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1 - Bitexco

1 - Bitexco

1 -

PRESS RELEASE For immediate release Vietnam welcomes new landmark with ground breaking of The ONE Ho Chi Minh City The ONE Ho Chi Minh City to have luxurious Ritz Carlton Hotel Ho Chi Minh City, 26 th April 2012 – The Bitexco Group is breaking ground tomorrow (27 th April 2012) on the most exciting property development in this city since the inauguration of the iconic Bitexco Financial Tower in 2010. Strategically located in the historic heart of Ho Chi Minh City, The ONE Ho Chi Minh City will be another Bitexco-led symbol of Vietnam’s emerging prominence on the global stage. More than 300 guests from government ministries and the private sector will attend the significant event which is being officiated by Mr. Nguyen Van Dua – Deputy Secretary of the HCMC Party Committee; Mr. Le Hoang Quan – Chairman of the People’s Committee; Mr Pham Huy Thong – Deputy Secretary of the District Party Committee; and Mr. Tran Vinh Tuyen – President of the People's Committee of District 1. They will also witness an agreement signing between the Bitexco Group and The Ritz Carlton Hotel Company LLC, under which the American luxury hotel chain will manage a five-star Ritz Carlton Hotel in The ONE Ho Chi Minh City. The 250-room hotel will be Ritz Carlton’s first in Vietnam, underlining the hotelier’s confidence in Vietnam’s business and tourism growth. During the event a Financing Investment Agreement will also take place between Mr. In-Suk Ko – CEO of Bitexco Group and Mr. Le Duc Tho – Deputy Director of Vietnam Joint Stock Commercial Bank For Industry & Trade (Vietin Bank) Mr. Vu Quang Hoi, Chairman of Bitexco Group of Companies, said: “Bitexco is honoured to be the developer of The ONE Ho Chi Minh City which will raise the benchmark for luxury and sophisticated lifestyle in Vietnam. We have embarked on this journey with one of the world’s leading luxury hotel chains, Ritz Carlton, which will usher new levels of luxurious hospitality in Vietnam. Bitexco believes in partnering with the world’s best and with that, we are also confident that top tier multi-national corporations will want to take up office space in The ONE Ho Chi Minh City’’ 1

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