PetroVietnam Fertiliser Chemicals Corp (PVFCCo), PetroVietnam Finance Joint Stock Corp (PVFC) and PetroVietnam Oil Corp (PV Oil) started construction work on an official building in Q1, HCM City on January 30, 2010.

The project’s investor was PetroVietnam Fertiliser Chemicals Corp (PVFCCo), and PVFC as the main contractor. The new office building included three basements and 14 storeys with total construction area of 16,355 square metres, and campus area of about 1,750 square metres.

The total investment capital for this project was estimated at 758 billion dong, in which PVFCCo contributed 33 percent of the total, PVFC of 42 percent and PV Oil of 25 percent.

The new office building is expected to be opened and put into operation in the end of Q1 of 2011.