Located in a prime location, Vietcombank Tower is a Grade A rental building and commands a higher price compared to many neighboring buildings. The rental rate is approximately 34 USD/m2 (850,000 VND/m2).
Vietcombank Tower – the tallest building on the far right. (Photo: B.L)
Vietcombank Tower is operated by the VBB joint venture, comprising Vietcombank Bank, Bonday Investment Joint Stock Company, and Ben Thanh Tourist Company.
According to Vietcombank’s annual report, VBB is a joint venture between Vietcombank and Ho Chi Minh City Commercial Services Company (Setra Corp) and Bonday Investments Ltd. (Hong Kong – China). Vietcombank holds a 52% stake, Setra Corp 18%, and Bonday 30%.
The building has been in operation since November 7, 2015, with a structure of 4 basements, 1 ground floor, and 35 stories. It has a floor area of nearly 1,200 m2, with a total usable area of 55,000 m2 for offices.
Office leasing has generated significant revenue for VBB, with profits reaching hundreds of billions of VND annually. Specifically, in 2022, the building’s occupancy rate was 98%, with a pre-tax profit of over 183 billion VND.
In 2023, Vietcombank Tower maintained a high occupancy rate of 96.5%, resulting in a pre-tax profit of nearly 221 billion VND. This means that the building earns over 18.3 billion VND in profit each month solely from office rentals.
Vietcombank Tower earns hundreds of billions of VND in profit annually. (Photo: D.V)
According to VTC News’ investigation, Vietcombank Tower offers office spaces for rent in various sizes, including 300 m2, 600 m2, 830 m2, and 1,170 m2. The building utilizes 15 elevators, and the management fee is 7 USD/m2. Motorcycle parking costs 350,000 VND/month, while car parking is priced at 3.5 million VND/month.
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