Hai Phong authorities in northern Vietnam have officially approved the investment policy for the LG Innotek Hai Phong Semiconductor Package Substrate Plant.
With a total investment of $1 billion, this is the first high-tech project to be implemented within the Hai Phong Free Trade Zone. The move marks a significant milestone in the port city’s efforts to integrate deeply into the global semiconductor value chain.
According to a recent meeting of the Standing Board of the Hai Phong City Party Committee, the project—developed by LG Innotek Vietnam Hai Phong Co., Ltd.—will cover over 32 ha in the Nam Dinh Vu Industrial Park (Zone 2), located inside the Hai Phong Free Trade Zone.
The plant is scheduled to break ground in Q3/2026, with trial operations expected in Q3/2027, and commence mass production from Q3/2028.
By reaching the $1 billion capital threshold, LG Innotek’s project has officially joined the "billion-dollar semiconductor mega-project club" in Vietnam. Once operational, the facility will focus on manufacturing semiconductor package substrates, one of the most critical components in the chip packaging stage.
LG Innotek is currently one of Hai Phong’s anchor FDI investors. Since its first $550 million investment in the Trang Due Industrial Park in 2016, the company has expanded to three factories with a total registered capital of over $2 billion, specializing in camera modules.
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