VGS looks for Vietduc Legend City partner
The Vietnam Germany Steel Pipe islooking for partners todevelop the 64 hectare Vietduc Legend City project in northern Vinh Phuc province.
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The company's shareholders authorised the management board to select the investor as well as decide the capital contribution ratio forthisproject.
The developmentproject is sited onthe main road connecting Me Linh new urban area with National Highway No 2A in Dao Duc communein Vinh Phuc province.
In 2011, the company aimsto reach total revenue of VND2 trillion($100 million), pre-tax profit of VND45.5 billion and after tax profit of VND39.5 billion.
The audited business results showed that VGS gained total revenue of VND2.185 trillion, an after tax profit of VND27.47 billion and dividend payment of 4 percentlast year.
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