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

Friday, February 13, 2015, 18:00 GMT+7
Downtown HCMC to be bustling shopping district with new inauguration: report

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.

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