JavaScript is off. Please enable to view full site.

Downtown HCMC to be bustling shopping district with new inauguration: report

Downtown HCMC to be bustling shopping district with new inauguration: report

Friday, February 13, 2015, 18:00 GMT+7

The opening of new shopping center in District 1, Ho Chi Minh City in 2015 will turn the area into a bustling shopping district like what people see in Bangkok and Singapore, according to Vietnam’s Retail Market Update report recently released by realty consultancy firm CBRE Vietnam.

“With the completion of The One, the second phase of Saigon Centre and the Tax Plaza in District 1, HCMC shoppers can anticipate a shopping district on a par with Sukhumvit Road in Bangkok or the famous Orchard Road in Singapore,” said Richard Leech, executive director of CBRE Vietnam, in the report.

Spending should improve in 2015 given lower oil prices, lower interest rates, and positive effects that a stable economy was having on consumer confidence, said the report reviewing the past 12 months and forecast trends for 2015.

View full script here

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news