The construction begins on September 22 (Photo: VNA)

Hanoi (VNA) - The Vietnam Construction and Import-Export Corporation 2 (Vinaconex 2) began building Block B of the Kim Van-Kim Lu (Golden Silk) project in a new urban area of Hanoi in Dai Kim Ward of Hoang Mai district on September 22.

Covering an area of 5,600sq.m, the building will have 45 floors, making it the city's highest apartment building.

The first four floors will be reserved for a leasing office and a trade centre. With an investment of 1 trillion VND (45 million USD), the construction is expected to be finished in the third quarter of 2018, providing 604 apartments ranging from 43sq.m to 100sq.m.

The apartments will be offered for sale in December this year, according to the project's investor. The target customers will be middle-income earners.

At the ground breaking ceremony, Vinaconex 2 signed a credit contract worth 800 billion VND with the Bank for Investment and Development of Vietnam.-VNA