VietNamNet Bridge – The world's second largest TV manufacturer, LG Electronics (Korea), will move its TV production chains from Thailand to Vietnam this year, in order to increase productivity and save costs.



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In an interview with Reuters, the Marketing Director of LG Electronics Thailand, Nipon Wongsaengarunsri, said they wanted to have a base in the region with new machinery for the production of TV sets, on a similar scale to factories in Korea. The group considers Vietnam the best location.

"Our parent company considers Vietnam the most worthy country for investment. Wage is a factor. But the guarantee of quality, as well as logistics, are also very important," he said.

According to Nipon, LG currently produces 600,000 TV sets per year in Thailand, worth 8 billion baht ($243 million), including 100,000 units for export.

VNE