US$100 million Kinh Bac Hanoi Tower to be built

Kinh Bac Urban Development Joint Stock Corp (KBC) and the Republic of Korea’s Kumho Industrial Co., Ltd on February 25 signed a deal to build Kinh Bac Hanoi Tower, at a cost of US$100 million, at 1A Lang Ha Street, Hanoi.

The building, the first KBC project of 2010, will have 32 storeys with an area of 70,000 sq. m and will include both office space and a shopping centre.

Construction is scheduled to begin in March and be completed in 32 months. Under a plan adopted by Hanoi’s municipal People’s Committee, Lang Ha Street will become the financial centre of the capital and Kinh Bac Hanoi Tower will be the tallest building in this centre.

The Kumho Asiana Group is the 7th biggest developer in the RoK, has high prestige in the fields of infrastructure construction and urban development. It has begun construction on the Kumho complex and Intercontinental Hotel in Ho Chi Minh City, which is scheduled for completion in 24 months.

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