LG’s Vietnam factories record higher revenues, lower profits
- Classification:Chemical Auxiliary Agent, Chemical Auxiliary Agent
- cas no 117-84-0
- Other Names:DOP Bis(2-ethylhexyl) phthalate
- MF:C6H4(COOC8H17)2
- EINECS No.:201-557-4
- Purity:99 %
- Type:Chemical additives, Chemical dop plasticizer 99%
- Usage:Rubber Auxiliary Agents
- MOQ::10 Tons
- Package:25kg/drum
- Shape:Powder
- Payment:T/T
- Application:PVC Plasticizer
Globally, LG Electronics recorded sales revenue of KRW40,414.33 billion ($30.52 billion) in H1, edging down 0.05% year-on-year. Its post-tax profit reached KRW741.8 billion
Two Vietnamese subsidiaries of South Korea’s LG Electronics have posted a combined post-tax profit of KRW179.31 billion ($133.5 million) in Jan-Sep 2023, down 27.6%
The 2024 Vietnam Tax Adjustments: All You Need to Know
- Classification:Chemical Auxiliary Agent
- CAS No.:117-84-0
- Other Names:DOP, Dioctyl phthalate
- MF:C24H38O4
- EINECS No.:201-557-4
- Purity:99.5, ≥99.5
- Type:Adsorbent
- Usage:Coating Auxiliary Agents, Electronics Chemicals, Leather Auxiliary Agents, Paper Chemicals, Plastic Auxiliary Agents
- MOQ:200kgs
- Package:200kgs/battle
- Advantage:Stable
. These changes represent a 50%
Besides, LG Display Vietnam Haiphong Company, under LG Display, reported a net income of KRW159.1 billion ($114.9 million) in Vietnam in 2023. The figure was up 41.8%
Import & Export in Vietnam (2023): Trade Policies & Regulation
- Classification:Chemical Auxiliary Agent
- CAS No.:117-84-0
- Other Names:Dioctyl Phthalate DOP
- MF:C24H38O4, C24H38O4
- EINECS No.:201-557-4
- Purity:99%min
- Type:Plasticizer Colorless Oily Liquid DOP for pvc and rubber
- Usage:Plastic Auxiliary Agents
- MOQ:200kgs
- Package:200kgs/battle
- Certificate::COA
Trade Overview of Vietnam in 2023. According to the General Statistics Office, in 2022 Vietnam’s merchandise exports stood at US$371.3 billion, witnessing a significant
Vietnam’s Import-Export Regime: Managing Customs and Accessing Tax Benefits, the latest publication from Vietnam Briefing and supported by Dezan Shira & Associates is out
LG Electronics scales up R&D in Vietnam Vietnam
- Classification:Chemical Auxiliary Agent, Chemical Auxiliary Agent
- cas no 117-84-0
- Other Names:DiOctyle Phthalate DOP
- MF:C24H38O4, C24H38O4
- EINECS No.:201-557-4
- Purity:99.0%Min
- Type:Carbon Black
- Usage:Chemical Auxiliary Agent, Leather Auxiliary Agents
- MOQ::10 Tons
- Package:25kg/drum
- Shape:Powder
- Model:Dop Oil For Pvc
- Storage:Dry Place
Hanoi (VNA) LG Electronics Inc. said on March 9 that it is scaling up its research and development operations in Vietnam to respond to a rapidly growing electric vehicle (EV) parts
Import tax into Vietnam, or customs duty, is a tariff imposed by the government on goods brought into a country. Import tax into Vietnam is crucial for regulating trade and
Vietnam-based LG factories post $329 mln profit in 2022
- Classification:Chemical Auxiliary Agent, Chemical Auxiliary Agent
- cas no 117-84-0
- Other Names:DOP/Dioctyl Phthalate
- MF:C24H38O4, C24H38O4
- EINECS No.:201-557-4
- Purity:99.5%min, 99.5%min
- Type:Liquid, plasticizer
- Usage:Plastic Auxiliary Agents, Plastic Auxiliary Agents, Rubber Auxiliary Agents
- MOQ::10 Tons
- Package:25kg/drum
- Advantage:Stable
Electronics giant LG’s three factories in Vietnam recorded a total net profit of KRW434.51 billion ($328.5 million) in 2022, down 21% year-on-year. Their total sales reached
— LG Electronics’ (LG) R&D center in Vietnam has officially become an R&D subsidiary in a move aimed at strengthening LG’s rapidly growing electric vehicle related
- How much did LG Innotek Vietnam Hai Phong make?
- LG Innotek Vietnam Hai Phong made a revenue of KRW5,763.7 billion ($4.2 billion), up 32.6% year-on-year, with post-tax profit of KRW228.7 billion ($166.9 million), up 56.6%.
- How much did LG Electronics make in Vietnam?
- LG Electronics Vietnam Hai Phong made a post-tax profit of KRW150.3 billion ($109.7 million) on a revenue of KRW5,133.3 billion, down 14.8% but up 14.5% year-on-year, respectively. The total post-tax profits of the two major Vietnamese subsidiaries of LG reached KRW379 billion ($276.6 million), up 17.6% year-on-year.
- Why is LG launching research & development in Vietnam?
- LG Electronics said it is ramping up research and development in Vietnam to serve LG’s rapidly growing electric vehicle-related business. Samsung, another Korean tech giant, saw its four subsidiaries in Vietnam record after-tax profits of KRW6,055.9 billion ($4.67 billion) in 2022, up 16.28% year-on-year.
- Who is obligated to pay a top-up tax in Vietnam?
- Entities subject to the IIR, which includes Vietnamese parent entities holding ownership in constituents with low tax rates abroad, are now obligated to declare and pay a portion of the top-up tax. This is unless the tax has already been prioritized for payment in another jurisdiction under the GloBE Rules.
- Does LG have an R&D Center in Vietnam?
- LG has continuously strengthened R&D capabilities in Vietnam for automotive parts since it established the Hanoi R&D Center under its Vietnam Production Corporation in 2016. With the success of the first center, the company created an additional R&D branch office in Da Nang in 2020.
- What will happen if Vietnam's 0% VAT proposal is accepted?
- If the Vietnam Federation of Commerce and Industry’s proposed draft is accepted, some industries will lose the 0% tax incentive. For instance, industries tied to software and IT will no longer benefit from the 0% VAT incentive when entering into agreements with foreign companies.