LG Innotek secures $200 million IFC loan following revenue drop
LG Innotek Vietnam Hai Phong secured a $200 million IFC loan as revenue slows, aiming to expand camera module production while meeting sustainability targets.
The Prime Minister affirmed a cooperation in liquefied gas is one of the top priority sectors between Vietnam and Japan and hoped that Tokyo Gas will expand its business in Vietnam.
On the meeting with Michiaki Hirose, President of Japan-based Tokyo Gas Co., Ltd (Tokyo Gas), the PM Nguyen Xuan Phuc expressed his delight at the corporation between Tokyo Gas and PetroVietnam Gas Joint Stock Corporation (PV Gas) in liquefied natural petroleum gas (LNG) sector in Vietnam.
Similar to other countries, the demand for LNG in Vietnam is very high, especially in cities and coastal areas because it is environmentally friendly. PM believed that with good partners and environment and high demand, Tokyo Gas will archive successes in Viet Nam.
The PM said that Viet Nam’s Government’s view is to develop a synchronized and efficient gas industry through the promotion of domestic resources and the strengthening of international cooperation.
Prime Minister suggested that during cooperation in LNG, especially the project of LNG terminal at Cai Mep - Thi Vai port, in case of any difficulties, Tokyo Gas should work with the Ministry of Industry and Trade for settlement. The Vietnamese government always protects the legitimate interests of foreign investors, including Japan.
LG Innotek Vietnam Hai Phong secured a $200 million IFC loan as revenue slows, aiming to expand camera module production while meeting sustainability targets.
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