The Housing and Urban Development Corporation (HUD) is a state-owned enterprise under the Ministry of Construction, primarily engaged in the investment and development of new urban areas and housing, as well as real estate business. Established in 1989, with over 30 years of building and development, HUD has achieved significant milestones and made notable contributions in the field of urban and housing development, aligning with the country's renewal and development efforts. Currently, HUD holds a 20.89% stake in the Saigon - Rach Gia Hotel.