Rol.vn

Realty project management firm makes its debut

3/4/2010 12:37:23 PM

VinaProjects - a joint venture between the VinaCapital Group and the inProjects Group - made its debut in Ho Chi Minh City yesterday, providing real estate services.

The company’s real estate services include project management, construction management, urban planning and facilities management in the Vietnamese market.

The VinaProjects is currently carrying out key urban development projects worth more than US$500 million in Ho Chi Minh City, Hanoi and Da Nang.

Matt Fletcher, Managing Director of inProjects - the leading independent project management group in Asia - lauded the Vietnamese market’s huge potential. The group’s target is to make the VinaProjects, and more importantly Vietnam, well known for the development of large-scale, high-quality projects.

This view was shared by the VinaCapital General Director, Don Lam, who said that his group was developing a number of major property projects in the country and wanted to apply international standards to their implementation.

As a leading asset management and property development firm in Vietnam, the VinaCapital is managing assets worth a total of US$1.6 billion.

Rol.vn - Source: Vietnews

Korean firm to build $100 million tower in Hanoi

3/1/2010 1:32:55 PM

South Korea’s Kumho Industrial Co., Ltd Thursday signed a contract with Kinh Bac City Development Share Holding Corporation (KBC) to become the main contractor of a US$100 million office and commercial complex in Hanoi.

The Kinh Bac Hanoi Tower, the first project of KBC this year, will include 32 floors covering a total area of 70,000 square meters which is dedicated to office space and shopping venues.

Work on the project would start in the first quarter of this year, KBC chairman Dang Thanh Tam told Thoi Bao Kinh Te Sai Gon (Saigon Economic Times) newspaper.

The building, at 1A, Lang Ha Street, Dong Da District, is scheduled for completion after 32 months of construction.

It is part of a strategic cooperation agreement signed between the two companies last October on the occasion of a business forum between Vietnam and South Korea in Hanoi.

KBC is an affiliate of the Saigon Invest Group, which has business interest in real estate, banking and finances, telecommunications, energy, mining, manufacturing in Vietnam.

The company will also replace Japan’s Riviera Corporation to develop the $500 million Lotus Hotel project near the National Convention Center in Hanoi.

Kumho Industrial is a subsidiary of Kumho Asiana Group, a South Korean conglomerate with subsidiaries in the automotive, industry, leisure, logistic, chemical and airline fields.

The group is also the developer of the commercial and residential Kumho Asiana Plaza opening last year in Ho Chi Minh City.

Rol.vn - Source: Vietnews

Taiwan’s Formosa to build steel plant in Vietnam

2/24/2010 8:10:13 AM

Formosa Plastics Group, one of Taiwan’s largest industrial conglomerates, said Monday it plans a stainless steel plant in Vietnam, with local media citing a budget of over US$3 billion.

The plant will be part of a steel mill complex that the conglomerate intends to build in the central Vietnamese province of Ha Tinh, a group official told AFP.

The official said a timetable of the construction of the stainless steel plant had not been finalized, and declined to disclose further details.

The Taipei-based Economic Daily News reported Monday the plant will cost the group 100 billion Taiwan dollars (US$3.1 billion).

The newspaper said the planned stainless steel plant is expected to roll out two million metric tons a year.

Earlier this year, the group, whose interests range from petrochemicals to semiconductors, said it planned a stainless steel plant in Fujian province in southeast China with an annual capacity of one million metric tons.

Rol.vn - Source: Thanhnien News

Vietnam’s real estate project contributes to Laos’ development

2/22/2010 12:52:50 PM

The real estate and golf course project on the outskirts of Vientiane, Laos, funded by Vietnam’s Long Thanh Golf company, aims to implement the Lao Government’s policy to improve the people’s living standard and develop the country, has said Anouphab Tunalom, Vientiane’s Deputy Mayor.

On an area of 557.4 hectares, the US$1 billion project, the largest foreign-invested one in Laos, will include a 36-hole golf course, a five-star hotel, a villa resort, a trading centre and a school.

The project is in the land clearance period and expected to finish 9 holes on the occasion of the 450th anniversary of Vientiane.

Once operational, it will create a new face for Vientiane and contribute to Laos’ socio-economic development.

Rol.vn - Source: Nhan Dan

Construction of Phong Dien District Trade Centre kicks off

2/11/2010 5:17:33 PM

Can Tho province has kicked off the construction of Phong Dien District Trade Centre.

A partnership including the 279 Trade Construction Investment Joint Stock Company and the Hiep Thuan Service – Trade Construction Company Limited - the investor of the project, has committed to carrying out the project just as scheduled in six years.

Addressing the ground-breaking ceremony, Tran Thanh Man, Chairman of the People’s Committee of Can Tho city affirmed that the Phong Dien Trade Centre is the biggest ever work in Phong Dien district of important political, economic and social significance. The investment and construction of the trade centre aims to reduce agricultural proportion and raise service and trade proportion and build Phong Dien into a new administrative urban area.

Rol.vn - Source: Nhan Dan

Khaisilk Corporation to build boutique resort

2/9/2010 10:18:54 AM

Khaisilk Corporation on Thursday announced it would begin construction of a boutique resort, the Royal Residence, early next month in HCM City’s District 7.

Project investor Hoang Khai said at a press conference that the resort would cover a 4,300sq.m area on Tran Van Tra Street, within walking distance from the Crescent Lake in the new urban area of Phu My Hung.

Khai said the corporation would invest around VND17 billion (US$920,000) to develop the resort, which is expected to start operation by February next year.

The resort focuses on Indian architechture with both interiors and exteriors reflecting the atmosphere of the ancient Indian Maharaja palaces.

It will include 15 individually designed and spacious suites, with amenities including a cinema, a private viewing room in the east wing, and in the west wing, a spacious spa and gym with an outdoor swimming pool.

A restaurant adjacent to the bar and a cigar lounge area on the second floor, a business centre, and a Khaisilk retail area round off the facilities of the Royal Residence.

“The room rates will range between $700 and $1,000 per night,” Khai said. “Our target customers are CEOs of major international corporations. Moreover, superstars from all over the world will come to HCM City in the near future. They will not choose to stay in hotels, but at a distinctive resort.”

The corporation has several years’ experience in the hospitality industry, through its investment in the four -star Hoi An Riverside and Spa resort in the ancient town of Hoi An, Quang Nam Province, and around 10 high-end properties nationwide ranging from luxury eateries to shopping centres.

Rol.vn - Source: Vietnam Business News

"Strong market's response to serviced apartment"

2/7/2010 9:56:50 AM

This is a judgment of Ms Tash Tobias, Resident Manager, InterContinental Asiana Saigon Residences at the signing ceremony of the 110th lease since its opening on September 9th, 2009.

She said “We are delighted with the leasing progress and the market’s response to our Residences. Just four months after opening, we have had our 110th lease signed, so this is a great milestone, and a sign that Ho Chi Minh City is ready and very receptive to a unique product that offers them an exclusive ‘all-in-one’ lifestyle at a premium location, provided by the only world renowned international brand name in the city”.

InterContinental Asiana Saigon Residences offers the finest and most contemporary residential space in Ho Chi Minh City at a premier location in the heart of the business and consular district. The 31-storey residential tower provides panoramic views of the downtown area and is part of Kumho Asiana Plaza, the city’s finest integrated complex featuring commercial, hotel, residential and shopping. Tenants can experience an exclusive “Shop | Live | Work | Entertain” lifestyle as well as enjoy the exceptional services of the InterContinental luxury brand.

The Residences totals 260 units, offering 1, 2 and 3 bedroom accommodation from 78 sqm to 204 sqm in a variety of layouts. The larger three-bedroom residences are located from the 23rd to the 31st floors. The facilities include a 24 hour fitness centre, outdoor swimming pool, Residents’ Lounge, business centre, convenience store and an Italian trattoria-styled restaurant.

Each serviced apartment is a luxury design featuring open-plan concepts with state-of-the-art bathrooms and a warm, welcoming environment. The Residences aims to provide tenants private space as desired. Moreover, tenants can also enjoy audio-visual amenities such as home-theatre systems and WiFi Internet access.

Celebrating the leasing success, Toby Dodd, General Manager, Cushman & Wakefield - the appointed marketing agent, added “Leasing contracts and enquiries have remained strong despite the slowdown in the serviced apartment market, and we predict to continue to gain success through 2010.”

InterContinental Hotels & Resorts has 158 hotels globally and 39 in Asia Pacific, located in more than 60 countries with local insight that comes from over 60 years of experience. At InterContinental, superior, understated service and outstanding facilities are important.

The group’s desire is to help guests make the most of their time as well as to provide most special things about a destination, by sharing knowledge so they enjoy authentic experiences that will enrich their lives and broaden their outlook. For more information, visit www.intercontinental.com and www.intercontinentalvideo.com.

Minh Nguyet - DiaOcOnline.vn

GS E&C seeks to transfer land use right

2/4/2010 6:27:09 PM

GS Engineering & Construction is seeking approval from authorities to transfer land use right of a 1.8-hectare plot in HCMC’s District 10 to a local firm to pool money for the Tan Son Nhat-Binh Loi-Outer Ring Road project.

GS E&C chairman Huh Myung-Soo made the proposal in a meeting with HCMC chairman Le Hoang Quan on Tuesday, saying it wanted to transfer the land plot and use the money for the Ring Road project.

The city government, said Chairman Le Hoang Quan, did not object to the proposal, but said the two sides would have to wait for the final say from the central Government.

However, Quan stressed that GS E&C must ensure that after being transferred the land plot would be used in the purpose as pledged.

“Any third party the land use right must develop a commercial center-condo project at the site,” Quan said.

An expert from the city’s Department of Planning and Investment said that GS E&C has met with financial problems over the past few years due to the global crisis and forex fluctuation between South Korean won and Vietnam dong.

In late 2007, the city granted land use right of five land plots for GS E&C so that the company would develop the ring road project stretching 13.6 kilometers with six to 12 lanes.

However, the company had suspended a project to develop an elevated road along the Nhieu Loc-Thi Nghe Canal last November due to financial problems, the expert told the Daily on Tuesday.

“The Korean company has to transfer the valuable land plot to finish the Tan Son Nhat-Binh Loi-Outer Ring Road project so as to maintain its prestige before the Vietnamese Government,” the expert added.

The US$340-million ring road project is the first foreign-invested infrastructure project under the build-transfer (BT) form, so many problems have yet to be solved due to lack of regulations,” Quan said.

The five land plots the city handed over to GS E&C in 2007 are two with a combined area of 4.42 hectares in District 2’s Thao Dien Ward, a four-hectare plot on Thu Thiem peninsula, one in District 10 and one in District 9.

Rol.vn - Source: Saigon Times

Construction of Nam Dinh – Phu Ly road starts

2/1/2010 10:05:11 AM

The construction of the new Nam Dinh – Phu Ly road started on January 29 in Nam Dinh city with the Tasco Joint Stock Company as its investor.

The road, 25 kilometres in length, has a total investment capital of nearly VND 3 trillion.

According to the investor’s commitment, the road will have been put into operation by 2014, making a contribution to avoiding traffic jams and minimising traffic accidents and creating opportunities for investment attraction and socio-economic development in Nam Dinh and Ha Nam provinces and their surrounding provinces in the southern area of the Red River Delta.

Rol.vn - Source: Nhan Dan

Construction of 25-storey building starts

1/28/2010 6:35:18 PM

The Tien Loc Investment Group yesterday started the construction of the 25-storey Tien Loc – Ha Nam building, the highest so far in Phu Ly city, Ha Nam province.

On an area of 3,234 square metres, the building has a total construction area of over 27,000 square metres with 286 apartments.

It is expected to be completed by the first quarter of 2012.

On the occasion, the Tien Loc Group and the Ha Nam Association of Fellow-countrymen and donors presented 300 gifts to poor households to welcome the Lunar New Year, with each gift valued at VND 200,000 and scholarships to three poor but outstanding pupils with each scholarship valued at VND 6 million.

Rol.vn - Source: Nhan Dan

Biggest international casino inaugurated in Da Nang

1/27/2010 6:38:47 PM

The Silver Shores joint venture opened an international tourism centre in Da Nang’s Ngu Hanh Son (five marble mountains) district on January 26.

It consists of a five-star hotel chain and an entertainment area, including the biggest international casino in Vietnam.

In addition, there are 52 upmarket villas and a 1,000-seat national conference building.

The entertainment area alone covers 15,000 sq.m, capable of providing baccarat, blackjack, Sic bo, Roulette, Caribbean Stud Poker and other games for hundreds of foreigners at the same time.

The whole project is estimated at US$160 million in total.

Rol.vn - Source: VOV News

Trade center gets off the ground in Hanoi

1/26/2010 6:56:54 PM

The Hanoi Trade Corporation (HAPRO) Friday started work on a commercial and service complex with a total budget of US$15.89 million in the capital city.

The Hapro Trade Center covers an area of 1,630 square meters at 11B, Cat Linh Street, Dong Da District.

Upon completion in March 2012, the 14-floor building will become the headquarters of the Hapro Group.

The remaining area of the French-styled building will be dedicated to office space and shopping venues.

State-run Hapro Group is a Hanoi-based company with 33 member firms specializing in imports and exports, agricultural production, retail, garment and handicraft production, hospitality and real estate.

Modern venues, such as supermarkets, conveniences stores and trade centers, currently account for 25 percent of the market share compared to 75 percent owned by traditional markets, grocery stores and local shops.

Vietnam currently has more than 1,000 convenience stores, 250 supermarkets and trade centers compared to more than 9,000 traditional markets and about 250,000 retail venues of other types.

Rol.vn - Source: Vietnews

Construction of second Co.opMart supermarket commences

1/26/2010 6:45:43 PM

The Ho Chi Minh Commercial Co-operative Union (Sai Gon Co.op) and the Quang Tri Commercial One Member Company have started the construction of the Dong Ha Co.opMart Supermarket with an investment capital of over VND 50 billion.

This is the second Co.opMart supermarket in the northern part of the central region to be built on an area of 2,600 square metres.

The supermarket has four storeys including one basement, with a total usable area of 5,500 square metres.

The supermarket is expected to be completed and put into operation by the end of 2010.

Rol.vn - Source: Nhan Dan

Metro Cash & Carry to open 12th center in Vietnam

1/25/2010 6:20:40 PM

German self-service wholesale chain Metro Cash & Carry will build its 12th center in the central province of Binh Dinh’s Quy Nhon town in 2010.

An agreement was signed January 20 between Metro and the provincial People’s Committee at an investment promotion conference in the province.

The new wholesale center will be located on a three-hectare area with 6,000 square meters for selling 25,000 commodities including food and household items.

It is expected that the US$15 million store will also come into operation this year.

It is the second Metro center in Vietnam’s central region and the 12th nationwide.

Randy Guttery, general director of Metro Cash & Carry in Vietnam, said the new store will contribute to the rapid growth of Binh Dinh Province, which reached 7.96 percent in 2009.

Rol.vn - Source: SGGP

Spanish firm to build three airports

1/21/2010 11:40:49 AM

Spanish airport builder Garuda Group is expected to pump US$15 billion into the construction of three world-class airports in Viet Nam, following an agreement to be signed in HCM City today, January 20.

The airports will be the International HCM City-Long Thanh Airport, costing $6 billion, the new Ha Noi International Airport, $8 billion, and the Chu Lai International Airport in central Viet Nam with an investment capital of more than $1 billion.

The investments will make Garuda the biggest foreign investor in the country so far.

A Memorandum of Understanding (MoU) to undertake the Long Thanh airport feasibility study is expected to be signed by the company and the municipal People's Committee today.

Long Thanh airport will be about 43km from the hub of HCM City. It is expected to generate 5,500 permanent jobs for Vietnamese workers after construction. Garuda group is an airport/seaport builder, manager and consulting company. Giuliano Koenigsberg, chairman of the Aviation South East Asia, a branch of the Garuda Group, said yesterday the company would carry out the feasibility study and map out a master plan for Long Thanh project jointly with Viet Nam's Southern Aviation Corporation.

Last month, the Garuda Group also reached an MoU with the Airport Design Construction Consultancy to set up a joint venture to build the new Ha Noi International Airport, its biggest project in Viet Nam.

"It will be the largest and the most modern airport in Asia," Koenigsberg said. "It will be designed by multi-national companies from Spain and Italy to reflect (Vietnamese) culture and aspirations."

The foreign partners include Spanish Galo Architects and Italian AIG. The airport would have two heliports, a hospital, school, apartments and hotels. After completion it is expected to generate 10,000 permanent jobs.

"The Government will grant Garuda management and operation rights for 30 years, to be extended by 10 years under certain circumstances, to cover the cost of project execution and to repay principle debts," Koenigsberg said.

Construction of the Ha Noi airport was expected to be carried out in three stages, the first from next year run until 2015 at a cost of $4 billion, the second from 2015-18 would cost $1.5 billion and the last phase would cost $2.5 billion.

Phase one would accommodate 480 flights a day and 35 million passengers a year.

Capacity would grow to about 850 flights daily and 62 million passengers annually by 2025 and to 1,096 flights daily and 80 million passengers annually by 2035. "The new airport is due to replace the overloaded Noi Bai International Airport, which will likely be relegated to domestic flights only," Koenigsberg said.

"Noi Bai has reached its capacity at over 15 million passengers annually." Last month, Garuda Group also agreed with the Middle Airport Corporation to establish a joint venture to build Chu Lai International Airport in the central province of Quang Nam. It was expected that Chu Lai would be larger than neighbouring Da Nang Airport.

"Spanish enterprises are ready to come here and we see potential in trade and investment between Spain and Viet Nam," he said.

Chu Lai had an annual capacity of 2.25 million passengers and 1.5 million tonnes of cargo by 2015 and 4.1 million passengers and 5 million tonnes of cargo by 2025.

Koenigsberg said Chu Lai was chosen because it was an important gate to central Viet Nam and was near Dung Quat and Chu Lai economic zones. Hoi An and the seaports of Ky Ha and Lien Chieu.

The group set up an office in Ha Noi last year, providing consulting, investment and construction services for infrastructure projects, market surveys, trade and others. The office will promote co-operative projects between Spain and Viet Nam. It also intends to set up an office in HCM City.

Rol.vn - Source: Vietnam News

Work underway on Hanoi urban complex

1/20/2010 11:20:59 AM

Work started last Saturday on a residential and commercial complex, the Royal City, in Hanoi with a total investment capital of nearly VND10 trillion (US$541.4 million).

Covering an area of 120,945 square meters at 74, Nguyen Trai Street, Thanh Xuan District, the complex includes luxury hotels, office for rent, trade centers, high-end apartment buildings, schools, parks and underground parking area of 300,000 square meters.

A large area of the project will also be dedicated to parks and multi-purpose public space.

Upon its completion in 2012, the complex would become a high-end urban zone to meet the increasing demand for accommodation and services by local people and expats in Hanoi, Le Khac Hiep, chairman of real estate developer Vincom Joint Stock Company, told Vietnam News Agency.

The Hanoi-based Vincom, Vietnam’s second-largest listed property developer, is the major investor of the Royal City, accounting for 51 percent of the project’s total investment capital.

The total housing area in Vietnam last year reached nearly 1.569 billion square meters, up 53.7 percent from 2008, a conference heard in the capital city on Monday.

According to a recent report of the Ministry of Construction, the average living space per person in 2009 amounted to 18.6 square meters, an increase of 55 percent from the previous year, Doanh Nhan Sai Gon Online (Saigon Businessmen Online) newspaper reported.

About 29.6 percent of the country’s population lived in urban areas last year compared to 23.7 percent in 1999.

During the 1999-2009 period, the number of city dwellers achieved an average annual growth of 3.4 percent compared to 0.4 percent a year of rural residents.

The country’s southeastern region, including Ho Chi Minh City, last year recorded the highest rate of urbanization with 57.1 percent of the locals living in the cities, up 3.6 point percent from 1999.

The ministry has set a target of achieving an average living space of 19 square meters per person this year.

Rol.vn - Source: Vietnews

Cuban-Vietnamese JV develops hotels, golf courses in Cuba

1/20/2010 11:04:51 AM

The Housing and Urban Development Corporation (HUD) has signed a real estate deal with Cuba’s Palmares SA Group to build two golf courses-cum-hotel complexes in Cuba.

With service centres and housing, the two complexes each cover an area of 300-400ha about 25 km from the capital of Havana.

The two companies will establish a joint-venture company to carry out the project. Each of them will contribute 50 percent of the charter capital of the company, which will operate for 50 years.

Palmares SA Group plans to hire consultants to assess the land value and submit an application to the Cuban Ministry of Finance.

For the project, the Housing and Urban Development Corporation established the HUD Caribe Vietnam Joint Stock Company with a charter capital of VND 360 billion (US$13.4 million).

Dinh Nho Hung, director of HUD Caribe Vietnam, said he believes the project will be successful because the complexes are located close to the capital and Jose Marti International Airport. Meanwhile, Cuba has given the green light for HUD to invest in a hotel project in Havana and to upgrade the Capri Hotel, a five-star hotel in Camaguey.

Rol.vn - Source: VOV News

Villas come up near southern hot spring

1/19/2010 1:25:23 PM

The Kim To Trading and Service Co., Ltd late last week started work on its Binh Chau Hot Spring Villa project in southern Ba Ria –Vung Tau Province with a total investment capital of VND470 billion (US$254.5 million).

The 13-hectare project is located near the Binh Chau Hot Spring, the natural hot spring about 150 kilometers away from Ho Chi Minh City.

It comprises 160 luxury villas and other entertainment and service facilities. Each residence is designed to provide the owners with direct access to the natural hot spring water of Binh Chau.

The project is due to complete after three years of construction.

Binh Chau is a popular tourist destination for health-conscious tourists. It includes a cluster of 70 visible pools of water varying in temperature from 40 to 82 degrees Celsius.

The area is renowned for hot spring baths and mud baths which are believed to provide smoother skin, improve circulation, and cure skin diseases.

Ba Ria – Vung Tau-based real estate firm Kim To last year also started work on two commercial and residential complexes in its hometown, the Ocean View Manor Complex and the Ocean View Hoan Vu-Vung Tau project.

The Ocean View Manor Complex includes two 25-floor blocks designed for luxury apartments, office space, a multi-functional sport center as well as shopping and entertainment venues.

With a total budget of VND245 billion ($13.71 million), the project is scheduled for completion in 2011.

The Ocean View Hoan Vu-Vung Tau project features 61 luxury apartments of 89 to 439 square meters each as well as office, commercial centers, entertainment and shopping facilities.

The complex with a total investment capital of VND114 billion ($6.38 million), is expected to be operational in June 2012.

Rol.vn - Source: Vietnews

S’pore realtor signs big residential venture with local partner

1/19/2010 1:06:03 PM

CapitaLand Vietnam Holdings signed on Tuesday an agreement with local developer Hoang Thanh Company to jointly develop a residential area in Hanoi.

The signing ceremony was witnessed by the Prime Ministers of the two countries, Singapore’s Prime Minister Lee Hsien Loong and Vietnam’s Prime Minister Nguyen Tan Dung, in Hanoi.

The residential site is located in Ha Dong District, headquarters of the world famous Vietnamese silk production industry, on a 14,000-square meter residential area in the Mo Lao New Urban Area.

Singapore-based CapitaLand has a 70 percent stake in the project while Hoang Thanh will hold the remaining 30 percent stake. The site, to be developed into four residential towers with about 960 apartments, will cost an estimated US$170 million to build.

This is CapitaLand’s second joint venture project with Hoang Thanh, following the success of their first Hanoi residential development, Mulberry Lane.

Liew Mun Leong, president of CapitaLand Group, said CapitaLand was confident of the growth prospects of the real estate sector in Hanoi as it was supported by healthy economic growth, rapid urbanization, and a young and growing population.

“To demonstrate our confidence, in August last year we deployed about S$300 million to further expand our presence in the real estate value chain which includes building homes, offices, and serviced apartments in the country,” said the president.

He said Vietnam was the group’s fourth pillar of growth after its core markets of China, Singapore and Australia. “We target to grow our business in Vietnam to 10% of the group’s total assets, up from the current 1 percent, over the next three to five years.”

Chen Lian Pang, chief executive of CapitaLand (Vietnam) Holdings, said CapitaLand was the first Singaporean developer to invest in a major residential development in Hanoi with the Mulberry Lane project. “We were encouraged by the strong buyer interest received during two recent preview sales,” said Pang in statement.

Mulberry Lane, sold about 82 percent, or 451 units, of the total 549 units, at a recent preview sale. The units were sold at prices ranging from US$1,350 to US$1,900 per square meter.

Rol.vn - Source: Thanhnien News

Hanoi to have another Big C supermarket

1/18/2010 1:01:02 PM

Big C The Garden supermarket will be inaugurated in Tu Liem district, Hanoi on Jan. 19.

The supermarket, the 10th of its kind in the Big C supermarket chain in Vietnam and the second of its kind in Hanoi, will be located in the Garden Trade Centre in The Manor Me Tri deluxe apartment zone.

Covering 3,700 sq.m., Big C The Garden is a joint venture between France’s Casino Group, a leading retailer in Europe, and the GTC One-member Ltd. Co., a leading tourism, services and import-export company in Hanoi.

With an investment capital of 3 million USD, the supermarket will provide more than 20,000 different items ranging from foods to household utensils and cosmetics.

Rol.vn - Source: Vietnam+