Joint venture formed to welcome investment flows from Japan
Japanese supplier of construction materials and equipment the JUTEC Corporation and Vietnam’s ISN Corporation have established a joint venture headquartered in Hanoi to welcome investment flows from Japan.
General Director of the ISN-JUTEC Co. Nguyen Ha Hung (Photo: VNA)
Tokyo (VNA) - Japanese supplier ofconstruction materials and equipment the JUTEC Corporation and Vietnam’s ISN Corporationhave established a joint venture headquartered in Hanoi to welcome investmentflows from Japan.
The ISN-JUTEC Co. joint venture has total charter capital of 20 billion VND (860,000USD).
It will manageand operate 1,000 Japanese-standard apartments and aims to prepare for the waveof Japanese investment being relocated to Vietnam, General Director of the ISN-JUTECCo. Nguyen Ha Hung told Vietnam News Agency correspondents in Japan on June 15.
It is predicted that demand for apartments among Japanese experts in Vietnam willincrease sharply in the time to come.
It will also develop a network of retail outlets and distribution channels fornew Japanese materials in Vietnam, contributing to the development of the localconstruction and real estate industries, Hung added.
Established in 1923, the JUTEC Corporation specialises in supplying high-qualityequipment and construction materials to civil and residential projects inJapan. It also provides construction services and IT solutions.
The ISN Corporation, meanwhile, specialises in providing brokerage services andmanages apartments and office space for rent. With headquarters in Hanoi andbranches in HCM City, Hai Phong, and Tokyo, its customers are mainly foreign enterprises,organisations, and individuals, most of whom are Japanese./.
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General Director of the ISN-JUTEC Co. Nguyen Ha Hung (Photo: VNA) 
