Lg display viet nam hai phong ltd vinpearl hotel imperia hai phong report for internship i

An Overview about the Process of Formation and Development of the Company .... THE RECENT BUSINESS RESULTS OF THE COMPANY .... The Recent Business Results of the Company .... The Busines

MINISTRY OF TRANSPORT MINISTRY OF EDUCATION AND TRAINING

VIETNAM MARITIME UNIVERSITY THE INTERNATIONAL SCHOOL OF EDUCATION

LG DISPLAY VIET NAM HAI PHONG Ltd

& VINPEARL HOTEL IMPERIA HAI PHONG

REPORT FOR INTERNSHIP I

Student: Vu Viet Dung

ID: 82550

Class: BMM10

Supervisor: Dr Hoang Chi Cuong

PREFACE

The purpose of an internship is to provide real-world experience that enables students to put everything they have learned into action An internship can help students gain skills that can be applied to future jobs Internships may be paid or unpaid, and they tend to last about the length of a school semester or a summer break It’s considered as opportunities for students to put their knowledge to the test, enhance their own abilities, and learn new things via real-world experiences

This report is mainly about what I did and observed during the two days at

LG Display Hai Phong and Vinpearl Hotel Imperia Hai Phong It also mentions about my learning process here and what I got from it In addition, I also mentions about my own feelings after the field trip

This Report would not have been possible without the guidance and the help of several individuals who in one way or another contributed and extended their valuable assistance in the preparation and completion of this Report

First and foremost, I would like to express my sincere acknowledgement in the support and help of Dr Hoang Chi Cuong He facilitated the great opportunities for

me and other students to expand our knowledge and gain valuable experience through the first internship

In addition, I am very thankful to all my classmates from BMM60DH They were always eager to share their experiences and support me, which helps me considerably in the process of completing the report

Finally, I would like to express my acknowledgment to all other teachers and all employees who instructed and supported students in this internship

Hai Phong, 20 October 2021

Student

Vu Viet Dung

TABLE AND CONTENTS

PREFACE i

ACKNOWLEDGEMENT ii

LIST OF ABBREVIATION v

LIST OF FIGURES vi

LIST OF PICTURES vi

A LG DISPLAY VIET NAM HAI PHONG LTD CHAPTER 1 AN INTRODUCTION TO THE COMPANY 1

1.1 The General Information about the Company 1

1.2 An Overview about the Process of Formation and Development of the Company 2

1.2.1 Process of Formation: 2

1.2.2 Development of the LGDVH: 4

1.3 The Main Functions and Tasks of the Company 4

1.4 The Organizational Structure of the Company 5

1.4.1 Company Structure: 5

1.4.2 Company Department: 6

1.5 The Technology Used and the Operation Process of the Company 6

1.5.1 LG Display Technology: 6

1.5.2 Operation Process 8

CHAPTER 2 THE RECENT BUSINESS RESULTS OF THE COMPANY 9

2.1 The Recent Business Results of the Company 9

2.2 Evaluate the Opportunities, Risks, Strengths and Weaknesses of the Company 11

2.2.1 Strengths 11

2.2.2 Weakness 12

2.2.3 Opportunities 12

2.2.4 Threats 13

2.3 The Business Development Strategy of the Company in the Coming Time 14

CHAPTER 3 AN INTRODUCTION TO VINCOM HOTEL IMPERIA

3.1 The General Information about the Company 16

3.2 An Overview about the Process of Formation and Development of the Company 17

3.2.1 Process of Formation: 17

3.2.2 Development of the Vinpearl: 19

3.3 The Main Functions and Tasks of the Company 20

3.4 The Organizational Structure of the Company 21

CHAPTER 4 THE RECENT BUSINESS RESULTS OF THE VINCOM HOTEL IMPERIA HAI PHONG 24

4.1 The Recent Business Results of the Company 24

4.2 Evaluate the Opportunities, Risks, Strengths and Weaknesses of the Company 25

4.3 The Business Development Strategy of the Company in the Coming Time 26

CHAPTER 5 THE PERSONAL FEELINGS AFTER THE FIELD TRIPS 28

CONCLUSION 29

REFERENCES 30

LIST OF ABBREVIATION

LIST OF TABLES

Table

A LG DISPLAY VIET NAM HAI PHONG LTD

CHAPTER 1 AN INTRODUCTION TO THE COMPANY

1.1 The General Information about the Company

Locate in Trang Due Industrial Area, Dinh Vu 3 Cat Hai Economic Zone,

An Duong, Hai Phong, VN

o The company now having three branches:

land

technologies They manufacture display panels in a broad range of sizesand specifications primarily for use in IT products (comprising notebook computers, desktop monitors and tablet computers), televisions and various other applications, including mobile devices and automotive displays

market The company is expected to help increase the exports of Hai Phong by 3 billion dollars a year and attract about 6,700 local workers

1.2 An Overview about the Process of Formation and Development of the Company

1.2.1 Process of Formation:

LG Display was originally formed as a joint venture by the Korean electronics company LG Electronics and the Dutch company Philips in 1999 to manufacture active matrix liquid crystal displays (LCDs) and was formerly known as LG.Philips LCD, but Philips sold off all its shares in late 2008 Both companies also had another joint venture, called LG.Philips Displays, dedicated to manufacturing cathode ray tubes, deflection yokes, and related materials such as glass and phosphors

On 12 December 2008, LG.Philips LCD announced its plan to change its corporate name to LG Display upon receiving approval at the company's annual

general meeting of shareholders on 29 February The company claimed the name change reflects the company's business scope expansion and business model diversification, the change in corporate governance following the reduction of Philips' equity stake, and LG's commitment to enhanced responsible management The LG Display HP VN Ltd Company is the subsidiary of LG Display It was launched in May 2016 and start running in October 2018 by LG Display (Korea) with total investment capital of $ 1.59 billion, cover 52.5 hectares area This project specialize in producing and processing high-tech screen products for

This is also a big project and the first time that LG Display has been invested abroad and is the second largest project of the group at the Trang Due Industrial Zone since LG Electronics take part in 2013, with the same investment

Picture 1.2 LG Display Inauguration Ceremony in 2016

Source: laodong.vn, 2017

1.2.2 Development of the LGDVH:

for 1.59 billion USD invested by LG Display

14,000 workers and contributed 19.4 million USD to the budget; The

production scale of the company is 85 million products/year

additional amount brought the investment capital of the entire project to 3.25 billion USD in total, making it the foreign-invested project with the

highest value in the port city

According to the plan, the company will increase the output of OLED screens from 9.6-10 million units per month to 13-14 million products per month It expects to pocket more 6.5 billion USD in export turnover, contribute additional 25 million USD to the budget and generate 10,000 more jobs

1.3 The Main Functions and Tasks of the Company

LG Display provides screen for variety applications such as TV, Information technology, Mobile phones, Commercial products, Cars and Oled lights The company continually studies and develops investment in new generation screens such as flexible screens and transparent screens

LG Display is developing business operations towards the mission 'You Dream,

We Display' At the same time, with the goal being The Best Display Solution Company, the company is trying to provide top solutions for the future that customers are wishing for, from products, technology to services

global market, play an important role in corporate development strategy

The value of a business is not only in the numbers of business results but also the commitments of enterprises through each program to bring more sustainable values to the community For example: LGDVH has held over 50 volunteer programs, attracted to nearly 5,000 volunteers who are workers in the company, with the amount of funding about 5 billion VNĐ

LGDVH has been doing a good job of doing that from its own business culture, thereby creating a sustainable develop environment for the enterprise and contributes to the growth of the entire city

1.4 The Organizational Structure of the Company

1.4.1 Company Structure:

Figure 1.1 LGDVH ’s Organizational Structure

General Diretor

Chief Finance Officcer

Part Leader

Foreign Sevice Employee

Foreign Sevice Employee

1.5 The Technology Used and the Operation Process of the Company 1.5.1 LG Display Technology:

Picture 1.3 LGDVH ’s view from above

Source: feconmining.com.vn, 2017

LGD is the leading in OLED screen sector, as a result, its the main focus manufacture sector in the company LG' s upcoming strategy is to focus on the development of OLED screen for the future growth Because of this, the role of

the LGDVH's factory is becoming increasingly important

1.5.2 Operation Process

Figure 1.2 LG’s Production Link

LG Display's OLED panel plant will focus on manufacturing large-size resolution OLED products including 48-inch, 55-inch, 65-inch, and 77-inch panels, as it boasts high efficiency and productivity, which makes it more advantageous for the production of extra-large and high value-added OLED panels The production capacity will be expanded to 90,000 sheets per month down the road from the current capacity of 60,000 sheets depending on market demand

high-LG Display is able to produce over 10 million OLED TV panels annually based

on a 55-inch panel by maximizing the production capacity of its Paju and Guangzhou plants Profitability is expected to improve as the company secures an economy of scale with the production capacity increase

R&D+ET

Material

PE + Production Warehouse

SQA

CHAPTER 2 THE RECENT BUSINESS RESULTS OF THE COMPANY 2.1 The Recent Business Results of the Company

Table 2.1 LGD Financial statement report

Unit: billion won

Source: 2020-2021 LG Sustainability Report

Table 2.2 LGD Business Results

Unit: billion won

Source: 2020-2021 LG Sustainability Report

According to figure 2.1, it can be obviously seen that COVID-19 pandemic has

a hugh impact in operation of LGD in particular and other company’s sectors in general LGD data in 2019 show that company have a hard time struggle dealing

with the change in business enivroment and the global market

However, LGD still managed to get over the difficulties Looking at the table 2.2, the figure in 2020 is very optimisitc: even though LGD still loss in net

profit, 71 billion in 2020 quite acceptable than 2.872 billion won loss in 2019

LGDVH Ltd is currently the largest investment project in Hai Phong city In

2020, LGDVH reached revenue over 9 billion USD, creating employment for 14,000 workers, paying $ 19.4 million for national budget

According to plan, LGDVH will increase screen output from 9.6 - 10 million products/month to 13 - 14 million products/month Expected, for each year, export turnover of the company increased by about 6.5 billion USD, to pay up to 25 million into national budget and create more jobs for 10,000 workers

After seven times adjustment, with four time increases the capital, especially 2 times in 2021, the total investment of LGD in Hai Phong reached $ 4.65 billion The total investment of the projects belonging to the LG reached $7.24 billion included 1.4 billion USD increase by LGDVH

LG corp.'s projects created many positive contributions in Hai Phong city's socio

- economic development In 2020, the combined turnover reached more than 10 billion USD, the export turnover reached more than 10 billion USD, paying about

100 million into national budget

2.2 Evaluate the Opportunities, Risks, Strengths and Weaknesses of the Company

In order to have a paranomic and general view about Opportunities, Risks, Strenghts and Weaknesses of LGD , we are going to use the SWOT analysis

technique

2.2.1 Strengths

LG Display Co., Ltd., as one of the industry's leading companies, has a number

of advantages that help it survive in the marketplace These advantages not only help it to protect the market share in existing markets but also help in penetrating new markets There are some of LGD strengths:

dealers in which dealers not only promote the company's products but also spend in training the sales staff to explain to the consumer how he/she can get the most out of the items

distribution network that can cover the majority of its prospective market over the years

developed competence in entering and succeeding in new markets The growth has assisted the organization in creating new revenue streams and diversifying the economic cycle risk in the markets in which it operates

a strong brand portfolio throughout the years If the company wishes to grow into other product categories, this brand portfolio may be highly beneficial

relationship management department, the firm has been able to achieve a

high level of customer happiness among current customers as well as strong brand equity among future consumers

2.2.2 Weakness

LG Display Co., Ltd.'s shortcomings are the areas where it can improve by its competitive advantage and strategic positioning

business strategy, growth into neighboring product areas is limited

Display Co., Ltd has a higher attrition rate and must spend much more

on employee training and development

obtain additional cash to spend in the channel This may have an influence on LG Display Co., Ltd's long-term growth

anticipating product demand, resulting in a greater percentage of missed chances One of the reasons LG Display Co., Ltd.'s days inventory is greater than its competitors' is because the company is not particularly adept at anticipating demand, therefore it keeps more inventory both in-house and in channel

in the category, and it lost a tiny market share in specialist areas To address these issues, LG Display Co., Ltd must develop an internal feedback process that is directly linked to the sales staff on the ground

2.2.3 Opportunities

businesses operate and will provide new opportunities for established companies such as LG Display Co., Ltd to enhance their profitability

o The government's green initiative also provides a chance for state and federal government contractors to purchase LG Display Co., Ltd products

economic recovery and rise in consumer spending represents a chance for LG Display Co., Ltd to attract new customers and improve its market share

and allows LG Display Co., Ltd customers to obtain loans at a lower interest rate

2.2.4 Threats

market disruptor might pose a major danger to the sector

profitability

Co., Ltd.'s ability to maintain consistent profit growth in certain markets

unexpected occurrence during the peak season may have an influence on the company's profitability in the short to medium term

profitability has expanded the number of participants in the sector, putting downward pressure on not only profitability but on overall sales

since competition pays larger margins to local distributors