At an estimated height of 528 metres and total investment capital of US$1.2 billion, the tower will house a complex of trade centres, offices, and apartments. It will be built on a 25ha site in Me Tri commune, Tu Liem district, Hanoi.

The Chairman of PVN’s Management Board, Trinh Xuan Than, says that the company will select one of the world’s three most famous architects to build the tower.

The architects include Argentina’s Cesar Pelli who designed the Petronas Twin Tower (452 metres high) in Malaysia, Adrian Smith from the US with the world’s tallest building the Dubai Tower (828 metres high) and Australian Karl Fender with Eureka Tower.

The selection of the chief architect will be concluded in August. Construction of the tower is expected to start in early 2011 and to be completed in two to three years.