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VietNamNews

S Korean firm invests in wireless equipment

Update: May, 19/2015 - 09:05
The provincial People's Committee granted an investment licence to the group yesterday. — Photo ptqnews
HA NAM  (VNS) — The Republic of Korea's Ace Technologies received permission to begin a wireless equipment production project worth US$60 million in the northern province of Ha Nam.

The provincial People's Committee granted an investment licence to the group yesterday.

Located on a 120,000sq.m plot in Dong Van 2 industrial park, the factory will specialise in manufacturing wireless aerials for smart phones and radio frequency filters, with a capacity of 300,000 products per year.

The plant will start production in nine months. It is projected to gross $70 million in revenue each year, pay $1 million in corporate income tax and generate 500 jobs. — VNS

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