Vingroup Retail Co and Hai Phong Real Estate Development and Investment Co broke ground for a commercial complex in the northern port city of Hai Phong on February 8.

At the ground-breaking ceremony. Photo: laodong.com.vn

Located downtown on Le Thanh Tong Street, the 600 billion VND (28 million USD) project covers 48,000sq.m. It includes shopping malls and a residential area named ‘Shop House.'

It is believed that the complex will have outlets of well-known names in fashion, consumption, recreation, food and cinema.

According to Vice Chairman of Vingroup, Le Khac Hiep, the Vincom Le Thanh Tong-Hai Phong complex was the company's first project in Hai Phong. He expects it to contribute to the city's economic and cultural development.

Furthermore, the construction of the complex will be expedited to ensure that it is in operation this year, Hiep said.

Source: VNA