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South Korean firm invests $8m in Ha Nam

May 16th at 11:03
16-05-2016 11:03:26+07:00

South Korean firm invests $8m in Ha Nam

The northern province of Ha Nam on Friday granted an investment licence to the HTC Group from the Republic of Korea (RoK) to build a factory producing home cleaning products and construction materials.

The factory, covering an area of 20,000 square metres in the Dong Van 1 Industrial Park in Duy Tien District, has a total investment capital of US$8 million.

Once operational in the next 12 months, the project is expected to create $5 million in revenue per year, generate about 120 jobs, and contribute VND1 billion ($43,000) to the local budget.

It is licensed to operate in a period of 50 years.

Speaking at the granting ceremony, Chairman of the provincial People's Committee Nguyen Xuan Dong affirmed that Ha Nam will always stand side by side with investors so that they can operate effectively in the locality.

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