Leaders of the NMS company and Ha Nam Province cut the ribbon to inaugurate the NMS factory in the locality. — VNA/VNS Photo Nguyen Chinh

NMS Viet Nam Co Ltd on Wednesday inaugurated a factory in Dong Van II Industrial Zone in the northern province of Ha Nam’s Duy Tien District.

Covering over 7,000sqm, the factory was built at a cost of US$5 million by the Japanese investor, and will specialise in producing telecommunications equipment and devices for the automobile industry.

The factory will create jobs for 1,000 locals.

Speaking at the inaugural ceremony, Nguyen Xuan Dong, chairman of the provincial People’s Committee, said the factory would play an important role in the development of the Vietnamese auto sector.

NMS Viet Nam Company must fulfil its investment commitment and comply with State regulations as well as the province’s production and business policies, Dong said. The company is also required to take care of its workers’ accommodations to ensure that they remain in the job on a long-term basis.

The chairman also asked the industrial zone’s management board, agencies and localities to cooperate in implementing the 10 commitments that the province has made to improve its investment climate and tackle hurdles faced by businesses so that they can operate more efficiently. — VNS