The Viet Nam National Oil and Gas Group (PetroVietnam-PVN) is negotiating with two foreign partners namely Hong Kong-based GoldStone International Development (GID) and Korea-based ABA Corp to choose a partner for the five-star hotel complex in Hanoi's Me Tri.
As planned, PVN plan to invest 29% in a joint venture in this project.
In the first phase of the project a complex of five star hotel, office buildings and high-ranking apartments with a total investment of US$450 million, will be built. The second phase would see an entertainment area, trade centre and other works with a total investment of US$1.5 billion.
PetroVietnam negotiating to choose partner for its five star hotel complex
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