Work with us, be a link, for strong long term relationships.
For your unique demands, we provide tailor-made service.
Meet us,
and you will see the DIFFERENCE.

Japan firm proposes underground shopping center in town

HCMC - Japan's Toshin Development Company has proposed a project to develop an underground shopping center linking the stations of Metro Line No. 1 in front of the Ben Thanh Market and the Opera House in the downtown area.

An artist’s impression of an underground shopping center at the central station of metro lines in front of the Ben Thanh Market - PHOTO: MANAGEMENT AUTHORITY FOR URBAN RAILWAYS OF HCMC

 

HCMC - Japan's Toshin Development Company has proposed a project to develop an underground shopping center linking the stations of Metro Line No. 1 in front of the Ben Thanh Market and the Opera House in the downtown area.
The center covering 45,420 square meters would comprise an underground pedestrian street of 21,620 square meters, a 16,850-square-meter area for shopping, dining and entertainment, and other activities.
The project is estimated to cost VND8.4 trillion (US$376.6 million), including an official development assistance (ODA) loan of VND4.98 trillion (US$223.4 million) used to finance public walkways, public square and auxiliary works. The rest would be funded by investors to build and manage the shopping area in the form of direct investment, and construct public works under the build-transfer (BT) format.
According to Toshin, the project would be carried out from late 2019 to early 2024 and the time needed for recovering State capital is 13 years from the opening date. The company said it wanted to build an underground commercial center and an underground urban area as well.
A source from the HCMC government said after being briefed on the project by Toshin, vice chairman of the city Le Van Khoa assigned the HCMC Department of Planning and Investment to ask the Ministry of Planning and Investment and relevant agencies to evaluate the feasibility of the project.
Last October, the city government approved Toshin Development and Saigon Star Investment & Infrastructure and Real Estate Development Joint Stock Company to work out the underground trade center project in four months.
The station of Metro Line No.1 in front of the Opera House and the underground track section under Le Loi Boulevard are under construction. The central station of the metro lines is in front of the Ben Thanh Market

Le Anh 

News Relation

Financial investment: foreign funds ready for disbursement

Enhance the rules and disciplines to the whole Finance sector

Lenders licensed for foreign currency loans

Bank for overseas Vietnamese proposed

APEC vows to promote free trade over protectionism

Vietnam’s participation in financial, monetary and banking institutions facilitated

Vietnam offers conditions for business growth

Tax payment through banks: Change the method of guarantee for tax payment

How are foreign banks performing in Vietnam?

Legislators approve medium-term public investment plan

Punish 0.05% over total tax if not pay fine on time

Enterprise, Investment Laws breathe new life into business environment