The first SC VivoCity opens in HCM City. (Source: insideretail.asia)

The first SC VivoCity shopping centre, a joint venture between Saigon Co.op Investment and Development Company (SCID) and Singaporean-based Mapletree, opened in HCM City on September 20.

President Truong Tan Sang was present at the inauguration ceremony.

SC VivoCity belongs to the phase I of the Saigon South Place, a complex of 4.4 hectares in District 7.

The five-storey shopping centre has been filled to 84 percent of its total floor area of 62,000 sq.m.

SCID Executive Director Nguyen Thi Tranh said the new facility marks an important milestone in the company’s business strategy on diversifying forms of modern retail.-VNA