Fresh infusion takes LG Display’s Vietnam investment to $3.25 bln

LG Display will invest an additional $725 million in its manufacturing facility in the northern port city of Hai Phong to take its total investment to $3.25 billion.

The money will be used to expand the factory starting in March. Manufacturing will begin in May.

It will create 5,000 new jobs, and contribute around $5 million annually to the government’s coffers.

LG Display first invested in Hai Phong in April 2016, and currently employs over 13,900 people.