Earlier this week, Tuoi Tre reported that HCMC and the German General Consulate have agreed on a 99-year lease for a prime piece of real estate in the heart of downtown for the low, low price of VND1. No, that's not a typo.
The 25 story ‘German House’ will occupy a 3,500-square-meter plot at 3-5 Le Van Huu Street and will “provide a joint domicile for all the German institutions operating there as well as for interested German entrepreneurs,” according to the German foreign ministry’s website.
Plans for the building have been in the works since October 11, 2011 when German Chancellor Angela Merkel visited Vietnam.
