UK firm wins Vietnam order

UK firm wins Vietnam order

HANOI (Reuter): John Laing International of Britain said on Saturday it had won a US$32 million contract to build an office tower in Ho Chi Minh City.

It said in a statement it had been awarded the main superstructure contract for a 25-story tower, the first phase of the Saigon Center, a retail, office, hotel and residential development that will eventually have five high-rise buildings.

Construction of the tower is due to start at the end of next January and to be completed by the end of July 1996.

Partners in the joint venture project are First Pacific Davies, Singapore's Straits Steamship Land and two Vietnamese companies.

John Laing said it was the first British contractor to win a major construction contract in Ho Chi Minh City, Vietnam's biggest city and main commercial center.