Work on expansion of LG Innotek's Hai Phong factory on right track
A working delegation led by Head of the Hai Phong Economic Zone Authority (HEZA) Le Trung Kien on July 15 inspected the progress of the LG Innotek Hai Phong factory project - Phase III in the northern port city's Trang Due Industrial Park.
A working delegation of Hai Phong Economic Zone Authority inspect the progress of the LG Innotek Hai Phong factory project -Phase III in Trang Due industrial park. (Photo: haiphong.gov.vn)
Hai Phong (VNA) – A working delegation led by Head of the Hai Phong Economic Zone Authority (HEZA) Le Trung Kien on July 15 inspected the progress of the LG Innotek Hai Phong factory project - Phase III in the northern port city's Trang Due Industrial Park.
Park Young-chan, General Director of Zeit C&A Vietnam Co., Ltd. and site director of the project - Phase III, said that about 1,500 workers are working continuously at the site, properly satisfying regulations on labour safety and fire prevention and control.
As of July 15, about 75% of the workload had been completed as scheduled, he said.
In June last year, LG Innotek Hai Phong and the municipal People’s Committee signed a Memorandum of Understanding on expanding investment and production at the factory.
On June 26, 2023, the committee presented a certificate to LG Innotek approving its capital adjustment for 2023-2025 by 1 billion USD, raising its total investment to over 2 billion USD.
Kien said the factory expansion will help Hai Phong become a destination of success for investors.
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