In light of increasing demand for capital to invest in technical infrastructure development in Ho Chi Minh City, while available capital from the state budget is limited, in the end of 2001, Ho Chi Minh City Infrastructure Investment JSC (CII) was established with three founding shareholders including the Ho Chi Minh City Investment Fund for Urban Development (HFIU), now known as the Ho Chi Minh City State Financial Investment Company (HFIC), the Ho Chi Minh City Voluntary Youth Production Trading and Services Company (VYC) and the Ho Chi Minh City Investment and Services JSC (INVESCO).
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