Berjaya Land Bhd’s (BLand) unit Berjaya Leisure (Cayman) Ltd received on Saturday its investment certificate from the licensing authority in Vietnam for the development of Vietnam Financial Centre (VFC) in Ho Chi Minh City.
In a statement to Bursa Malaysia yesterday, BLand chief executive officer Datuk Francis Ng said the VFC was set to be a new international landmark in Vietnam as well as a prime tourist attraction centre when completed.
The VFC project, which has a gross development value of US$1.3 billion (RM4.24 billion), was expected to commence some time later this year and was scheduled for completion in phases from 2010 to 2013.
“The masterplan vision for the project was to create an integrated world-class commercial development in the heart of District 10, which emphasises on working, living, business and leisure environment,” said the statement.
Located in District 10 covering a land area of 10.28ha, BLand said it would develop and manage the project while the development was also expected to enhance the value of surrounding properties and elevate the lifestyle of the people of Ho Chi Minh City when completed.
The VFC project would comprise three blocks of 48-storey grade “A” office towers, a multi-storey high-end shopping mall, one tower of 48-storey 5-star international hotel with ballroom and convention facilities, and one tower of 48-storey luxury service suites, BLand added.
Source: The Edges Daily