Lotte eyes US$2 bln high-end trading centre in HCMC

Vov/Hanoitimes

Apr 29, 2014 / 02:58 PM

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.

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