Fecon and Raito create a new firm RAITO – FECON (RFI) in Ha Noi on September 13. — Photo Fecon

HA NOI (Biz Hub) — Local Fecon Corporation (FCN) and Japanese Raito Group joined together to create a geotechnical company called RAITO – FECON (RFI) in Ha Noi on September 13.

The firm, RFI, with charter capital of US$1.4 million, is 51 per cent owned by Ratio and 49 per cent by Fecon.

According to Fecon, the firm was created following the successful collaboration between the two companies, working together for more than 4 years in the field of underground construction, especially in the transfer of advanced Japanese technology in Vietnam.

In the future, RFI will specialize in underground construction in Vietnam, neighboring countries and international projects.

In 2015, both companies worked on urban subway Metro Line 1 in HCM City.

Also on September 13, the two companies signed the Phase 2 tender underground package for water system improvements in HCM City. — VNS