Vietnam Investment and Construction Consulting Group to Be Set up

The Ministry of Construction has submitted a plan to set up the Vietnam Investment and Construction Consulting Group to Deputy Prime Minister Nguyen Tan Dung, and proposed allowing this group to act as a general consultant for large projects invested by the State.

 

According to the plan, this group will operate in the form of a holding-subsidiary company. The holding company will take shape from the restructure of one consulting firm under the Ministry of Construction. Subsidiary companies are one-member limited liability companies and joint stock companies. The holding company directly carries out production and business functions on the one hand and invests capital in subsidiaries and associated firms on the other. Initially, the holding company will be a State-run company managed by the Board of Directors and Chief Executive Officer. Later, the holding company can be turned into a one-member limited liability company or joint stock company.

 

Subsidiary companies are full legal entities established, organized and operated in accordance with the law for specific types of subsidiary firms. These companies will provide various products and services related to construction consultancy.