A 35-floor building for eastern Ho Chi Minh City

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Báo Đầu Tư English - 82 month(s) ago 15 readings

A 35-floor building for eastern Ho Chi Minh City

Petrosetco has begun construction of a multi-storied building Petrosetco-SSG Group in Ho Chi Minh City’s Binh Thanh district.

Boasting a total area of 19,592 square metres with 35 floors and a 100,000sqm commercial floor area, it will be a general building for trading and office services. The $15 million project will be completed in mid 2013.

At the same time, two firms launched Petrosetco-SSG Group joint venture. At first, it will manage the construction of Petrosetco-SSG Group project and then will be in charge of real estate projects of Petrosetco and other partners. Its charter capital is VND500 billion.

Petrosetco is specialised in electronics product distribution and logistics. Real estate is new business that is great potential for Petrosetco.

With VND10 trillion ($483 million) in revenue and VND220 billion ($10.6 million) in profit last year, Petrosetco was ranked 67th in Vietnam’s list of 500 biggest companies.

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