65-storey building project kicked off in Hanoi

The groundbreaking ceremony of the 65-storey Hanoi City Complex, took place on October 22 in Hanoi at the attendance of many high-ranking Vietnamese and Korean officials.

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The $400 million, 267m high building will house department stores, a five star hotel, offices and serviced apartments. It is built on 14000sq.m of land. With 65 storeys, the building will have a total area of over 250,570sq.m. Architects believed it will be a symbol of modern Hanoi once construction is finished.

Project investor, South Korea’s LOTTE Group, is the 5th largest economic group in South Korea. Established in 1965, Lotte is running its business in many countries, and Vietnam is one of the most important markets. Lotte aims to enter the top ten economic group of Asia by 2018.

Lotte has become a familiar name in Vietnam with eight sub-companies running differing business comprising Lotteria Vietnam, Lotte Vietnam, Lotte Vietnam shopping, Lotte sea logistic, Lotte Vina International, Lotte Cinema Vietnam and Lotte E&C.

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