Preliminary Conference and Implementing Development Strategy of Viet Nam Housing and Urban Development Holdings

On 6 July, 2010 “Preliminary Conference of the Production and Business Activities of the earlier six months and tasks of the final six months of 2010 and made development orientation of the Holdings” was formally held at the National Conference Center.


Mr Nguyen Hong Quan – Commissioner of Central
Party – Minister of Construction Ministry made speeches at the Ceremony


Mr. Nguyen Hiep – Chairman of Management
Board made presentation of development orientation of the  Holdings

The Ceremony was pleasing to be attended by
Mr Nguyen Hong Quan – Minister of Construction Ministry, Mr Tran Van Son – Vice
Minister of Construction Ministry; some Representatives for Ministry
Departments, Bureaus, Institutes, Services, and Agencies which belong to
Central Departments; Some Banks, Companies, and Enterprises belong to Ministry
of Construction; Leaders of parent Company – Housing and Urban Development
Holdings, member Companies; Leaders of member Company consist of: Ha Noi
Construction Corporation, Viet Nam Ceramic and Glass Corporation, Viet Nam
Water Supply Sewerage and Environment Construction Investment Corporation and
Bach Dang Construction Corporation…


Mr. Nguyen Dang Nam
– General Director of the Holdings gave declaration of the result for business
and production activities during early 6 months of 2010.

Chairman of Management Board of Housing and
Urban Development Holdings (HUD Holdings) Mr. Nguyen Hiep – Member of Central
Party – Chairman of Management Board made presentation of “strategy orientation
and housing development program in the period of 2010 – 2015 of Housing and
Urban Development Holdings”; Mr Nguyen Dang Nam – General Director of the  Holdings gave declaration of the result for
business and production activities during early 6 months and orientation to
perform the tasks of final 6 months of 2010; then all General Directors of 4
Corporations made speeches for business and production activities of their own
Corporations together with better methods were proposed to improve  co-ordination of performing all the general
tasks of the  Holdings.

As reported, Housing and Urban Development
Holdings (as established and its Decision signed by Prime Minister dated 12 January, 2010 and officially
appeared on 24 March, 2010),
that was strongly combined of 5 Corporations owned by Ministry of Construction.
In which, Housing and Urban Development Holdings is the key. All other strength
was carried out in different areas by member Corporations such as: (investment,
construction, construction material production, construction of water supply
and drain systems, waste water treatment, waste garbage…). Especially,
implementation of all the tasks such as balance participation in housing market
in Viet Nam
assigned by the Party and Government is the main purpose of the Holdings. Moreover,
new and modern urban area models are synchronously developed all over the
country.

Nomination Decision for all members of
Management Board was signed by the Prime Minister right after the Holdings was
established. Management Board of the Holdings (now it is called Member Council
of the Holdings) has directed the member Corporations to complete 3 important
contents which is a legislative basis for all activities of the Holdings after
nearly 3 months.

Equity’s representation was transferred from
member Corporations to parent Company –  
Holdings in accordance with Construction Ministry’s Decision.

    Basically,
the trial Charter for activities and organization of the parent Company – Holdings
is being completed.

    Parent
Company – Holdings and member Corporations are transferred in to One Member
Company Limited – Bach Dang Construction Corporation owned by State.

Simultaneously, housing development programs
based on summary of those at each member Corporation which have been agreed by
Management Board for investment promotion as planned from 2010 to 2015.

During the earlier 6 months, business and
total production value has reached 15.711 billions VND, turnover: 12.670
billions VND, budget delivery: 986 billions VND, net profit: 786 billions VND,
export value: 21,4  millions VND,  total investment value: 5.260 billions VND,
gross floor area: 320.000 m2, which was made by Viet Nam Housing and Urban
Development Holdings. In order to complete the total year plan, the tasks of
the final 6 months will reach 21.050 billions VND for production total value,
turnover: 18.327 billions VND, budget delivery: 1.165 billions VND, net profit:
1.017  billions VND, export value: 22,66
millions VND, total investment value: 11.111 billions VND, gross floor area: 810.000
m2.

Minister Nguyen Hong Quan praised Housing and
Urban development Holdings for business production stability and strong growth.
Management Board was also suggested continuing to direct the Holdings with
completion of some important tasks assigned by the Party and Government.

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