PetroVietnam Finance Real Estate Joint Stock Co (PVFC Land) under PetroVietnam Finance Corp (PVFC) has officially kicked off the construction project of PVFC’s branch in Hai Phong City on July 04.

The new building will have 19 storeys and one underground basement. The project’s total investment capital is posted at 193 billion dong. The construction work is expected to be finished in Q4 of 2011.

Recently, PVFC has put into operation its two branches in provinces of Nam Dinh and Ba Ria-Vung Tau. The company plans to open PVFC branches in Thanh Hoa and Da Nang in 2010 and HCM City branch in 2011.

In early 2010, PVFC is also officially opening the PetroVietnam Finance Centre located at No 22 Ngo Quyen St, Hanoi. This project, with the total investment capital of 684 billion dong, was built on a site of 1,405 squares metres.