The Prime Minister has allowed the Vietnam Television (VTV) and the State Capital Investment Corporation (SCIC) to set up a joint-stock company to invest in the building of the Vietnam TV tower project in Hanoi.

The tower, expected to be one of the tallest of its kind in the world, will be a highlight of the capital’s architecture and have huge impact on the television, tourism and investment sectors of the city.

It also plays a crucial role in urban development and will be given highest preferential policies according to legal regulations.

The VTV should seek private business partners with the financial capacity to contribute capital to the joint-stock company to launch business services when the tower is commissioned.

During the preparation and the implementation of the project, the Prime Minister will decide on methods to select contractors to maximise the efficiency of the project.

The Vietnam TV tower has been designed across over 14 hectares at the urban centre Tay Ho Tay (West of West Lake).-VNA