Lotte keen on billion-dollar project in Thu Thiem

Source: Pano feed

Hung Le


Lotte Group chairman Shin Dong Bin (L) and HCMC chairman Le Hoang Quan shake hands at a meeting on March 4 - PHOTO: HUNG LE

Lotte Group chairman Shin Dong Bin (L) and HCMC chairman Le Hoang Quan shake hands at a meeting on March 4 - PHOTO: HUNG LE



Lotte will cooperate with Japanese giants including Mitsubishi and Toshiba to develop the Eco Smart City project in Thu Thiem new urban area. Once completed, the complex is expected to become a modern financial, commercial and service center.


At a meeting with HCMC’s chairman Le Hoang Quan yesterday, Shin said the project is among Lotte’s biggest projects abroad. Last April, Lotte and the Japanese consortium won approval in principle from the city government to develop the project in Thu Thiem, including shopping centers, hotels, serviced apartment buildings and offices.


In the first stage, the project will be developed on 6.85 hectares and the completed project will cover a total area of 16.5 hectares, according to the city.


Chairman Quan said he supports cooperation between Lotte and the Japanese investors to build the complex.


The group was told to finish procedures soon and kick off construction in September in coincidence with the 70th anniversary of Vietnam’s National Day.


Lotte has got involved in many property projects in the country, including Lotte Center Hanoi that started operating last September.




Đăng ký: VietNam News