Berjaya Leisure (Cayman) Company, a subsidiary of the Malaysian group Berjaya Land BLand, expects to begin construction of the Vietnam Financial Center (VFC) in the first quarter of 2010.
|An artist's impression of the Vietnam Financial Center in HCM City|
The company’s General Director Nguyen Hoai Nam said the project is currently waiting for a building license.
Construction of VFC, a complex including an office building, five-star hotel, service area and high-class trade center, is expected to cost US$930 million. It will be built on a 25.4 hectare area in District 10, Ho Chi Minh City.
Mr. Nam also said the Vietnam International University Township (VIUT) project has now completed 50 percent of site clearance out of a total area of 925 hectares.
The project will cost US$3.5 billion and be located at Tay Bac Urban Area in HCMC.