major Taiwan electronics makers charmed by Vietnam
Leading Taiwan-based electronics manufacturers, in their efforts to diversify supply chains, have constantly found Vietnam as a destination to open new factories or expand production.
Industries - Wed, August 23, 2023 | 2:41 pm
Vietnam new source for rare earths magnet companies
South Korea's Star Group Industrial (SGI) and China's Baotou INST Magnetic are set to open factories in Vietnam to explore rare earth deposits, according to Reuters.
Industries - Tue, August 22, 2023 | 4:28 pm
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Site clearance deadline set for $2 bln northern Vietnam LNG power plant
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