Sunday, November 19 2017

VietNamNews

LG Display Việt Nam proposes to increase investment

Update: May, 24/2017 - 17:50
LD Việt Nam Hải Phòng’s project will produce organic light emitting diode (OLED) display products once operational in the third quarter of this year. — Photo baodautu.vn
Viet Nam News

HÀ NỘI — LG Display Việt Nam Hải Phòng Co has proposed to raise its investment capital from the current US$1.5 billion to $1.59 billion, baodautu.vn reported.

The additional capital will be spent on building 13 dormitory buildings and other social welfare projects for 10,000-12,000 workers.

Construction work is underway on 12.6ha of land. Two hostels and some social welfare projects will be completed in the year’s third quarter and all the dormitory buildings will be completed by 2020.

Located in Hải Phòng City’s Tràng Duệ Industrial Zone, the company’s project will produce organic light emitting diode (OLED) display products once operational in the third quarter of this year. — VNS

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