The project was funded by Petrosetco General Services Joint Stock Corporation – a member of the Vietnam National Oil and Gas Group (PVN).

Nguyen Huu Thanh, chief executive officer of Petrosetco, said at the ceremony that the 12 storey building was completed after more than a year of construction to meet the demand of PVN specialists and the local people.

Six storeys are reserved for high-end apartments, two for rented office space, one for a 300-seat convention centre, one for banking and financial services, one for bars and restaurants, and one for other support services.