|At the topping-out ceremony (Photo: reic.vn)|
The 25-storey building is located at No. 31 Le Duan Street in District 1 along one of the most prestigious city thoroughfares between the two Le Duan and Le Van Huu traffic arteries. The 3,500 m2 construction site was designed by gmp Architects. The building has a gross floor area of about 39,000 m2. Completion of the high-rise building has been scheduled for the summer of 2017.
The building is intended to accommodate the German Consulate General with the associated residence, as well as the Goethe Institute amongst others. In addition, there will be offices for the German Chamber of Foreign Trade in Vietnam and for German companies and organizations, as well as a restaurant area with a generous panoramic terrace.
In 2015, the bilateral trade turnover reached US$ 8.92 billion; the trade turnover between the two countries achieved US$1.72 billion.
The HCM City’s deputy chairman hoped that the Vietnam-EU Free Trade Agreement (EVFTA) and activities of the German Business Association in Vietnam will help to strengthen the economic cooperation between Vietnam and Germany.
Foreign Minister of the Federal Republic of Germany expressed his impression of the development of HCM City and stressed that many German enterprises want to seek investment and cooperation opportunities in Vietnam in general and Ho Chi Minh City in particular.