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LG Display to expand OLED production in Vietnam with $750m

Company's total investment reaches $3.25bn as country draws tech firms

The LG Display's facilities will be the largest foreign-invested project in Hai Phong.    © Reuters

HO CHI MINH CITY/SEOUL -- LG Display plans to expand manufacturing facilities of organic light-emitting diode displays (OLED) in Vietnam. It will invest $750 million for its operations in the port city of Hai Phong in northern Vietnam near China, LG told Nikkei Asia.

The capital infusion brings the South Korean company's accumulated investment in the communist country to $3.25 billion.

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