At 800,000m², the building in LG’s Haiphong Campus will house the production lines to manufacture air conditioners, TVs, mobile phones, washing machines and car infotainment systems for the domestic and overseas markets.
The ceremony was attended by more than 400 guests including government officials and LG employees. Vietnam president Trương Tấn Sang was in attendance along with Dae-joo Jun, the Korean ambassador to Vietnam. LG chairman Bon-moo Koo and LG Electronics vice chairman and CEO Bon-joon Koo were also present to mark the occasion.
The Haiphong Campus will be home to many more facilities that will be constructed as part of a $1.5bn investment earmarked by LG and key suppliers over 15 years.
Currently operating two plants in Vietnam, LG says it will consolidate production in the Haiphong Campus and plans further expansion into the next decade.