HBC: Winning the contract of Savico Plaza Hanoi

Hoa Binh Construction & Real Estate Corporation (Hoa Binh Corporation) has informed of winning the contract of the Savico Plaza Hanoi project as follows:

On 31st July 2010, Hoa Binh Corporation won the contract of building the foundation and basement of block A of the Savico Plaza Hanoi project worth VND63.28 billion. The investment owner of the project is Savico Hanoi. Time of implementing the contract is 150 days. It has been started working on 1st August 2010.

The Savico Hanoi trading center is located at the ideal and convenient position for traffic and economic development. This is one of the Vietnam biggest shopping centers with total floor area of 61,185 m2 and construction area of 16,240 m2.

In June and July 2010, Hoa Binh Corporation won many contracts and started working big projects in Hanoi and HCMC. These contracts have contributed to completion of objectives of the company in 2010. In the first 6 months 2010, sales was VND689.67 billion and after-tax profit was VND55.67 billion. As planned in 2010, sales is VND2,100 billion and after-tax profit is VND95 billion.

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