HANOI -- LG Electronics is seeking buyers for one of its key Vietnamese factories after deciding to shut its loss-making smartphone business, though the company appears to be having trouble attracting interest in the facility.
The South Korean electronics maker is halting smartphone production in May and terminating the business altogether in July. It now seeks to unload a plant in Hai Phong, which currently produces roughly 10 million smartphones annually or half of LG's global output, according to several Vietnamese news outlets.
