HANOI : Vietnam has awarded a licence to South Korea's LG Display that will see it raise its investment in the northern port city of Haiphong by US$1.4 billion, the city's People's Committee said on Tuesday.
The investment will boost the company's OLED display output at the Haiphong factory to 13 million to 14 million units per month, from the current 9.6 million to 10.1 million monthly units, the committee said in a statement.The company did not immediately respond to a request for comment. The additional investment would generate 10,000 new jobs and create export revenue of US$6.5 billion a year, the committee said.
Cool.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indonesia raises US$1.47 billion from debt auction, meets target -finance ministryJAKARTA : Indonesia raised 21 trillion rupiah (US$1.47 billion) in a bond auction on Tuesday, as targeted, the finance ministry's debt management office said in a statement.Incoming bids were recorded at 116.11 trillion rupiah, higher than the 77 trillion rupiah of bids in the previous auction on Aug. 18.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Malaysia's CIMB fintech business has raised US$75 million this yearKUALA LUMPUR : The fintech business of Malaysia's CIMB Group Holdings Bhd has raised a total of US$75 million in investments this year, including bringing in AIA Group as a fourth shareholder, the banking group's chief executive said on Monday.Insurer AIA said last month it was forming a long-term partner
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Prosus buys Indian payments company BillDesk for US$4.7 billionAMSTERDAM :Technology investor Prosus NV said on Tuesday it had agreed to buy Indian payments platform BillDesk for US$4.7 billion to complement its own PayU business.'Together, the two expect to create a financial ecosystem handling 4 billion transactions annually - four times PayU’s current level in India keep looking for another Tencent😃
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »