Why infrastructure and Property related business in Vietnam?
In developing countries like Vietnam, the management believes that when the economy begins to pick up, the first wave of growth shall be related to the infrastructure development. Thus, investing in infrastructure and property related business should be in an advantageous position to be benefited from the growth. Strategy and goal With the support of stable income and cash inflow from the Group’s property investment business and its existing cement business, the management aims at expanding the annual capacity of its cement factory to approximately 3 million tonnes in 2008. Also, seeing an accelerating growth of the economy, the Group takes the opportunity to invest in property development business in Hochiminh City, aiming to construct middle to high range apartments in order to satisfy the rising demand of a pool of local middle-class, which number is growing fast along with the economic growth.
