LG Innotek to increase investment in Vietnam to $2 bln - govt

LG Innotek Co

26/06/2023 11:26

HANOI, June 26 (Reuters) - South Korean electronics
company LG Innotek  011070.KS  will raise its investment in its
plant in the Vietnamese port city of Haiphong to $1 billion in
the next two years, Vietnam's government said on Monday. 
    The move will take the company's total investment in the
Southeast Asian country to about $2 billion, the government said
in a statement. The announcement follows a visit to Vietnam by
South Korea's president last week. 

 (Reporting by Phuong Nguyen; Editing by Martin Petty)
 ((martin.petty@tr.com;))