LG Display will invest an additional $725 million in its manufacturing facility in the northern port city of Hai Phong to take its total investment to $3.25 billion.
The money will be used to expand the factory starting in March. Manufacturing will begin in May.
It will create 5,000 new jobs, and contribute around $5 million annually to the government’s coffers.
LG Display first invested in Hai Phong in April 2016, and currently employs over 13,900 people.
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