As communicated by Jung Hai-jin (president of LG Electronics Vietnam), the exiting smartphone production at the LG facility in Vietnam is part of company’s plan to restructure the core product portfolio. “The closing of LG’s mobile business – he said – will not significantly impact LG’s production, business activities or employees in Haiphong”. Jung said LG will reorganize and expand its Vietnam production by focusing on manufacturing a wider range of products that are currently in high demand around the world, such as home appliances. LG plans to complete the transformation and reallocate all workers within this year. Additional investment plans will be announced once the transformation has been completed. LG opened its Haiphong Campus in 2015 to produce smartphones, TVs as well as household appliances. Affiliates such as LG Innotek and LG Display have also setup in Haiphong, producing camera modules and displays.
