President Truong Tan Sang LG Electronics at Factory visit Trang Due Industrial Zone,

After visiting the production line combined automotive navigation devices, listening to reports on the progress and operation plan of the project, the President emphasized that Vietnam always considers South Korea as a strategic important partner, the Government of Vietnam has created most favorable conditions for Korean investors into Vietnam. President also praised Haiphong Committee for timely removing difficulties and obstacles for the project LGE from leaders of Hai Phong city. President believes, with the close cooperation, certainly LGE project in Hai Phong will succeed and achieve high efficiency, bring more benefits to both countries.

Complex project factory project of  LGE Trang Due is licensed by Haiphong  Economic Zone Authority on September 6th, 2013 with a total registered capital of 1.5 billion US dollars, registered products such as navigation devices in cars, washing machines, vacuum cleaners, air conditioners, televisions, mobile phones .... Shortly after licensing,  LGE Vietnam-Haiphong has implemented the construction of the plant with a rapid pace of construction. In less than 10 months, basically the whole complex production phase 1 of the project went into production test. It is expected that in November 2014, the entire plant will go into production officially. Phase 1 of the project when operating stably will attract and create thousands of jobs for local people. In addition to project planning production, investment LGE will establish a center of research and development (R &D) at the factory.

Trang Due Industrial Park is runned by the Saigon-Haiphong Industrial Park Corporation as the investor, licensed in November 2007. Through 6 years of development, Trang Due Industrial Park has built an completed infrastructure systems to meet the demands required from giant investors. In the recent past, the industrial park has attracted many projects from South Korea, Japan, America, Italy ... to invest in.