G Group invested 1.5 billion dollars in Haiphong

Abstract

Hai Phong City People's Committee has granted investment certificates to build manufacturing plants, assembly of electronic products and high-tech electronics to investors LG Ellectronics INC (LGE) in Trang Due IP (Dinh Vu - Cat Hai). The project has a total investment of $ 1.5 billion and is divided into two stages. Phase 1 is implemented within 4 years (9/2013 - 9/2017) with a capital of USD 510 million. Phase 2 is implemented in 6 years (10/2017 - 9/2023) with a capital of 990 million USD.