PetroVietnam Construction JSC, a subsidiary of state-owned Vietnam Oil and Gas Group, has announced it will build the country’s tallest tower in Hanoi with an investment of more than US$1 billion.

The 102-story PVN Tower has surpassed the 70-story Hanoi Landmark Tower to become the highest building licensed in the country so far, the Vietnam Economic Times reported on Friday.

PetroVietnam Construction has convened a group of experts to implement the project. The tower will be built on a 25 hectare area in Hanoi’s Tu Liem District. The construction date has not been released.

(Source: Thanhniennews)