Vietnam Archive

Bitexco Financial Tower

Bitexco Financial Tower, owned by Bitexco Group, a wholly Vietnamese company, is a skyscraper of 68 floors above ground and 3 basements which is currently under construction in Ho Chi Minh City, Vietnam. The building was designed by Carlos Zapata Studio, and is located in business district 1 of the city. The groundbreaking ceremony was held in September 2005. Construction of the tower was started in June, 2007 and the tower is due to finished by the end of 2010.

The tower will have more than 16 elevators of the latest generation that can reach any position and any floor in the building within 45 seconds. When the building comes into operation, about 10,000 people will work there. Because of its size, the project is designed with seven basements covering 33,000 square meters for parking and for equipment for the building’s operation. The tower is located on an area of 6,000 m² with the floor area of over 100,000 m². Total estimated cost of this project is more than $220 million. Upon completion, this will be the tallest building in Ho Chi Minh City, reaching 265.5m height.

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Hanoi Landmark Tower

Hanoi Landmark Tower is a skyscraper under construction in Hanoi, Vietnam. This tower will have 65 floors and features a modern architectural style. The architect of the tower is Callison, an American company. Once completion, this tower will be among one of the highest buildings in Vietnam. As of 2007, the highest building in Vietnam is Saigon Trade Center in Ho Chi Minh City with 33 stories only. Upon completion, this tower will include offices, entertainment, shopping malls, convention center.

During 2000-2007, Vietnam has achieved an economic growth of 8-8.5%, thus leading to the increasing demand of office and shopping spaces in its big cities like Ho Chi Minh City, Hanoi, Danang, Haiphong has been in rapid rise. Land and housing cost in these cities still keep expensive compared with GDP per capita in the country.

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