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IPIC CONSULTANCY SUCCESSFULLY PROJECT OF LG CHEM GROUP IN VIETNAM - ipic, luat, luật, tư vấn đầu tư, tu van dau tu, tư van doanh nghiep

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IPIC CONSULTANCY SUCCESSFULLY PROJECT OF LG CHEM GROUP IN VIETNAM

 In June, IPIC and its strategic partner KBL (Korea) successfully consulted projects of LG Chem Group in Vietnam.

 IPIC has successfully advised the adjustment of the scale of "LG Chem Hai Phong Engineering Plastics Project". The project has a total investment of 465,078,530,000 (Four hundred and sixty five billion, seventy eight million, five hundred and thirty thousand) VND equivalent to 20,461,000 (Twenty million, four hundred and sixty one thousand) dollars USA, production and processing scale of Lupoy, Lupox, Lumid, Lupol and other plastic resins, scale of 11,000 tons/year.

In addition, IPIC also succeeded in consulting "LG Chem Hai Phong Vietnam Project" with a total investment of 63,507,330,000 (Sixty three billion, five hundred and seven million, three hundred and thirty thousand) VND, equivalent to 2,802,000 (Two million eight hundred and two thousand) US dollars, with the goal changing to the production and processing of polarized film panels for television screens, mobile phones, computers tables, notebooks; LG Chem Hai Phong Vietnam Co., Ltd. is allowed to apply the law to export processing enterprises; scale of 455 tons of product/year.

Founded in 1947, LG Chem now has more than 34,000 employees worldwide, operating in four key business areas: Petrochemicals, Energy Solutions, Advanced Materials and Life Sciences. The company has a diverse portfolio of chemical products, from petrochemicals to high value-added plastic materials. LG Chem has also expanded its business into high-tech fields of lithium-ion batteries, advanced materials, pharmaceuticals and vaccines. With over 20 years of experience in battery development and manufacturing, LG Chem has become one of the world's leading lithium-ion battery manufacturers, establishing partnerships with many mobile phones, electric vehicles. and hybrid car manufacturers, etc.

In Vietnam, in addition to the above two projects, on April 5, 2019, LG Chem together with VinFast LLC (a member of Vingroup Group) announced the establishment of a joint venture to manufacture and pack their batteries to produce batteries. International standards. Located in the supply park of VinFast car and tram manufacturing complex (Cat Hai, Hai Phong), the factory's initial task is to meet the needs of VinFast electric cars.

 

To achieve this result, IPIC has been assisted and guided by the Government Office, the Ministry of Planning and Investment, the People's Committee of Hai Phong City, the Management Board of Hai Phong Economic Zone and departments and branches of Hai Phong. The consultancy, negotiation and preparation of the documents submitted to the authorities encountered many difficulties, but IPIC is a reputable law firm with a team of experienced lawyers who have consulted. successful projects on; ensure the investment schedule of investors. IPIC Law Firm has received satisfaction and positive feedback from investors.

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