Shopping malls set to new brands HCM city, suburbs
This news is about the business in Vietnam, and it is about opening the new malls in Vietnam. The reasons why I choose this news were that Vietnam is one of the successful countries because they have progressed a lot more than in the past in other word they develop so fast. Moreover, I am the one who loves to read the news about business since I will study about the business in the future, so this news is interested me.
In the suburbs in Vietnam, there was the new mall that would be opened around 2013, and it called Bitexoc financial tower that the project developers would race against the time to put the tower into operation before this October since it was now in the final stage. In addition, Capitaland Group Vietnam and RF Chandle had provided 14000 square metre to market. Moreover, they also speeded up their work in order to complete the vista project before the end of 2010. Furthermore, there were many shopping malls that would be opened in the future which they were Saigon M&C, Tan Phong Shopping Complex, Sunrise City, Metropolis, Sport City, Thao Dien Pearl, Saigon Pearl. However, most of them was opened in the suburbs.
However, most of the news shopping mall was in the suburban districts. Truong an Duong referred statistics which provided by the HCM City Statistics Office that since 2005, the total revenue of the retail market in HCM City had increased by 20 percent per annum, and the city’s retail revenue increased by nearly 35 percent in the first five months of 2010. Depending on the rapid growth of medium and upper classes in urban areas imposed development of the retail market said by Truong An Duong, Head of the Savills Analysis Division of HCM City Branch. Due to very few customers, the HCM City retail market unprofitable shopping malls in the suburbs. At worst, some kiosks had to temporarily close their market because there were no customers.
I think that this news was one of the good business news, and there are some reasons for that. Firstly, the Vietnam would have many malls for the shoppers who loved to shop in the suburbs people. Moreover, these malls would help Vietnam’s retailer to rent and sell their goods since nowadays, there are a lot of people who like to do the job this. Another was to demonstrate how development Vietnam had.
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