Lotte eyes US$2 bln high-end trading centre in HCMC
The Republic of Korea’s Lotte retail group has received approval from Ho Chi Minh City authorities to proceed with construction of a US$2 billion international financial center.
Covering 10 hectares, the complex will consist of world class commercial plazas, hotels, serviced apartments, and office suites.
A spokesperson for Lotte said the company hopes the complex will become the centerpiece international financial centre in HCM City and the Southeast Asian region.
A detailed zoning plan of the project, co-financed by Japanese investors, is scheduled for completion in 2014.
16:27, 2024/08/24
Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
20:15, 2024/08/11
Growing number of FDI firms moving to Vietnam
Over the past 20 years, Vietnam has emerged as a significant manufacturing hub, deeply integrated into global supply chains.
11:26, 2024/08/02
Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
The project, once completed, is expected to enhance the logistics ecosystem for Vietnam’s central region.
17:29, 2024/07/23
State-owned corporations set to pilot offshore wind power projects
Private and foreign investors are currently not being considered for pilot projects due to unresolved legal and security issues.
18:10, 2024/07/22
Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
The project aims to enhance railway safety and transportation capacity, boosting international connectivity between Vietnam, China, and Europe.
06:12, 2024/07/17
AIIB ready to fund Hanoi’s urban railway projects
Hanoi expects the AIIB to assist with planning, implementation methods, and financing strategies to rapidly deploy metro projects.
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years
- S.Korea’s industrial conglomerates to expand investment activities in Vietnam
- Vietnam to set up cultural heritage conservation fund
- FedEx expected to develop airports in Vietnam