VP Bank Tower GRADE A

Building Overview

Officially put into operation in 2016 by CBRE Vietnam, VP Bank Tower has quickly established itself as one of the iconic Grade A office buildings in the Dong Da wardt. Developed by Lang Ha Tower Co., Ltd., the project features 29 stories and 03 basement levels with a massive total office floor area. Designed in compliance with LEED certification standards, the building not only provides a professional working environment but also ensures energy optimization and environmental friendliness.

With a typical floor plate of up to 1200 sqm/floor, VP Bank Tower offers highly flexible space division solutions for large-scale enterprises. A careful analysis of the operational pros and cons here will give businesses a comprehensive view before deciding to establish their headquarters.

Location and Connectivity

Located at 89 Lang Ha, Dong Da Ward, Hanoi, VP Bank Tower possesses an outstanding advantage by sitting right at the arterial commercial intersection of Lang Ha - Thai Ha - Huynh Thuc Khang. This road axis is the central connection point between Ba Dinh, Dong Da, Cau Giay, and Thanh Xuan ward, creating extremely favorable commuting conditions for employees and partners.

• Lang Ha - Giang Vo road axis: Connects directly from the old administrative center to the West, linking quickly to the city's main ring roads.
• Thanh Cong Lake Park and National Cinema Center: Positioned opposite and adjacent to the building, offering refreshing green space and serving as ideal venues for diplomatic meetings and client receptions.
• Noi Bai International Airport: Approximately 30 minutes away via Vo Chi Cong Street and Nhat Tan Bridge, optimizing travel time for executive business trips.
• Surrounding utility ecosystem: Densely populated with major bank branches, culinary restaurants, shopping centers, and premium office cafe chains, fully meeting daily lifestyle needs.

Technical Specifications and Operations

The building is equipped with a synchronous and high-end technical infrastructure system of international standards, delivering superior operational efficiency for businesses.

• Scale & Floor plate: 29 stories and 03 basement levels; typical floor plate of 1200 sqm/floor designed squarely to optimize actual usable area.
• Ceiling height: Reaches a standard of 2.65 m, providing an airy working environment and easy installation of technical ceiling systems.
• Elevator system: Equipped with 08 high-speed Mitsubishi passenger elevators and 02 heavy-duty car lifts, minimizing waiting times during peak hours.
• Air conditioning system: Modern central air conditioning system, ensuring stable temperature maintenance and even fresh air distribution across the floor.
• Backup power: 100% backup power generator capacity to maintain full building operations during power grid failures.
• Parking space: 03 spacious basement levels, fully meeting the parking needs of motorbikes and cars for both staff and visiting clients.
• Standard working hours: Monday - Friday: 8:00 AM - 7:00 PM; Saturday: 8:00 AM - 2:00 PM.

Leasing Costs and Commercial Terms

From a financial perspective, VP Bank Tower applies transparent and highly competitive rental policies within the Grade A office segment in central Hanoi.

• Reference rental price: $21 - $23 /sqm/month (rates may vary depending on the floor level and the time of lease signing).
• Service fee: 6 USD/sqm/month (covering management, operation, and general system maintenance).
• VAT: 10%.
• Motorbike parking fee: 5 USD/motorbike/month.
• Car parking fee: 100 USD/car/month.
• Electricity consumption: Included in service charge for central air conditioning during standard working hours.
• Overtime fee (OVT): Negotiable based on the actual operational needs of the business.
• Minimum lease term: Minimum 3-year lease to ensure operational stability.
• Deposit & Payment: 3-month deposit - Quarterly payment in line with market practices.

Suitable Tenant Profiles and Checks

As an iconic financial tower, VP Bank Tower is the ideal choice for multinational corporations, financial institutions, banks, technology firms, and large-scale enterprises looking to assert their brand prestige in central Hanoi. To optimize costs and functionality, businesses should pay attention to the following practical inspection points:

• Net vs. Gross area ratio: Carefully measure the net usable area against the gross area to establish the most optimal floor plan design.
• Parking capacity during peak hours: Physically assess the capacity of the 3 basements during morning and afternoon peak hours to plan staff vehicle coordination.
• Elevator efficiency: Evaluate the travel speed of the 8 Mitsubishi elevators during lunch hours and early mornings to estimate waiting times.
• Overtime charges: Clearly negotiate overtime (OVT) fees if the business has specific night-shift operations or works continuously 24/7.

Advisory Conclusion

VP Bank Tower converges all the core values of an international standard Grade A office, from its strategic commercial location and outstanding construction quality to its professional management by CBRE. This is undoubtedly a solid launchpad to elevate the position and optimize the working performance of any enterprise. Contact GRES specialists today to receive a detailed quote, updated vacant areas, and support for a completely free site survey.