Saturday, October 13, 2007

Vietnam shipping and real estate companies combine for development

Vinalines and Hoang Quan Real Estate JSC sign joint venture

Vietnam Shipping Lines Corp (Vinalines) and Hoang Quan Real Estate Service Joint Stock Co yesterday in Hanoi inked a cooperation agreement in projects of construct house buildings, trade centres, offices for lease, industrial zones, logistic service centres and seaports.

Accordingly, the two firms will buy each other's shares and carry out new real estate projects under business cooperation contracts or setting up a new entity.