Saigon Development Corporation was formerly Saigon Cement Factory- a state owned enterprise which was established on July 19, 1978In 1991 the factory began to produce special cement for offshore oil well and sulphate resistant cement.In 2003 it was turned into Saigon Cement Joint stock Corporation.In 2006 it began to produce furniture for export in addition.In 2007 it changed the name into Saigon Development Corporation.