Speaking at the groundbreaking ceremony, President of the union Huynh MinhThien affirmed that the project is a manifestation for the fine sentimentsbetween the two countries and their people.
Licensed by the municipal People’s Committee in 2010, the building will comprise21 storeys with around 13,700 sq.m of floor area. Its construction is expectedto be completed in two years.
Once put into use, the building will also be the headquarters of the Ho ChiMinh City Union of Friendship Organisations.
Vietnam and Slovakia established diplomatic relations in1950. Since then, the bilateral ties have developed continously, especially in trade and investment.
Trade turnover between Vietnam and Slovakia has grown 40times compared to 2004. In the first 10 months of 2017, two-way trade reachedabout 630 million USD, up 80 percent against the same period last year, makingSlovakia one of Vietnam’s most important trading partners in Central andEastern Europe.
Slovakia invested in nine projects in Vietnam with totalcapital of 247 million USD, making it 36th among 128 countries investingdirectly in Vietnam.-VNA