BIDV TOWER

What BIDV TOWER does

BIDV Tower Joint Venture Company (Công ty Liên doanh Tháp Ngân hàng Đầu tư và Phát triển Việt Nam) operates a single Grade A international standard office tower in Hanoi's Hoan Kiem central business district, at 194 Tran Quang Khai. The 25-storey building with 2 basements provides more than 33,000 sqm of gross floor area, with approximately 1,000 sqm of net leasable space per floor. It was developed under a 45-year Investment License granted on 2 November 2005 by Vietnam's Ministry of Planning and Investment, with US$49 million of total investment, and has been operational since early 2010. The joint venture is held 55% by the Bank for Investment and Development of Vietnam (BIDV) and 45% by Singapore-based BloomHill Holdings Pte Ltd, with a 6-person management team supported by Savills Vietnam as property manager.

The building's core product is premium office space for lease, marketed to large enterprises, multinational corporations, embassies, and financial institutions. Building infrastructure comprises Schuco (Germany) reflective double-glazed curtain walls, Trane (USA) central air conditioning under EU standards, twelve Mitsubishi high-speed elevators, 2,000 KVA backup power, EVN telecommunications infrastructure, and an intelligent Building Management System governing operations. A serviced office offering on Floor 13 serves smaller tenants and market entrants. Anchor occupier BIDV's headquarters consumes approximately 50% of the building (floors 14-24, ground, mezzanine, and 2nd floor), with the remaining space leased externally under 2-5 year contracts, quarterly billing, and a US$7/sqm/month service charge bundled into gross rent.

Revenue is generated exclusively from subscription/recurring office leasing, parking (US$130/bay/month for cars, US$10/bay/month for motorbikes), serviced office rentals, and in-house amenities (banking, stock exchange access, F&B). The asset was the first building in Vietnam to receive Singapore BCA's Architect and Engineering Safety Excellency Award (2010) and won the Vietnam Trade Services Award 2013, supporting consistent 90%+ occupancy since opening. All go-to-market activity is direct enterprise leasing; there is no intermediary distribution channel, no external financing rounds, and the entity operates exclusively in Vietnam under Vietnamese investment licensing.

Name

BIDV TOWER

Legal name

Công ty Liên doanh Tháp Ngân hàng Đầu tư và Phát triển Việt Nam

Website

https://bidvtower.com.vn

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

BIDV Tower Joint Venture Company operates a 25-storey Grade A office building in Hanoi's Hoan Kiem CBD, leasing premium workspace to multinationals, embassies, and its 55% parent BIDV (occupying ~50% of space), with property management handled by Savills Vietnam.

Ownership category

akta.pro rank

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales

Revenue model

1. Office Space Leasing: Revenue generated from leasing Grade A office space to external tenants. Approximately 50% of building space is occupied by BIDV headquarters, with remaining space available for external tenants including enterprises, embassies, and multinational corporations. The building also offers serviced office leasing on Floor 13.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

BIDV Tower leases Grade A international-standard high-rise office space across 25 storeys and 2 basements totalling more than 33,000 sqm of gross floor area in central Hanoi, Vietnam. Approximately 50% of the building is occupied by BIDV headquarters, with the remaining space leased to external enterprises, embassies, and multinational corporations; Floor 13 additionally offers serviced offices for smaller tenants. Building operations are professionally managed by Savills Vietnam, with premium facilities including central air conditioning, raised flooring, intelligent building management, backup power, and on-site amenities.

Product overview

BIDV Tower is a single-property Grade A commercial office building operated by BIDV Tower Joint Venture Company. The core product is premium office space for lease spanning 25 floors plus 2 basement levels with approximately 33,000 sqm of gross floor area. The property offers a serviced office option on Floor 13 for smaller tenants, complemented by in-house amenities including banking services, stock exchange access, and food & beverage outlets. Building management is handled by Savills Vietnam, and approximately 50% of the space is occupied by BIDV's head office while the remainder is leased to external tenants.

Differentiator

Problem solved

Functional benefit

Products and services

• BIDV Tower Grade A Office Space Grade A international standard high-rise office building offering 25 storeys and 02 basements with approximately 1,000 sqm of net leasable area per floor, central air conditioning under EU standards, raised flooring for flexible cable management, intelligent Building Management System, 100% backup power, 12 high-speed Mitsubishi elevators, and on-site amenities. Managed by Savills Vietnam; leased to large enterprises, multinational corporations, financial institutions, and embassies on 2-5 year contracts billed quarterly.
• Serviced Office (Floor 13) Fully furnished serviced office space on Floor 13 offering ready-to-use offices with equipment and amenities, targeting tenants with smaller staff numbers or those newly exploring the Vietnamese market who want flexible lease terms and a prestigious CBD address without fit-out requirements.
• In-House Services & Tenant Amenities On-site amenities for tenants including bank services, automated banking (ATM), stock exchange access, air ticketing service, Mio café, Hoang Gia club, and restaurants — providing convenience and a full-service environment for occupiers within the building.

Quantifiable outcome

• 97% occupancy rate maintained, consistently above 90% since 2010
• +2 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• Bank for Investment and Development of Vietnam (BIDV)coreStrategic or Co-development Partner · 2 November 2005BIDV is the 55% majority shareholder in the BIDV Tower Joint Venture Company. The joint venture was established under Investment License No.2523/GP dated November 2, 2005, granted by the Ministry of Planning and Investment. BIDV occupies approximately 50% of the building space as its headquarters.
• Savills VietnamcoreImplementation/ SI/ Consulting PartnerProfessional property management company providing building management services for BIDV Tower. Savills Vietnam manages the building operations, maintenance, and tenant services to ensure Grade A international standard quality.

Scale indicators9 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Keangnam Landmark Tower: Large mixed-use complex in Hanoi including Grade A office space. Comparable Vietnam Grade A office asset competing for premium tenant demand in the same city.
• Capital Place: Grade A office tower in central Hanoi targeting multinational corporate tenants. Directly competes with BIDV Tower for similar enterprise and embassy customers in the same geography.
• Lotte Center Hanoi: 65-story mixed-use tower in central Hanoi offering Grade A office space. Direct competitor to BIDV Tower for premium multinational and embassy tenants in the Hanoi CBD.

Emerging players

• Indochina Capital: Vietnamese real estate developer and investor with Grade A office developments. Comparable as a Vietnam-focused commercial real estate operator with premium office exposure.
• VinaCapital: Vietnamese investment management firm with significant commercial real estate exposure including office assets. Comparable Vietnam-focused real estate investor/operator with overlapping tenant and asset class.

Regional players

• Saigon Centre (Keppel Land): Premium Grade A office and retail complex in Ho Chi Minh City. Comparable in product tier and Grade A positioning, but located in Vietnam's other major CBD.
• Bitexco Financial Tower: Iconic Grade A office tower in Ho Chi Minh City operated by Bitexco Group. Comparable premium Vietnam office asset, but in HCMC rather than the Hanoi CBD.

Others

• Savills Vietnam: Property management partner for BIDV Tower. Adjacent ecosystem participant providing Grade A building management services across Vietnam, including for BIDV Tower itself.

Broad incumbents

• CapitaLand (Vietnam): Asian commercial real estate major with Grade A office properties across Asia including Vietnam. Comparable as a larger incumbent operator in the regional office space.
• Sunwah Group: Hong Kong-based conglomerate with significant Vietnamese commercial real estate including office towers in Hanoi and HCMC. Larger, broader incumbent commercial real estate operator active in the same country.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/bidv-tower

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BIDV TOWER