Anam Electronics Vietnam, a fully-invested Korean company, inaugurated its factory producing consumer electronic equipment for export in the northern province of Ha Nam on November 21.

The facility, which covers 20,000 square metres in Dong Van II Industrial Zone in Duy Tien district, has a total investment of 31 million USD.

It is capable of manufacturing 3 million units, mainly audio-visual devices, per year for export to the European and US markets.

According to Kim Joo Chae, Chairman of the Republic of Korea’s Anam Electronics, the Vietnam factory is the company’s second of its kind and first overseas project.

He expects that the plant will help turn the host province into a big regional audio-visual manufacturing centre.-VNA