The investment will expand the company's display production capacity and increase its total investment capital in Vietnam to $5.65 billion, according to Hai Phong Economic Zone Authority (HEZA).

This is one of the largest investment projects of LG Group in Vietnam, specializing in the production of high-tech OLED screens with a scale of 14 million products/month.

The project started investment in 2016 with a capital of 1.5 billion USD. After 8 years of operation, it has continuously expanded its scale, increased its capital, and created jobs for more than 22,000 workers.

Average export reached 5.8 billion USD/year, average budget contribution was 1,000 billion VND/year.

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LG's stretchable display prototype is capable of stretching more than 50% of its original length. Photo: Gizguide

In addition, Heesung Company - a supplier of automatic positioning liquid crystal module components of LG Group also increased its capital at Trang Due Industrial Park by 125 million USD, bringing the total capital to 279 million USD. Heesung's factory is expected to reach a scale of 10.5 million products/year.

LG Display is a world leader in display technology, including liquid crystal displays and OLED displays.

The company's displays are used primarily for TVs, laptops, computer monitors, tablets, car dashboards and mobile devices.

The company operates manufacturing facilities in Korea and China, with sub-assembly facilities located in Korea, China and Vietnam.

Earlier this month, the Korean display maker announced a “stretchable” display that can stretch up to 50% – the highest stretch rate in the field to date.

The prototype of the product shown stretched from the original 12 inches to 18 inches, while also offering a high resolution of 100ppi, displaying the full RGB color gamut.

The great stretchability allows the panel to be suitable for many different designs, thereby improving its competitiveness when commercialized.

LG said it applied new technology, including improving the properties of a special silicon substrate used in contact lenses and developing a new wiring structure to improve the display's stretchability.

In addition, the developer also used 40-micrometer micro-LEDs to maintain clear image quality even when the panel is stretched or in harsh environments.

The stretchable display is not only thin and light, but also has the ability to adhere to irregularly curved surfaces such as clothing and skin.

They are expected to find widespread application in a variety of industries, from fashion and wearables to mobility.

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