Nguyen Kim to open five more shopping centers this monthMinh Tam A customer inspects a phone at a Nguyen Kim shopping center - PHOTO: MINH TAM HCMC – Nguyen Kim Trading Joint Stock Company will open five more shopping centers in HCMC and Dong Nai Province this month, taking to over 50 the total nationwide two years ahead of schedule. A new shopping center will be opened on Nguyen Thi Thap Street in District 7, HCMC tomorrow. The two-floor facility will be a standalone building covering 1,300 square meters. Nguyen Kim’s District 7 shopping center will have to compete with other electronics stores long established around the area like Dien May Xanh, Cho Lon and Thien Hoa. In mid-August, Nguyen Kim will open three more centers in HCMC and one in Trang Bom District in Dong Nai Province. All the five new shopping centers will be mid-scale ones, with a display area of around 1,500 square meters. Currently, Nguyen Kim focuses on shopping … [Read more...] about Nguyen Kim to open five more shopping centers this month
Stanford shopping center map
Financing plan for underground shopping center at Ben Thanh unworkable Le Anh An artist’s impression of the underground shopping mall and central station of Metro Line No.1 in HCMC - PHOTO: MAUR HCMC – There is a high possibility that an underground shopping center will not be built in tandem with the central station of Metro Line No. 1 given an unworkable financing plan, said Le Nguyen Minh Quang, head of the HCMC Management Authority for Urban Railways (MAUR). The authority has worked with the departments of transport, planning and investment, and finance over a funding plan proposed by a Japanese firm for the underground shopping center, but this plan has been found to be unsuitable in financial and efficiency terms. Therefore, MAUR has proposed building the shopping center after the metro line is complete. In March last year, Japan’s Toshin Development Company proposed developing an underground pedestrian plaza and … [Read more...] about Financing plan for underground shopping center at Ben Thanh unworkable
Fashion at a new underground shopping center Cam Anh An entrance of The New Playground in HCMC’s District 1 The New Playground is a unique shopping center which has been recently launched in the basement of a building in city downtown. The site which covers an area of 1,000 square meters is a hub of 40 fashion and accessory stores and coffee shops located at 26 Ly Tu Trong Street in District 1 in HCMC. Stores and brands are chosen carefully to feature at The New Playground. Owners of those brands like Six66, Usthebasic, Lookbook, Outfix, All ‘Bout Him, and Ssstutter are young Vietnamese people who offer their self-design products to customers. Shirts, jeans, and jackets are priced from VND200,000 to VND500,000 an item while dresses and skirts are priced from VND300,000 to VND600,000 apiece. Furthermore, the shopping center also offers fashion accessories like watches, sunglasses, and earrings and cellphone covers at the prices from VND50,000 to VND200,000 per … [Read more...] about Fashion at a new underground shopping center
Editor Note: Stivi Cooke is an Australian expat who has lived in Hoi An Ancient Town, located in central Vietnam, for six years. I often joke that the two national pastimes of Vietnam are sleeping and shopping. Shopping at your local market is not just a way of life here - it's part of the 'Van Hoa' (culture) that tourists come to experience. However, the world of the small local traders is increasingly coming under threat, not just in Ho Chi Minh City or Hanoi, but Da Nang in the central region as well. Tuoi Tre News recently reported on the plan by Da Nang City to turn the Han and Con markets into modern, deluxe shopping centers. That's got local traders worried about their future, and speaking as an expat living in central coastal Vietnam, I'm not in favor of the idea. All cities thrive on a mixture of the old and new. Most cities have modern supermarkets and shopping centers, but also support the idea of smaller, local markets, which are friendlier and more 'fun', as … [Read more...] about Traditional markets or high-end shopping centers for Vietnam?
Shopping centers expanding but business is not guaranteed By Quoc Hung in HCMC It is estimated that by 2013, HCMC will have about 740,000 square meters of retail space at shopping centers, double the current space, due to property developers going full steam ahead with new shopping center projects. Experts said that even though shopping centers have been mushrooming in Vietnam, recent events prove that some malls don’t produce the goods. Location, location, location not enough Distributors said that the success of a modern shopping mall depends on its strategic location and professional management. Investors will find it very difficult to succeed if they lack even one of the two the major factors. Many retailers who operate a wide range of local and world-famous brands of clothes, shoes, and jewelry items had big problems at the premium shopping mall Kumho Asiana Saigon in District 1, on the corner of Le Duan Boulevard and Hai Ba Trung Street. Some stopped trading there and … [Read more...] about Shopping centers expanding but business is not guaranteed