After officially withdrawing from the mobile market, LG plans to produce home appliances on the smartphone production line in Vietnam.
Previously, the Korean electronics company announced its decision to completely withdraw from the mobile phone segment – where it has recorded losses since the second quarter of 2015.
According to the plan, LG will complete this production conversion this year while reassigning affected workers. LG’s factory in Hai Phong. LG Vietnam President Jung Hai-jin affirmed that the cessation of smartphone production in Vietnam is part of LG’s plan to restructure its basic product portfolio, and affirmed that this plan will not significantly including production and sales activities as well as LG employees in Hai Phong. In 2015, LG opened the production line in Hai Phong. The factory currently has more than 16,000 workers and mainly produces home appliances, smartphones and car infotainment products. In addition, leaders of LG Vietnam also leave open the possibility of additional investment in this factory in the near future. In addition, a representative of LG Vietnam also denied the information that LG offered to sell a smartphone factory in Hai Phong for more than 2,000 billion VND. “It is true that we stopped making smartphones, but this is only one line in the factory. We also produce other products such as washing machines, vacuum cleaners … ”, emphasized LG Vietnam representative. according to Yonhap
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