Vietnam, Sept. 24 -- To create better jobs and strengthen local supply chains, IFC is investing $200 million in LG Innotek Vietnam Hai Phong Co., Ltd. (LGITVH), a subsidiary of Korea-based LG Innotek Co., Ltd., a leading electronic components manufacturer. The loan aims to increase Viet Nam's competitiveness in the global market by supporting the country in moving up the value chain and fostering higher-value exports.LGITVH, operating two factories in Hai Phong with over 5,000 employees, is set to expand its production capacity for smartphone camera modules by building a third factory with IFC's financing. This project will transform LGITVH's operations into a comprehensive manufacturing complex, enhance collaboration with local suppliers t...