Japanese firm eyes metro line centre
 |
| A Japanese firm is exploring opportunities to develop a commercial centre in the underground portion of HCM City's metro Line No 1 near Ben Thanh Market. VNS Photo Nguyen Manh Ha |
The plan was discussed during a meeting between Japanese Deputy Minister for Land, Infrastructure, Transport and Tourism Kisaburo Ishii and Nguyen Huu Tin, deputy chairman of the city People's Committee on Wednesday.
Ishii is quoted by Tuoi Tre (Youth) newspaper as saying that a company called Toshin Development was keen and would like to speed up the investment process.
A model of the commercial centre was displayed at the meeting.
 |
On May 28 the firm had submitted its design for the Ben Thanh Commercial Centre to the People's Committee, Ishii said.
This was an important project, a "landmark" in the development of HCM City, which would earn a lot of revenue from it, he said.
It will be a big-ticket project, and the Japanese investor is expected to fund it with loans.
Ishii said his government could consider providing official development assistance (ODA) loans for it.
It takes ten to eleven years to refund construction costs for this project, Ishii added.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Trump's trade policies could shape Vietnam's economic outlook: Dragon Capital (November 15, 2024 | 16:56)
- Prioritising corporate governance for Vietnam’s sustainable growth (November 14, 2024 | 16:50)
- Vietnam eyes nuclear revival to bolster energy security (November 14, 2024 | 16:46)
- German businesses explore investments in Dong Nai (November 08, 2024 | 18:02)
- Vietnamese consumer sentiment outperforms regional averages (November 08, 2024 | 18:00)
- Exchange and interest rates forecast to remain stable after US election (November 07, 2024 | 14:04)
- Industrial real estate stocks benefit from US election results (November 07, 2024 | 13:56)
- 2024 sees $1.41 billion in fintech funding so far (November 07, 2024 | 08:13)
- Trump at 266 electoral votes, Harris at 195: US media (November 06, 2024 | 14:30)
- Hanoi targets digital and high-tech investment with upcoming event (November 06, 2024 | 13:28)
Mobile Version