Stone Financial Group Inc will provide US$1 million to help Cavico Vietnam Co. expand its operation in the Vietnamese market, said the group's director, Esper Gullatt.

He said the move would create a foundation for Cavico Vietnam, a six-year-old private company, to subsequently penetrate the US financial market.

Cavico Vietnam focuses on building infrastructure, including hydroelectric facilities, dams, bridges, roads and urban zones. Its production value is expected to top US$62.8 million this year, US$25 million higher than last year, said Mr Gullatt.

Stone Financial Group is a US-based investment banking company specialising in funding private equity capital and providing mergers and acquisitions consultation services to large companies.