The 250-room hotel is set to open in 2017 and will be located in the historic centre of Saigoni9 adjacent to the famous Ben Thanh Square market, in a 48-storey tower.
The Ritz-Carlton, Saigon is part of a development project called The One Ho Chi Minh City, which also includes prime office space, retail outlets and 350 luxury apartments.
Award-winning US architect Bernardo Fort-Brescia of Arquitectonica Architects, drew inspiration from Vietnam's legendary dragon.
He described the towers as a representation of two dragons rising from the ground with their tails coiled and pearls dangling from their mouths.
In Vietnamese culture, dragons, especially in pairs, are a powerful life symbols representing prosperity and growth.
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