The Financial Tower (Ho Chi Minh City)
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This article or section contains information about a building currently under construction. It may contain information of a speculative nature, and the content may change dramatically and frequently as construction progresses and new information becomes available. |
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This article may require cleanup to meet Wikipedia's quality standards. Please improve this article if you can. (February 2008) |
| The Financial Tower Ho Chi Minh City | |
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| Information | |
|---|---|
| Location | Ho Chi Minh City, Vietnam |
| Status | Under construction |
| Constructed | 2005-2009 |
| Use | Office |
| Height | |
| Antenna/Spire | 300m |
| Roof | 290m |
| Top floor | 300 m |
| Floor count | 72 (and 7 underground) |
| Floor area | 100,000 sq. m |
| Companies | |
| Architect | Carlos Zapata Studio, AREP |
The Financial Tower, owned by Bitexco, a wholly large Vietnamese company is a skyscraper of 74 storeys and 7 basements which is currently under construction in Ho Chi Minh City, Vietnam. Its location is in the 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 be completed in 30 months. 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 cost reaches more than $120 million. Once completion, this will be the tallest building in Vietnam. But in 2010, this title will be surpassed by a skyscraper in Hanoi, Keangnam Hanoi Landmark Tower with the height to the top roof of 336 m, 70 stories. However, as far as the number of floors is concerned, this tower will still have the most floors in Vietnam. The tower will be made of steel and glass structure and shaped in a lotus petal. Lotus is considered as a symbol of Vietnamese culture.
[edit] Office demand in Ho Chi Minh City
Due to the rapid 2-digit growth of Ho Chi Minh City in particular and dynamic economic development of Vietnam in general, the construction of office buildings in Ho Chi Minh City has been booming. This financial tower will help ease the demand of office for rent in this city. The unit price of prime grade office now in Ho Chi Minh City costs around $34 to $36 monthly, depending on the location. Foreign and domestic enterprises have invested significantly in construction of high-rise buildings here. Before 1995, the downtown of Ho Chi Minh City featured French colonial low-lying buildings but the city has seen a boom in hi-rise buildings in early 21st century as the country has gained 8-8.5% annual GDP growth rate in general and Ho Chi Minh City, as the country's economic hub, has achieved 12% GDP growth rate in particular.[1]
[edit] List of highest buildings under construction in Vietnam
- PetroVietnam Twin Tower in Hanoi, 88 stories.
- Posco&Vinatex Tower in Ha Tay Province, 75 stories.
- Keangnam Hanoi Landmark Tower in Hanoi, 70 stories, 336 m, scheduled for completion in 2010.
- The Financial Tower in Ho Chi Minh City, 72 story and 7 basements, 300 m to the top roof, scheduled for completion in 2008
- Saigon Plaza in Ho Chi Minh City, 65 stories, scheduled for completion in 2010
- Hanoi City Complex in Hanoi, 65 stories, 195 m, scheduled for completion in 2009
- XI Tower in Ho Chi Minh City, 54 stories and 4 basements, scheduled for completion in 2010.
- Vien Dong Meridian Tower in Danang, 48 stories and 3 basements, scheduled for completion in 2011.
- Saigon Times Square, in Ho Chi Minh City, 42 stories, scheduled for completion in 2008.
