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Golden Silk project valued at $85m

Update: March, 17/2012 - 08:48

HA NOI — Vinaconex 2 (VC2) would need an estimated capital of VND215 billion (US$10.24 million) this year for its Golden Silk development project in Ha Noi, shareholders heard at their annual meeting on Monday.

Covering an area of 26.9ha with initial investment totalling VND1.78 trillion ($84.86million), land clearance for the project has already been completed.

When finished, prices are expected to be below VND20 million ($952) per square metre, according to Vu Trong Quynh, general director of VC2.-VNS

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