Business

100 million USD commercial centre built in HCM City

Construction of the SC VivoCity commercial centre started on Mar. 16 on Nguyen Van Linh boulevard of Ho Chi Minh City.
Construction of the SC VivoCity commercial centre started on Mar. 16on Nguyen Van Linh boulevard of Ho Chi Minh City.

Covering an area of 70,000 sq.m, the commercial centre is jointlyinvested by the Saigon Co.op Group and the Temasek finance andinvestment Group, two leading groups in the real estate and retailsectors of Vietnam and Singapore , with a total capital of 100million USD.

HOK, one of the leading design groupsof the United States and the world, is responsible for all design,architecture and decoration of the centre.

Thecentre is part of the 360 million USD Saigon South Place project andit will be a place for famous fashion trademarks, modern cinemas,entertainment and education.

Speaking at the groundbreakingceremony, Vice Chairwoman of the HCM City People’s Committee Nguyen ThiHong and Singaporean Ambassador to Vietnam Simon Wong Wie Kuen expressedtheir hopes that the project will boost trade activities in Vietnam andgradually upgrade domestic commercial centres to the standard ofleading regional countries.-VNA
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