The degraded state of the trillion-dollar tower located on Hanoi's golden land

NGỌC THÙY |

After many years of being vacant when only the body was built and the construction and installation of the underground structure was completed, up to now, the Vicem Tower (at lot 10E6 Cau Giay New Urban Area, Nam Tu Liem District, Hanoi ) is being promoted by the investor in licensing procedures and adjusting the project to continue construction .

On July 14, according to Lao Dong's records, Vicem Tower was unfinished and located in a prime location adjacent to Pham Hung Street - Mac Thai To Street and Ring Road 3.
On July 14, according to Lao Dong's records, Vicem Tower was unfinished and located in a prime location adjacent to Pham Hung Street - Mac Thai To Street and Ring Road 3.
The project has just completed the rough part of the building. The construction site does not have any construction activities, wild grass grows in many places, the surrounding fence has deteriorated and many areas inside have been flooded.
The project has just completed the rough part of the building. The construction site does not have any construction activities, wild grass grows in many places, the surrounding fence has deteriorated and many areas inside have been flooded.
The building is located "bare bones" in the middle of prime golden land in Nam Tu Liem district.
The building is located "bare bones" in the middle of prime golden land in Nam Tu Liem district.
Some items show signs of deterioration and are covered with moss.
Some items show signs of deterioration and are covered with moss.
Ms. Bui Lan Huong (residing on Mac Thai To street) shared that the project has existed for nearly 10 years and is gradually falling into disrepair. Previously, this area had very few high-rise buildings. After many years of urbanization, roads have been newly built and developed, but this building is the only one that has not been completed.
Ms. Bui Lan Huong (residing on Mac Thai To street) shared that the project has existed for nearly 10 years and is gradually falling into disrepair. Previously, there were very few high-rise buildings in this area. After many years of urbanization, roads have been newly built and developed, but this building is the only one that has not been completed.
Some residents said that the project was surrounded by corrugated iron for a long time, and inside was flooded, so there were many mosquitoes and gnats around, making the area unkempt and losing urban aesthetics.
Some residents said that the project was surrounded by corrugated iron for a long time, and inside was flooded, so there were many mosquitoes and worms around, making the area unkempt and unsightly.
It is known that the Vicem Tower belongs to the Vicem operating and transaction center tower project invested by Vietnam Cement Corporation (Vicem) - an enterprise represented by the Ministry of Construction with 100% state capital. , was granted an investment certificate in 2010, started construction in 2011 with a scale of 31 floors, 4 basements, total construction investment capital after adjustment is about 2,743 billion VND.
It is known that the Vicem Tower belongs to the Vicem operating and transaction center tower project invested by Vietnam Cement Corporation (Vicem) - an enterprise represented by the Ministry of Construction with 100% state capital. , was granted an investment certificate in 2010, started construction in 2011 with a scale of 31 floors, 4 basements, total construction investment capital after adjustment is about 2,743 billion VND.
The construction project is intended to serve as the headquarters of the corporation, its member units, a conference hall and a commercial center to promote products.
The construction project is intended to serve as the headquarters of the corporation, its member units, a conference hall and a commercial center to promote products.
However, after 5 years of completing the rough construction of the tower and the underground structure, in August 2015, this building suddenly stopped construction, leaving it abandoned and wasted until now.
However, after 5 years of completing the rough construction of the tower and the underground structure, in August 2015, this building suddenly stopped construction, leaving it abandoned and wasted until now.
According to the investor's report, in the period 2016-2021, this unit repeatedly requested the Ministry of Construction to allow planning and finding partners to transfer the tower to repay investment capital. After that, the Ministry of Construction reported and received the Prime Minister's approval for Vicem to transfer the project in 2017.
According to the investor's report, in the period 2016-2021, this unit repeatedly requested the Ministry of Construction to allow planning and finding partners to transfer the tower to repay investment capital. After that, the Ministry of Construction reported and received the Prime Minister's approval for Vicem to transfer the project in 2017.
However, the transfer process encountered many difficulties and problems regarding investment and land laws, and the arrangement and handling of real estate assets belonging to state-owned enterprises, causing the transfer process to not be completed. Therefore, Vicem has written to request the Ministry of Construction to report to the Prime Minister approving the policy of continuing to invest and complete the tower.
However, the transfer process encountered many difficulties and problems regarding investment and land laws, and the arrangement and handling of real estate assets belonging to state-owned enterprises, causing the transfer process to not be completed. Therefore, Vicem has written to request the Ministry of Construction to report to the Prime Minister approving the policy of continuing to invest and complete the tower.
Regarding this project, recently, the investor representative said that the unit is currently completing licensing procedures and readjusting the project in the direction of reducing investment scale to continue construction and put it into operation. utilization. It is expected that the project will be put into operation by the end of 2025 or early 2026.
Regarding this project, recently, the investor representative said that the unit is currently completing licensing procedures and readjusting the project in the direction of reducing investment scale to continue construction and put it into operation. utilization. It is expected that the project will be put into operation by the end of 2025 or early 2026.

The Vicem operations and transaction center project was approved on an 8,476 m2 plot of land at 10E6 Cau Giay New Urban Area, with a total floor area of ​​about 78,270 m2, of which the surface area is about 54,000 m2, meeting 200 parking spaces. implicit.

The total initial investment of the project is 1,952 billion VND. However, the investment capital subsequently increased to 2,743 billion VND (an increase of nearly 800 billion VND).

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