Ryobi Kiso Holdings, the ground engineering and piling solutions provider, says its wholly-owned subsidiary Raffles Piling Vietnam Co. and Vietnamese contractor Binh Dinh Construction Co., a unit of Duc Khai Joint-Stock Company, has won a bored piling contract in Ho Chi Minh City, Vietnam, worth over $7 million.

Work on the Phu My Resettlement Area residential development will commence by end of this month and is expected to be completed by end July 2010.

Since December, Ryobi Kiso has secured projects worth over $47 million including today’s/ The group’s order book now stands at $76 million and is expected to be recognised over a period of three to 12 months.