Vietcombank agrees to fund Indochina Plaza Hanoi

Vietcombank representatives signed an agreement in Hanoi on Feb. 19, committing to the provision of $US44 million to fund the development of Indochina Plaza Hanoi, a mixed-used complex managed by Indochina Land.

The $US145 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.