Central Retail invests 35 million USD in commercial centre in Binh Duong
Central Retail Vietnam, a member of the Thai-based conglomerate Central Group, will invest 35 million USD in a commercial centre in the southern province of Binh Duong.
Central Retail Vietnam, a member of the Thai-based conglomerate Central Group, and Becamex IDC Corp signed an agreement on developing a shopping mall in Binh Duong on May 20. (Photo: VNA)
Binh Duong (VNA) – Central Retail Vietnam, amember of the Thai-based conglomerate Central Group, will invest 35 million USDin a shopping mall in the southern province of Binh Duong.
The group and Becamex IDC Corp signed a cooperative agreement regarding the project in Binh Duong on May 20.
Covering 3ha in Ben Cat town, Binh Duong province, theGO! shopping mall is set to meet the demand of more than 300,000 residentsand workers in local industrial parks.
According to the provincial People’s Committee,despite COVID-19, foreign investors have still pumped capital into thelocality, with the total funding exceeding 1.25 billion USD as of May 15, up 59percent year-on-year.
Langlet Olivier Bernard, General Director of CentralRetail Vietnam, said the project is expected to give a facelift to the province’scommercial sector, and contribute to socio-economic development of Ben Cat and BinhDuong as well.
Binh Duong is one of the dynamic Vietnamese localitiesand takes lead in administrative reform, he said, adding that local agenciesand leaders have adopted open policies to lure investments. /.
About 100 Vietnamese enterprises participated in an event with Central Retail Vietnam and connected online with buyers in Thailand to take advantage of opportunities to export directly to the Thai market without intermediaries.
The Thailand-based Central Retail Corporation Public Company Limited (CRC) plans to spend as much as 35 billion THB (1.1 billion USD) on expanding its network in Vietnam over the next five years.
Central Retail in Vietnam has launched its GO! Mall & GO! Hypermarket on Viet Bac street in Tan Lap district, Thai Nguyen city, the northern province of the same name.
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Central Retail Vietnam, a member of the Thai-based conglomerate Central Group, and Becamex IDC Corp signed an agreement on developing a shopping mall in Binh Duong on May 20. (Photo: VNA)
