Indonesian Political, Business & Finance News

S'pore project in Vietnam

| Source: AFP

S'pore project in Vietnam

HANOI (AFP): A Singaporean firm broke ground for a US$10
million office complex in Ho Chi Minh City, a report said over
the weekend.

Yuan Cheny Singapore is to take a 70 percent stake in the
joint venture project with the Transport Services 3 Company,
under Vietnam's Ministry of Transport, holding the balance, the
Nguoi Lao Dong newspaper said.

The project is to build a 19-storey office building in central
Ho Chi Minh City with construction slated for completion in 1999.

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