LG Electronics announced the opening of its newest production facility in Vietnam with the completion of the main building at its Haiphong Campus. The building will house the production lines to manufacture TVs, mobile phones, washing machines, air conditioners and car infotainment systems for the domestic and overseas markets. The Haiphong Campus will be home to many more facilities that will be constructed as part of a USD 1.5 billion investment earmarked by LG and key suppliers over 15 years. Currently operating two plants in Vietnam, LG will consolidate production in the Haiphong Campus which will continue to expand into the next decade. LG selected it as the main site for investment due to its status as a port city in northern Vietnam, making transport to other markets faster and more efficient.
