Ha Nam (VNA) – The Hoa Phat Home Appliance Joint Stock Company startedconstruction on the first home appliance production plant in the Hoa MacIndustrial Park in the northern province of Ha Nam on November 30.

The plant is expected to complete construction within fivemonths.

Covering an area of 14 hectares, the plant would produce aircoolers, water purifiers and air purifiers with a capacity of about one millionproducts a year. The Hoa Phat Home Appliance Joint Stock Company – a member of theHoa Phat Group – has made big investment in production lines from the verybeginning to produce high quality products with modern, diversified designs andcompetitive prices.

Earlier, Hoa Phat established the company, making a large andmethodical investment in the home appliance industry on the basis of its 20years of experience in developing the refrigeration industry.

The company aims to become the largest household appliance manufacturer in Vietnamwith a revenue of 1 billion USD a year from this segment by 2030.

In addition to rapid deployment of new factories, the groupgives priority to the research and development of high-quality refrigerationand household products that meet international standards to promote exports./.