Saigon Garment and Match Joint Stock Company has become an investor in the Project of a complex of commercial centers, entertainment centers, 5-star hotels and [...]
New symbol project of Hai Phong city
The project of a complex of commercial centers, entertainment centers, 5-star hotels and offices for rent to beautify the urban area in the Iron Market area is built on a land area of 15,200m²; located in Phan Boi Chau ward, Hong Bang district. With a total estimated investment of 6,060 billion VND, when completed, the project promises to be a new symbol of Hai Phong City.
This decision marks the serious implementation process of the local government to select reputable investors to implement projects that are important and meaningful to the people of Hai Phong. With the determination to urbanize the street along the Tam Bac River, on November 18, 2019, Chairman of the City People's Committee Nguyen Van Tung chaired a meeting with relevant departments and branches and the People's Committee of Hong Bang District to listen to reports on the operation of the Cho Sat Shopping Center, find directions to remove obstacles and difficulties so that the urban beautification of the above area is consistent with the economic, political and social development needs of the whole area. region in particular and Hai Phong city in general. After listening to the report, everyone agreed to carry out the projectCommercial, entertainment center, 5-star hotel and office for rent in the form of a multi-functional complex, with regional scale, replacing the degraded Iron Market Shopping Center.
On that basis, the Chairman of the City People's Committee agreed to direct relevant units and report to the Standing Committee of the City Party Committee on the proposal to implement the project at the above mentioned land. At the same time, direct functional units to plan and develop investment projects to build the (new) Cho Sat Shopping Center project to stabilize business for small traders currently doing business in the old Cho Sat Shopping Center. On September 4, 2020, the Standing Committee of the City Party Committee issued document No. 1275-TB/TU agreeing on a number of contents to embellish the Iron market area as proposed by the Party Committee of the City People's Committee.
After meeting all conditions, on July 30, 2021, the City People's Committee issued Decision No. 2122/QD-UBND on approving the list of investment projects using land for the project of a complex of commercial centers, entertainment centers, 5-star hotels and offices for rent to carry out urban beautification in the Iron market area. Accordingly, the Department of Finance posted on the electronic information portal of the Ministry of Planning and Investment (https://www.mpi.gov.vn) to call for investors to participate in the project implementation and Saigon Garment and Match Joint Stock Company was the only investor to submit documents on the electronic information portal of the Ministry of Planning and Investment within 30 days of posting in accordance with the provisions of the Investment Law.
After evaluating the capacity profile, Saigon Garment and Match Joint Stock Company has met all conditions to implement the project. The People's Committee of Hai Phong city has issued official dispatch No. 7641/UBND-XD3 dated October 12, 2021 on implementing investor approval procedures for the project of a complex of commercial and entertainment centers, 5-star hotels and offices for rent to carry out urban beautification in the Sat market area for Saigon Garment and Match Joint Stock Company.
On November 11, 2021, the People's Committee of Hai Phong city issued Decision No. 3232/QD-UBND, deciding to approve the investor, Saigon Garment and Match Joint Stock Company, to implement the project of a complex of commercial centers, entertainment centers, 5-star hotels and offices for rent to carry out urban beautification in the Iron Market area.
Successful Northern Investor
Saigon Garment and Match Joint Stock Company is a potential enterprise with a series of successful real estate projects in Ho Chi Minh City and the southern provinces. In recent years, Saigon Garment and Match Joint Stock Company has continuously expanded its operations to the Northern provinces with many projects selected for investment such as the residential and commercial service project in Duc Tho town, Duc Tho district, Ha Tinh province with a total investment of 1,182 billion VND; Nam Co Dam Commercial-Service Urban Area Project (Bim Son, Thanh Hoa) with a total investment of 29.5 hectares; North Pho Chau 2 urban residential area project (together with Hano-vid Real Estate Joint Stock Company)…
Recently, May-Diem Saigon was also selected as the investor to implement two urban housing projects with a total investment of more than 2,022 billion VND in Phu Tho province and the Vinh Bao town residential area project, Vinh Bao district (Hai Phong) with an investment capital of 785 billion VND.
With the experience and capacity of Saigon Garment and Match Joint Stock Company, the project of a complex of commercial centers, entertainment centers, 5-star hotels and offices for rent to carry out urban beautification in the Iron Market area is expected to not only improve the landscape, bring a new urban appearance to the Tam Bac River area but also make the project a new symbol of Hai Phong city, worthy of its class urban status. I at national level. When the project comes into operation, it will help increase the attractiveness of the business investment environment of Hai Phong city.
Source: TNR
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