Trang Due Industrial Park
An industrial park in Hai Phong, Vietnam, developed by a majority-owned Kinh Bac City subsidiary and anchored by LG Display's first OLED display factory built anywhere in the world.
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- Established
- 2007
- Location
- An Lao district and the Dinh Vu-Cat Hai Economic Zone, Hai Phong, Vietnam
- Country
- Vietnam
- Developer
- Saigon - Hai Phong Industrial Park Joint Stock Company (SHP), incorporated July 20, 2006
- Majority owner
- Kinh Bac City Development Holding Corporation, holding an 89.26% stake in SHP as of September 30, 2024
- Phases 1-2 area
- About 389.77-401 hectares, fully leased as of 2021
- Phase 3 area
- Reported as about 687 hectares in 2021-era planning coverage and as 652.73 hectares at its May 2025 groundbreaking
- Registered investment (as of 2021)
- More than $8.5 billion across 113 projects (90 foreign-invested, 23 domestic)
- Anchor tenant
- LG Display's first OLED display factory built anywhere in the world ($1.5 billion, announced May 2016)
Overview
Trang Due Industrial Park is an industrial zone in Hai Phong, Vietnam, developed by Saigon - Hai Phong Industrial Park Joint Stock Company (SHP), a company majority owned by Kinh Bac City Development Holding Corporation — Kinh Bac held an 89.26% voting and beneficial stake in SHP as of September 30, 2024 (DNSE). It is one of northern Vietnam’s most heavily invested electronics-manufacturing zones, anchored by LG Group facilities including LG Display’s first OLED display factory built anywhere in the world (VietnamNet).
Development and scale
SHP, incorporated on July 20, 2006, began infrastructure construction on Trang Due after Hai Phong’s People’s Committee assigned it the project in 2007; the park was folded into the expanded Dinh Vu-Cat Hai Economic Zone in August 2013, and a second phase launched in September 2014 (VCCI News). By 2021, Phases 1 and 2 together covered about 389.77 hectares and were fully leased, hosting 113 projects — 90 foreign-invested and 23 domestic — with more than $8.5 billion in registered investment, including nearly $2.2 billion registered by tenants in 2021 alone; a third phase of about 687 hectares was approved for planning that year (VCCI News). Kinh Bac broke ground on that third phase, Trang Due 3, on May 11, 2025, reported at that point as covering 652.73 hectares across four communes in An Lao district, with more than VND8,000 billion in investment capital and a 50-year operating period; the same report described the combined Trang Due 1 and 2 parks as having attracted nearly $11 billion in total capital (Vietnam Industry and Trade Information Center).
Anchor tenant: LG Display’s OLED factory
In May 2016, LG Display was issued an investment certificate for a $1.5 billion factory described as its first OLED display facility anywhere in the world, sited on more than 40 hectares within Trang Due’s second phase, with construction due to begin in June 2016 and production by 2017 (VietnamNet). Hai Phong’s Department of Finance later reported that LG Display expanded that investment by a further $1.4 billion, bringing its total capital committed in the city to $4.65 billion (Department of Finance, Hai Phong City). LG Electronics already operated a separate $1.5 billion manufacturing complex at Trang Due by that point, which by April 2016 had drawn 27 LG-linked supplier projects worth a combined $731 million in registered investment (VietnamNet).
Ownership and financing
As Kinh Bac’s majority-owned subsidiary, SHP has also been financially backstopped by its parent company. In a disclosure reported by the securities-focused outlet DNSE, Kinh Bac said it would guarantee SHP’s obligations to a bank for a credit facility — but that facility financed office and factory construction at Kinh Bac’s separate Que Vo and Que Vo Extended industrial parks in Bac Ninh province, not at Trang Due itself, illustrating how financing moves between Kinh Bac’s various industrial-park subsidiaries rather than staying tied to a single project (DNSE).
What this profile does not claim
This profile does not reconcile Trang Due 3’s differently reported area — about 687 hectares in 2021-era planning coverage versus 652.73 hectares at its actual May 2025 groundbreaking — presenting both figures as each source reported them (see openItems). It does not give a single “established” date for the park itself as distinct from SHP’s July 2006 incorporation, since no source read addresses that distinction directly. It does not detail SHP’s full tenant roster beyond the LG Group companies specifically documented above, and it does not assess environmental, labor or land-acquisition issues at the park, as no independently verified source addressing those topics was found.
Timeline
- 2006-07-20
- Saigon - Hai Phong Industrial Park Joint Stock Company (SHP) is incorporated.
- 2007
- SHP begins infrastructure construction on Trang Due Industrial Park after Hai Phong's People's Committee assigns it the project.
- 2013-08
- The park is incorporated into the expanded Dinh Vu-Cat Hai Economic Zone.
- 2014-09
- A second development phase launches at the park.
- 2016-05
- LG Display announces a $1.5 billion investment to build what is described as its first OLED display factory anywhere in the world, on more than 40 hectares in the park's second phase; LG Electronics already operates a separate $1.5 billion complex there that has drawn 27 LG-linked supplier projects worth $731 million.
- 2021
- Phases 1 and 2 (about 389.77-401 hectares) are fully leased, hosting 113 projects with more than $8.5 billion in registered investment, including nearly $2.2 billion registered that year alone; a third phase of about 687 hectares is approved for planning.
- 2024-09-30
- Kinh Bac City Development Holding Corporation holds an 89.26% voting and beneficial stake in SHP, and discloses it will guarantee SHP's obligations to a bank for a credit facility financing construction at Kinh Bac's separate Que Vo and Que Vo Extended industrial parks in Bac Ninh province.
- 2025-05-11
- Kinh Bac breaks ground on a third phase, Trang Due 3, covering 652.73 hectares across four communes in An Lao district, with more than VND8,000 billion in investment capital and a 50-year operating period.
What we could not verify
These claims came up in research and could not be confirmed. They are recorded here rather than published as fact or quietly dropped. If you hold a source that settles one, please tell us.
- Trang Due 3's area is reported as approximately 687 hectares in 2021-era planning coverage (VCCI News) but as 652.73 hectares at its actual May 2025 groundbreaking (Vietnam Industry and Trade Information Center); this profile presents both figures without reconciling them.
- No source read gives a single "established" date for Trang Due Industrial Park itself as distinct from SHP's July 20, 2006 incorporation date; this profile treats 2007, when infrastructure construction began, as the park's practical starting point.
Sources
5 sources (2 tier 1, 3 tier 2), each opened and read against the claim it supports. Every source is independent of the subject; no first-party material is cited. See the source policy.
Two Vietnamese government sources (the Ministry of Industry and Trade's Vietnam Industry and Trade Information Center, and Hai Phong City's Department of Finance) and three independent Vietnamese news/financial outlets (VietnamNet, VCCI News and the securities-focused DNSE) were fetched and read in full. None is affiliated with Kinh Bac City or SHP. The park's connection to Kinh Bac is documented here primarily through DNSE's independent report of Kinh Bac's disclosed 89.26% ownership stake in SHP, rather than through any Kinh Bac or SHP self-description.
- Kinh Bac (KBC) started construction of Trang Due 3 Industrial Park Supports: The May 11, 2025 groundbreaking of Trang Due 3, its 652.73-hectare area across four communes in An Lao district, its more-than-VND8,000 billion investment capital and 50-year operating period, and the reported nearly $11 billion in total capital attracted by Trang Due 1 and 2.
- Commencement of LG Display Vietnam Project in Hai Phong with total investment capital of 1.5 billion USD Supports: LG Display's $1.5 billion investment in Trang Due Industrial Park's second phase and its subsequent expansion, adding $1.4 billion in further capital for a total of $4.65 billion invested by LG Display in Hai Phong.
- LG Display to build US$1.5-billion factory in Hai Phong Supports: The May 2016 investment certificate for LG Display's OLED factory, described as its first anywhere in the world, its more-than-40-hectare site, its construction and production timeline, and the separate, pre-existing $1.5 billion LG Electronics complex at Trang Due that had drawn 27 LG-linked supplier projects worth $731 million by April 2016.
- Trang Due Industrial Park: Asserting Position as Attractive Investment Destination Supports: SHP's 2007 start of infrastructure construction, the park's 2013 incorporation into the Dinh Vu-Cat Hai Economic Zone, its 2014 second phase, the 389.77-hectare combined area of phases 1 and 2 and their full leasing by 2021, the 113 registered projects and $8.5 billion in investment, and the 687-hectare third phase approved for planning in 2021.
- Kinh Bắc bảo lãnh cho khoản vay ngân hàng của chủ đầu tư Khu công nghiệp Tràng Duệ Supports: Kinh Bac's disclosed 89.26% voting and beneficial ownership stake in SHP as of September 30, 2024, SHP's July 20, 2006 incorporation date, and Kinh Bac's guarantee of an SHP bank credit facility that in fact financed construction at Kinh Bac's separate Que Vo and Que Vo Extended industrial parks rather than at Trang Due itself.
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