30.09.2008 - Vietnamese property developers aim for US market
From Thanhniennews.com: Two Vietnamese real estate companies in Vietnam have recently announced plans to expand their businesses in the US. Duong Chi Thien, deputy general director of Neoland real estate company has been granted an investment license to develop residential areas and apartments for rent as well as to trade apartments on installment in the US It will operate in the US as a fully-owned Vietnamese company, with a capital of US$30 million, he said. The company’s target customers will be overseas Vietnamese and Vietnamese citizens who study or livein the US It will also provide real estate products in Vietnam to foreign customers in the US, Thien said. Meanwhile, Le Chi Hieu, general director of Thu Duc Housing Development Joint-Stock Company, said his company has been applying for a license to invest $6 million in property projects in California and Mississippi..... Full Article: Source
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