» » Contract awarded for new office tower

A joint venture between the Netherlands' DHV Building&Industry, BV Architectenbureau Cepezed and Vietnam National Construction Consultants (VNCC) has won a contract to design and construct the new Vietcombank Tower, which will be one of the highest buildings in the country when it goes up in the HCM City's District 1.

Under the contract signed with Vietcombank Tower Project investors last Friday, the joint venture will undertake full design consultancy within six months, weighing in on the architectural, structural engineering, mechanical and electrical engineering aspects of the project.

Vietcombank Tower will be a 35-storey office building with about 77,000sq.m of floor space at 5 Me Linh Square, overlooking the Sai Gon River. Investment for the project amounts to US$55mil.

Construction is scheduled to begin later this year and last just over three years, according to figures from the management board of the Vietcombank-Bonday - Ben Thanh JV Co, the building's investor.

The Bank for Foreign Trade of Vietnam (Vietcombank) has a 52% stake in the joint venture, with Hong Kong's Bonday Investments holding 30% and the rest held by HCM City-based Ben Thanh Corp.

"Located in the centre of HCM City and equipped with modern facilities, the tower project aims to meet the rising demand for office space, business and convention centres," said Nguyen Phuoc Thanh, Vietcombank deputy general director and chairman of the Vietcombank-Bonday-Ben Thanh JV's management board.

DHV managing director and chairman of the DHV-Cepezed-VNCC's management board Ad van Hamburg said that prior to embarking on the Vietcombank Tower project, the company was involved in wastewater treatment projects in Vietnam as well as the upgrade of Da Nang Airport.

Source: Viet Nam News
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