Viet Nam Construction and Import - Export Joint Stock Corporation withdraws from Cat Ba Amatina project
Viet Nam Construction and Import - Export Joint Stock Corporationhas decided to divest its entire 51% stake in Vinaconex ITC the developer of the Cat Ba Amatina resort urban project despite the project being ready for launch in 2025. This decision comes amid a challenging resort real estate market, as Vinaconex seeks to focus its resources on construction and industrial real estate. The move follows its previous exit from the Splendora project, signaling a strategic shift from urban-resort real estate to industrial and commercial real estate.
Viet Nam Construction and Import - Export Joint Stock Corporationhas decided to divest its entire 51% stake in Vinaconex ITC the developer of the Cat Ba Amatina resort urban project despite the project being ready for launch in 2025. This decision comes amid a challenging resort real estate market, as Vinaconex seeks to focus its resources on construction and industrial real estate. The move follows its previous exit from the Splendora project, signaling a strategic shift from urban-resort real estate to industrial and commercial real estate.
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