Vincom Retail reserves $13 million support for tenants hit by COVID-19

March 07, 2020 | 10:37
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Vincom Retail JSC, the retail arm of Vingroup, on March 5 announced reserving VND300 billion ($13 million) to support tenants in its 79 retail centres nationwide who are impacted by COVID-19.

The majority of the will be used to subsidise rental charge for tenants and offer discounts and vouchers for customers who visit Vincom retail centres.

vincom retail reserves 13 million support for tenants hit by covid 19
The $13 million support package for partners in all business sectors at 79 retail centres nationwide

Tourism cities such as Nha Trang, Danang, and Halong will hve priority access to this sum, followed by Hanoi, Ho Chi Minh City, and others.

Vincom also co-ordinated with tenants to held promotion programmes. Especially, many incentives will be launched for visitors such as free parking or discount rides for visitors to travel by ride-hailing cabs.

According to Tran Mai Hoa, general director of Vincom Retail, Vincom always accompanies partners and customers, especially in the time that the whole economy is facing many difficulties caused by COVID-19.

“This VND300 billion ($13 million) stimulation package will not help our partners reduce expenses only but focus their resources to build-up attractive programmes to woo customers and return to normalcy,” Hoa said.

In order to provide a comfortable and safe shopping environment for customers, Vincom continues to strengthen preventive measures by monitoring body temperature in shopping centres, sanitising public areas every two hours, requiring security guards and staff to wear gloves and masks and control the elevators for guests. These are proactive measures that Vincom has pioneered to implement right from the first days of the COVID-19 epidemic.

vincom retail reserves 13 million support for tenants hit by covid 19
Vincom has been taking drastic measures to protect customers

Vincom retail system is present in 43 cities and provinces with a total of more than 1.6 million square metres of retail floor. It has more than 1,000 famous international and domestic brands as partners in all sectors, from fashion, cosmetics, accessories, and interior furniture to entertainment services and facilities and gastronomy. Vincom’s retail centres have become a pilot destinations for new shopping and entertaining experiences for the whole community.

By Bich Ngoc

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