Giant Vietnamese real estate developer Vingroup will open 25 new shopping malls across the country this year, the company announced Tuesday, along with a decision to increase investment in a megaproject.
The new trade centers will be developed under Vingroup’s flagship brands, Vincom and Vincom Mega Mall, the Hanoi-based realty developer told the media.
The new facilities will have an occupancy rate of 70 percent, with Vingroup’s strategic partners and affiliates such as BHD, CGV, Golden Gate, Highlands Coffee, Vinmart, Vinpro, VinKE, Vinpearl Land, and Emigo committed to renting stores there.