HUD3 Investment and Construction Joint Stock Company (HUD3) is a Vietnam-based company active in the construction industry. The Company is involved in the construction of residential, manufacturing, industrial and institutional buildings, as well as water sewerage systems and roads. It also installs lighting and water supply systems. In addition, the Company is engaged in the development of new urban areas, office and apartment buildings. During the year ended December 31, 2012, 69.95% of its net revenue came from construction business. As of December 31, 2012, the Company was a 51%-owned subsidiary of Housing and Urban Development Holdings (HUD). As of the same date, it had two subsidiaries, two affiliates and one branch in Ho Chi Minh City, Vietnam.