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
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.