The People’s Committee of northern Ha Nam province has granted investment certificate for a high-precision circuit board manufacturing plant of Red Board Technology (Vietnam) Co., Ltd.

The plant will cover 98,850 sqm in the Kim Bang I Industrial Park, with a total investment of $110 million.

The facility is expected to become operational by February 2027 with an annual capacity of over 260 million products.

The investment is in line with the province’s goal of attracting projects with modern technology and artificial intelligence (AI) products, according to the provincial authorities.

Ha Nam targets to attract $1 billion of investment capital this year. The province has lured around $500 million so far this year.