A consortium of State-owned and private enterprises has launched a new real estate development company with a chartered capital of VND 1 trillion (US $62.5 million).
The Lilama Land Joint Stock Co was co-founded by the Vietnam Construction and Machinery Installation Corporation (Lilama), Vietnam National Tobacco Corporation (Vinataba), Hanoi Beer, Alcohol and Beverage Corporation (Habeco), Tan Long Ltd Co, the Vietnam National Construction Consultants Group, and the Hanoi Building Commercial Joint Stock Bank (Habubank).
The firm will focus on major real estate projects such as new urban areas, shopping centres, high-rise offices and apartments, and industrial and economic zones, as well as offering consulting services.
