Vingroup is planning to build a trade complex in northern Ha Giang province.
A representative from Vingroup’s Public Relations Department confirmed with VET on August 19 that the complex will be located at C10 Stadium in Phuong Do commune.
Construction will begin in late September and is expected to be completed in late 2017. The investment figure has not been revealed as yet.
The complex will include a five-storey trade center, a Vinmart supermarket, a Vinpro electronics store, an amusement area, and restaurants and a cinema.
It will create jobs for local people and contribute to the local budget, according to Mr. Tran Manh Loi, Secretary of the Provincial Party Committee.
Vingroup is a leading real estate group in Vietnam with a network of consultant partners and leading global designers and quality real estate projects and services. It has recently secured an additional international syndicated loan of $300 million to finance its real estate developments and reorganize its debts, following its first international syndicated loan of $150 million in 2013.
Projects include Vinhomes Central Park, Golden River Vinhomes, Vinhomes Gardenia, Vinhomes Metropolis Lieu Giai and a range of Vincom Shophouse projects in major cities.
It has also signed cooperation contracts with nearly 250 enterprises from eight cities and provinces nationwide in the fields of food, cosmetics, stationery, toys, household appliances, fashion and textiles.
Vingroup has also opened ten shopping malls around the country and plans to open nearly 50 trade centers this year, selling international-standard products.
Ha Giang province has an area of 7,946 sq km and a population of 800,000 people, nearly 90 per cent of which are ethnic minorities. It lies some 300 km north of Hanoi at the highest latitude in Vietnam. It seems certain to become a popular tourism destination in the future for its grandiose mountainous landscapes.
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