IP development company expands cooperation

Wednesday, April 23, 2008
IP development company expands cooperation

The Industrial Park and Urban Development Corporation (IDICO) will choose the Civil Engineering Construction Corporation No.8 (CIENCO 8) as its partner in developing IDICO’s invested transport and infrastructure projects.

An agreement to this effect was signed between the two companies in Ho Chi Minh City on April 23.

IDICO will also invest in CIENCO 8’s projects as well as join hand with the construction company in property development.

The same day, IDICO inked a cooperation deal with VinaCapital, an infrastructure investment fund.

Under the agreement, VinaCapital will provide legal and financial consultancy relating to infrastructure development for IDICO and invest in IDICO projects as a strategic partner.
IDICO has been building 17 industrial parks at a total cost of nearly 10 trillion VND. (VNA)