In 2010, when the real estate market received the news of Vietnam Oil and Gas Corporation ( Petro Vietnam ) will construct sets of Petro Vietnam Tower ( PVN Tower ) at Me Tri ( Hanoi ) .

As introduced , this building will be invested in equipment and the most modern technology in Vietnam. Located on the west gate of Hanoi , after completion , the building will be an important architectural landmark in the overall planning of the Capital and is a symbol of the strong development of the Group Vietnam National Petroleum .

 

 

 

 

 

 

 

 

 

           

                                            From 102 floors was then cut tops

The project will be built according to modern technology, environmentally friendly and withstand earthquakes on level 7 of MSK (about 6 on the Richter scale), higher than current standards of construction of Vietnam. This project is expected to be realized after a period of 3-5 years of construction, may become the tallest building in Vietnam and Asia 2nd.

Corporations CP Vietnam PetroVietnam Construction (PVC) and JSC Ocean Group has embarked cooperative construction of 102-storey building, the highest in Vietnam, with a value of over 1 billion.

Everything as expected is still on paper, cut tops, changed owners and uncertain about the future. As the project has not been started then with reason to ensure investment efficiency, reduce costs, project Vietnam's tallest building will only maintain 79 102 floors floor instead. The amount of capital from over $ 1 billion expected initially fell to $ 600 million.

Total capital raised from the equity capital of the investors and partners at home and abroad , completely not use budget funds . As expected , the project will be launched in first quarter / 2012 .

        Over 4 years, the project is still in the very heart wild grass yellow area of ​​Hanoi.

However, under the leadership of PVC, with lowering the number of floors, height, PVN Tower is no longer the tallest building in Vietnam but the goal is still the symbol of the oil industry, to Hanoi. After the feasibility study report of the project is approved, PVC will establish Investment Corporation Petroleum Tower to arrange funds and project implementation.

But, to the beginning of 2012, Petro announced its withdrawal from the project. PetroVietnam advocated gradual withdrawal from the real estate sector. Vietnam Oil and Gas Corporation is the parent company, 100% state owned and will not invest in the tower again and PetroVietnam have reported to the Government. Name of the project may change. The preparation of project investment will be transferred to continue perfecting PVC.

In early 2015, sparking the information is not encouraging when again , as directed , this project will change leadership . Accordingly, the Prime Minister has agreed in principle to convert the investor for JSC Investment Mai Linh . Prime Minister assigned the MPC . Hanoi consider proposals Investment Joint Stock Company Mai Linh , decided to convert the investor ensure effective land bank ; circumstances beyond their authority , reporting to the Prime Minister .

After more than 4 years , from a Vietnam 's tallest tower and defoliation , changed owners , the project is still heath . The symbol of the oil industry as had collapsed.

 

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