The Board of Directors of Hoa Binh Construction Group (HBC) has just approved the policy of establishing a 100% owned subsidiary named HBIC One Member State Bank Company.
This company was established to implement the Hoa Binh Innovation Center (HBIC) project at the land lot No. E2a-9, E2a-11, Hi-Tech Park, Long Thanh My Ward, District 9, City. HCM.
Hoa Binh said, with the expanded project scope, the Board of Directors of the Company also approved to increase the total investment capital for the HBIC project from 750 billion VND to 900 billion VND, an increase of 20%. 
Accordingly, Hoa Binh assigned Mr. Le Viet Hai, Chairman of the Board of Directors to be the legal representative and Chairman of the Members’ Council of HBIC One Member Limited Liability Company. Mr. Hai was able to actively organize and adjust the company’s organizational model in order to improve production and business efficiency during the implementation process. About Hoa Binh Innovation Center (HBIC), this project has been awarded the investment certificate since February 2016. The project will focus on research and development in 6 areas including new material technology, information technology, biotechnology – medicine, technical development of construction technology and automated industry on the ground floor. about 2.5 hectares. HBC’s goal will be to build a center that is the leading place for incubators, start-ups, R&D, innovation and high-tech transfer in the country, and in Southeast Asia.
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