On March 31, at the Government Headquarters, Deputy Prime Minister Tran Luu Quang received Mr. Kim Myoung Kyu, Vice President of LG Display Company (Korea).
At the reception, Deputy Prime Minister Tran Luu Quang highly appreciated the investment and business efficiency of LG Group in general and LG Display Company in Vietnam in particular, which have contributed to the socio -economic development of Vietnam, while deepening the Vietnam-Korea Comprehensive Strategic Partnership.
The Deputy Prime Minister hopes that LG Group will continue to expand its investment in Hai Phong and other localities, and suggested that the Group invest in building a research and development center in Vietnam.
Deputy Prime Minister Tran Luu Quang announced that the Prime Minister has just approved the adjustment of the Master Plan for Hai Phong City to 2040, with a vision to 2050. One of the goals is to supplement land funds for industrial development, thereby creating conditions for investors, including LG Group, to expand their investment in the city.
Vice President of LG Display Kim Myoung Kyu thanked the Vietnamese Government in general and Hai Phong City in particular for their support and companionship in implementing investment projects and maintaining production and business activities in Vietnam, especially during the Covid-19 pandemic.
According to the Hai Phong Economic Zone Management Board, LG Group currently has 7 projects investing in the city with a total capital of more than 7 billion USD, of which the largest are LG Electronics; LG Display; LG Innotek. In addition, there are more than 50 Korean satellite enterprises with a total investment capital of nearly 1 billion USD.
In 2022, LG's businesses exported 12.4 billion USD, accounting for more than 40% of Hai Phong's total export turnover. The businesses created jobs for nearly 40,000 workers in and outside the city.
South Korea is Vietnam's largest FDI partner with a total registered capital of nearly 82 billion USD. South Korean investment is present in 19/21 economic sectors in 59/63 provinces and cities nationwide./.
Source link
Comment (0)