Vietcombank representatives signed an agreement in Hanoi on February 19, committing to the provision of US$44 million to fund the development of Indochina Plaza Hanoi, a mixed-used complex managed by Indochina Land.
The US$145 million project, which began last December, consists of two luxury residential towers, an office block and a retail podium.
Peter R. Ryder, CEO and Co-Chairman of Indochina Capital, Indochina Land’s parent company, said that the development of Indochina Plaza Hanoi, as well as a number of other Indochina Land projects across the country, reflects the sustained long-term commitment of the group to investing in Vietnam’s future.
Sharing that view, Vietcombank’s Chairman of the Board of Directors, Nguyen Hoa Binh, said that Indochina Plaza Hanoi was not only an excellent project in terms of economic values, it was in line with policies to intensify investment, prevent an economic recession and promote economic growth that the Government, the State Bank of Vietnam and Vietcombank were all pursuing.
“When completed, Indochina Plaza Hanoi will surely enrich the beauty and elegance of the capital,” he added.
Indochina Plaza Hanoi is the third large project jointly financed by Vietcombank and Indochina Capital, following the Nam Hai resort in Quang Nam and Indochina Riverside Towers in Da Nang. (VNA)
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