Real Estate Trading Group to be established

The Ministry of Construction is developing a project to establish two economic groups to be submitted to the Prime Minister for approval in the first quarter of this year. 

The groups are to be named: the Vietnam Cement Industry Group and the Construction Investment and Real Estate Trading Group.

Deputy Minister of Construction Nguyen Tran Nam says that to lay the groundwork for the establishment of the groups, the Ministry is speeding up the equitisation process of its subsidiary corporations and the admission of local enterprises to the groups.

In addition, it is preparing the legal framework and other conditions necessary to increase chartered capital for those corporations, which form the core of these groups.

VOV

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