Vinalines moves into real estate with Hoang Quan

Viet Nam National Shipping Lines (Vinalines) has signed an investment cooperative agreement with the Ho Chi Minh City-based Hoang Quan Real Estate Company.

Under the accord, the two sides will buy each other’s stocks to establish a partnership. They will invest in real estate projects such as residential housing, office buildings, trade centres, industrial parks, logistical services centres and sea ports.

Vinalines and Hoang Quan will support each other in supplying information, settling investment procedures and seeking business opportunities suitable to the strengths of both companies.

VNA

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