Japanese building product distributor JUTEC Holdings Corporation will team up with a Vietnamese partner to establish a housing services joint venture in Vietnam.
|Illustrative photo (Source: tapchitaichinh.vn)|
The company, in which JUTEC will hold 50 percent, will offer apartment management and operations services following Japanese standards, to bring the best experience possible to foreigners working and living in Vietnam.
It will also import modern Japanese construction materials for distribution in the Vietnamese market.
The joint venture will cater to demand for apartments for lease, targeting foreign experts, and promote new building materials in Vietnam.
Founded in 1923, JUTEC had 778 employees as of April, with capital of 850 million JPY (7.9 million USD).
It arrived in Vietnam in 2015 via opening a representative office to study the local market.