Work on Vietcombank Tower to start in June

19 Apr
Work on the 35-story Vietcombank Tower office building in downtown HCMC will begin in the middle of this year, five years after receiving its investment license, the developer said late last week.

Ngo The Khai, general director of Vietcombank-Bonday-Benthanh Joint Venture, told the Daily at the signing ceremony for the test pile and substructure package agreement that the ground-breaking ceremony could take place in June.

The office building will be seated on nearly 3,230 square meters facing Me Linh Square and Ton Duc Thang, Hai Ba Trung, Mac Thi Buoi and Phan Van Dat streets in District 1.

With a total floor space of 77,000 square meters, the tower is expected to come into service in June of 2013. It will become Vietcombank HCMC Branch Headquarters (some 40% of its area) and a Grade A high-rise office building with 35 floors and a four-level basement.

The investment is estimated at US$96.5 million, almost US$41.5 million higher than originally planned in April of 2005. The venture licensed by the Ministry of Planning and Investment in 2005 has registered capital of US$55 million, with 52% of it held by Vietcombank, 30% by Bonday and the rest by BenThanh.

The architecture is designed by Pelli Clarke Pelli Architects Inc., structure design by Meinhardt Thailand and M&E design by EEC Lincolne Scott and local architect A.T.A, according to the joint venture.

“The building is expected and hoped to present itself as a warm home for all dedicated staffs of Vietcombank, an important cornerstone for the continuous development of Vietcombank in general and of Vietcombank HCMC in particular,” said Nguyen Phuoc Thanh, chairman of Vietcombank-Bonday-Ben Thanh Joint Venture Co.

The project is in the critical stage of pile tests and substructure construction. Bachy Soletanche Vietnam, a subsidiary of Soletanche Bachy (France), a world leading foundation contractor, is the contractor for this package, which is to be completed after 17 months.

Soletanche Bachy with its presence in over 60 countries has executed foundations for world record projects such as Petronas Twin Towers in Kuala Lumpur and Mega Tower in Hong Kong. The company has been in Vietnam since 1993 and has undertaken construction for nearly 50 projects throughout Vietnam including the Vietcombank building in Hanoi.

Earlier, BenThanh Tourist planned to team with Germany’s Windhorst to build a 55-story tower at the site but the plan was abandoned due to financial difficulties.

Source: The Saigon Times

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