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Saigon One Tower Becoming IFC One, Saigon

Posted by Khoi Pham on March 8, 2022

Viva Land and many other partners are preparing to implement the IFC One, Tower. The project, formerly known as Saigon One Tower, has been abandoned for more than 10 years.

In fact, the information that Viva Land “revived” the Saigon One Tower and changed its name to IFC One, Saigon has appeared since the end of 2021, but until now, according to records around the project land fence & new signs clearly show the information of the developer as well as the partners will jointly implement this project in the near future.


Overview of the IFC One, Saigon and implementation partners

  • Project name: IFC One, Saigon (Former name Saigon One Tower)
  • Location: corner of Ham Nghi – Ton Duc Thang, District 1, HCMC
  • Total land area is 6,672m2
  • 41-storey high
  • Total floor area is 124,100m2
  • Types of products include: Offices for rent, apartments to live in and commercial centers
  • Developer: Viva Land
  • Architectural design: Serie MPly
  • Interior design: Gensler
  • Constractor (Expected): Coteccons
  • Mass monitoring unit: RLB (Rider Levett Bucknall)
  • MEP contractor: Tuong Viet


IFC One, Saigon (formerly known as Saigon One Tower) is located in the most prime location of Ho Chi Minh City, but abandoned for many years, the leaders of the People’s Committee of Ho Chi Minh City addressed the building makes the city look bad. Photo: Thanh Nien

Construction of Saigon One Tower started in 2007 but in 2011, when it was about 80% complete, construction was suddenly stopped.

In addition, Viva Land is also the developer and manager of the great project Saigon Peninsula, District 7, Ho Chi Minh City with an area of ​​118 hectares.

The real estate company established in 2019 is also taking on the role of project manager of Waterfront Saigon, Robinson Point, renovating project of Project GP.

Viva Land has a charter capital of VND 2,000 billion (~USD 87 million) with the original name Ciricus Power JSC. The founding shareholders include Ms. Nguyen Thi Kim Khanh (30%), Ms. Nguyen Thi Ngoc Mai (25%) and Ms. Duong Thi Hanh (20%).

Metro Star: Another Abandoned Project Showing Signs Of Reconstructing

Another project not owned by Viva Land, but has the same feature of being abandoned for a long time, Metro Star of C.T Group is showing signs of rebuilding.

Metro Star has just completed a part of the foundation

Communication by the developer, C.T Group, will complete the project in 2022.

However, reality shows that with the current progress, the project can hardly be achieved as advertised.

Currently, customers who buy Metro Star have been contacted by the developer to sign a sales contract and promote the next payment.

The pedestrian bridge directly connecting the project with the Metro station is also under construction.

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