LG Innotek announced on September 21 that it has completed the construction of its V3 factory at its production subsidiary in northern Hai Phong port city, specializing in camera module products.
In November 2024, the company revealed plans to invest around VND6.8 trillion ($256 million) to expand its Hai Phong production facility.
The facility covers a total floor area of approximately 150,000 sq.m in Trang Due Industrial Park and is operated by LG Innotek Vietnam Hai Phong Co., Ltd. The expansion will double the facility’s camera module production capacity.
Established in 2013, LG Innotek Vietnam Hai Phong has a total registered capital of about $2 billion.