At the opening ceremony (Source: VNA)Ha Nam (VNA) - Vietnam TDS Co. Ltd., a subsidiary of TDSCo. Ltd of Japan, on September 21 inaugurated a solenoid factory in Dong Van 2 IndustrialPark in Duy Tien district of northern Ha Nam province.
Takahashi Takihiko, General Director of the TDS Co.Ltd., said the factory, built at a cost of over 5.4 million USD in the firstphase, has a monthly capacity of 1.7 million products. It is expected to createjobs for around 400 workers.
Addressing the inauguration ceremony, Chairman ofthe provincial People’s Committee Nguyen Xuan Dong said the factory will helpmeet the local market’s demand and increase the export value, thus contributingto the province’s socio-economic development.
Dong called on the company to well implement itsinvestment commitments and comply with Vietnam’s law and Ha Nam’s regulationsduring its operation and business process.
He also requested the Vietnam TDS Co. Ltd to takecare of their employees while urging the province’s management board ofindustrial parks, relevant departments and sectors to facilitate operations of thecompany and other investors.
In the first seven months of this year, Ha Namattracted 46 projects, including 10 foreign direct investment (FDI) projects,with a total registered capital of nearly 194 million USD.-VNA
VNA
