Real-estate developer increases investments

Huu Lien A Chau Joint Stock Co. general director Tran Tuan Nghiep said the company had increased its investment in real-estate projects.

The projects include a retail and residential apartment complex planned to accommodate 7,200 residents living in Binh Tan District with a price tag of 2.5 trillion VND (147 million USD).

HLAC has raised its capital from 30 billion VND (1.7 million USD) in 2002 to 190 billion VND (12 million USD) in 2007.

In 29008, HLAC estimates to earn a revenue of 1.17 trillion VND and a profit of 52 billion VND.

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