HẢI PHÒNG – Prime Minister Nguyễn Xuân Phúc attended the inauguration ceremonies for LG Display’s US$1.5 billion project and the $41.8 million Nguyễn Bỉnh Khiêm interchange in the northern port city of Hải Phòng yesterday.

LG Display’s project, specialising in producing organic light-emitting diode (OLED) screens for smartphones, smartwatches and tablets is expected to create 6,000 jobs for local labourers and boost the northern city’s exports by $3 billion per year when it becomes operational.

This plant marks the first overseas OLED screen production project for South Korea’s LG Display.

PM Phúc said that the project, which started construction in May 2016 in Tràng Duệ Industrial Zone, contributes to fostering the strategic partnership between Việt Nam and South Korea.

He also highly appreciated LG Display’s investments in building houses and canteens for workers and urged the South Korean display manufacturer to increase the local procurement rate, promote safe production and sustainable investment in Việt Nam.

The Government of Việt Nam and local authorities in Hải Phòng would strive to improve the investment climate to create favourable conditions for both foreign and domestic investors, Phúc said.

Phúc believed LG Display would contribute to turning Hải Phòng into an electronic production hub in Việt Nam.

On the same day, Phúc attended the ribbon-cutting ceremony for the Nguyễn Bỉnh Khiêm interchange.

The project, including a four-lane flyover which is 252.2 metres long and 18.5 metres wide, was completed in nine months, 18 months ahead of schedule.

This was a part of project upgrading the road from Nguyễn Bỉnh Khiêm crossroads to Đình Vũ Dam which plays an important role in facilitating goods transportation via Hải Phòng Port.

Statistics show that 90 per cent of goods to and from the northern region’s largest port are transported via Nguyễn Bỉnh Khiêm interchange.

In 2017, the goods volume transported through Hải Phòng Port was estimated at 92 million tonnes. - VNS