Having a charter capital of VND542 billion (US$31 million), the BCCI has several foreign institutional shareholders, accounting for over 20 percent of the total equities. The State holds 28 percent.

The company focuses on real estate business, investing in developing residential areas, industrial parks as well as industrial and transportation projects.

The company has completed projects including the 81-ha An Lac Binh Tri Dong Residential Area, the 49-ha Tan Tao 4 Residential Area and the 100-ha Le Minh Xuan Industrial Park in HCM City.

Others under development are the Dam Sen Complex, the expansion of Le Minh Xuan Industrial Park and several residential projects, all in the city. Currently the company is a partner in various businesses, contributing 20 percent or nearly $4.8 million in a joint venture with a French company for the Big C supermarket' system in Viet Nam.

Additionally, it represents 70 percent in the Bach Binh Real Estate Company, which has a charier capital of VND300 billion.

Last year the company netted a profit of VND129 billion, 88 percent of the year's target, but up 87 percent compared to 2007 's figure, according to general director Pham Minh Duc.

He expects this year's figure will reach VND199 billion.

Source: Vietnam News