PetroVietnam Construction Joint Stock Corp (coded PVX) has announced that its member company, PetroVietnam Construction Investment Joint Stock Co (PVCI) was preparing for investment in two real estate projects in Hanoi and Thai Nguyen province.
On March 10, Hoang Mai District People's Committee issued a decision to assign PVCI and Xuan Cau Co Ltd as the main investors for construction project of Truong Dinh Trade Centre.
The new trade centre has total area of 3,745 square metres on Truong Dinh St, Hoang Mai Dist with investment capital of 250 billion dong. The construction works was expected to be started in Q1 of 2011 and completed in Q4 of 2012.
At the same time, Thai Nguyen Province People's Committee officially approved for investment project submitted by PVCI and Germany-based Construction Import-Export Co to build European complex of trade centre, offices and apartment in Thai Nguyen province.
The new complex is sited on an area of 4,085 square metres in the centre of Thai Nguyen City with total investment capital of 100 billion dong. The project is expected to be kicked off in Q4 of 2010.
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