Vietnam grants "gold' land lot to German embassy

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Vietnam on Tuesday granted the license of one of the most sought-after land lots in Ho Chi Minh City's downtown to the German Embassy to build the base of all German organizations in the city.

Located at the intersection of Le Duan and Le Van Huu streets in District 1, the 3,500-square-meter-plus lot was given to the Embassy for use for 99 years beginning October 7, for the total rental of VND1.

The project's agreement was signed on October 11 during Chancellor of Germany Angela Merkel's visit to the city, marking the countries' relationships' upgrade to strategic partnership.

VnExpress quoted Deputy Foreign Minister Ho Xuan Son as saying that the base, known as the German common house, will be designed to guarantee the best conditions for the operations of the German general consulate and other organizations, as well as German businesses in HCMC.

The online newspaper said the land lot is usually rented out for short-term commercial projects.

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