[2][3] The 461.2-metre (1,513 ft) tall, 81-story building is located where the Newport logistics base was on the western banks of the Saigon River in Bình Thạnh District, the northeast side of Ho Chi Minh City's historic center and to the immediate southern side of Saigon Bridge.

The tower is built at the heart of Vinhomes Central Park, a $1.5 billion high-end mixed-use urban area.

The development comprises Autograph Collection hotel and conference facilities, luxury apartments, high-end retail spaces, restaurants, bars, and a multi-story observation deck.

In October 2017, construction reached floor 69, and with a height of 270 metres (890 ft), surpassing the Bitexco Financial Tower to become the tallest building in Ho Chi Minh City.

[4] The building's base, which takes up 6 floors with a total space of 50,000 m2 (540,000 sq ft), was opened on 26 July 2018 to mark the 25th anniversary of its owner's parent company, Vingroup.