Vietnam Dealbook: LG builds $1.5b display plant; 34 state-owned cos conduct IPOs

Vietnam Dealbook: LG builds $1.5b display plant; 34 state-owned cos conduct IPOs

The first LG factory in Trang Due Industrial Park. Visual from Kinh Bac Urban Development JSC's report.

Foreign direct investment and the privatisation of local state-owned companies have been the major engines for Vietnam’s economic reform and growth. The country continues to attract overseas corporations with South Korea’s LG Electronics started another $1.5 billion project in the country. Similarly, in the IPO space , the first four months of 2016 saw 34 state firms being privatised, adding to the number of 222 companies in 2016.

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