PM approves establishment of 2 state holding corporations

Prime Minister Nguyen Tan Dung has approved the establishment of two state-owned holding corporations in construction -- Vietnam Industrial Construction Group and Vietnam Housing and Urban Development Group.

An office of Song Da Corporation

An office of Song Da Corporation

They will include different companies with a majority State ownership.

Their main businesses will include developing housing and other real estate projects and urban areas.

Operational Song Da Corporation will be a key member of the Vietnam Industrial Construction Group, existing while Housing and Urban Development Corporation (HUD) will be among the major subsidiaries of the Vietnam Housing and Urban Development Group.

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