The Vietnam Commercial Joint Stock Bank for Industry and Trade, better known as Vietinbank, today began work on the US$400 million Vietinbank Tower project in the capital city’s Ciputra urban area in Tay Ho District.
The tower complex, which is expected to be completed early in 2014, will include a 68-floor tower which will be used as the bank’s head office and lease office spaces and a 48-floor tower which will house for a hotel, condos for lease, and a trade center.
It is designed by the London-based architects Foster & Partners and supervised by the US-based firm Turner. The building is designed with environmentally-friendly features and modern technologies that are expected to save at least 35 percent of energy compared with typical buildings.
The Vietinbank Tower is the first project of Foster & Partners in Vietnam.
The tower and the Ho Chi Minh City-based Bitexco Financial Tower are ranked second in existing building’s height after the 70-story Keangnam complex in Hanoi, according to newswire Vnexpress.
