Hanoi (VNA) – The Vietnam Investment High Tech – Building JSC (VITC) inked an agreement to transfer CDeck and Top Base construction technologies to Ethiopia, in Hanoi on June 17.

The exclusive technologies, developed by VITC, have been used for more than 100 projects throughout the country.

According to VITC Director-General Nguyen Huu Cuong, the firm’s technologies help shorten construction duration and reduce the use of labour and equipment as well as the consumption of building materials and energy.

Several companies from Russia are also negotiating for the transfer of the technologies besides Ethiopia.

VITC, a member of the Vietnam National Real Estate Association, is the owner of more than 40 patents for exclusive building technologies.

Prior to the transfer, a group of representatives from the Ethiopian government took a trip to a number of buildings and projects that applied VITC technologies in Hanoi, Hung Yen, Nam Dinh, Thai Binh and Hai Phong.-VNA