JGC Vietnam increased the charter’s capital and expanded its business scope

JGC Vietnam Co., Ltd. got the official approval from Hanoi People’s Committee on the increment of Charter’s capital and expansion of business scope on Dec. 23, 2011. Accordingly, the Charter’s capital has been increased from 11 million USD to 15 million USD and “Technical testing, inspection and analysis services” has been supplemented in the Investment License.

In addition, JGC Vietnam has changed the number of investors from 05 to 04 due to the merging of 02 companies (JGC Project Services Co., Ltd and Nikki Construction Co., Ltd.) and renaming to JGC Plant Solutions Co., Ltd. The investors’ contribution to the charter’s capital had been completed by Dec. 31st, 2011 as committed with Vietnam government.

Such big change in the capital as well as business scope has allowed JGC Vietnam to improve its competence and would bring more business opportunities in the oil and gas industry.

In the threshold of 2012, JGC Vietnam is expecting to receive more projects from the local clients and work orders overseas in EPC.