Saigon Engineering Construction Investment Corporation (ECI Saigon), Dat Xanh Real Estate Construction and Service Company (DXG) and Truong Thanh Furniture Corporation (TTF) last week signed a strategic cooperation agreement.
Vo Truong Thanh, chairman of TTF, said the three firms have many similarities in strategic orientation and development plan. The cooperation among the firms therefore will create competitive property products and construction works.
In addition, Viet A Bank has also pledged to supply capital for the firms, Thanh said.
Under the agreement, the three firms agree to use products and services of each other, work together to seek construction packages. The minimum cooperation duration is five years and can be renewed.
ECI Saigon, a member of Saigon Construction Corporation, operates in the construction sector with high-rise building, office building, industrial park and transport projects. Meanwhile, DXG specializes in property, infrastructure and construction projects.
TTF specializes in processing and exporting woodwork products and has eight plants having a capacity of 5,500 containers per year. Its main products are indoor and outdoor furniture, flooring and particle board exported to EU, the U.S. and Australia.
(Sai Gon times)