Lotte eyes US$2 bln high-end trading centre in HCMC
(VOV) -The Republic of Korea’s Lotte retail group has received approval from Ho Chi Minh City authorities to proceed with construction of a US$2 billion international financial center.
Covering 10 hectares, the complex will consist of world class commercial plazas, hotels, serviced apartments, and office suites.
A spokesperson for Lotte said the company hopes the complex will become the centerpiece international financial centre in HCM City and the Southeast Asian region.
A detailed zoning plan of the project, co-financed by Japanese investors, is scheduled for completion in 2014.