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VietNamNews

Facelift planned for luxury mall

Update: August, 09/2014 - 10:40
Trang Tien Plaza has been a commercial symbol of the capital city over the past 100 years. It expects to attract high-end customers, especially international tourists, with its luxury brands. — VNA/VNS Photo Dinh Hue
HA NOI (VNS)  — The Trang Tien Plaza is facing another round of renovation, just 16 months after it reopened its doors in April 2013, Dien Dan Doanh Nghiep newspaper has reported.

Up to 70 per cent of the retailers have said they would continue to operate in the mall after the new round of renovation; 25 per cent have agreed to have their their booth's area reduced; and only 5 per cent have said that they would stop operations, the report said.

The newspaper quoted Johnathan Hanh Nguyen, chairman of IPP Group which is an investor-cum-operator of the Trang Tien Plaza, as saying that after the latest changes, the shopping mall would continue to run well with a higher rental revenue.

The Trang Tien Plaza has been a commercial symbol of the capital city over the past 100 years. The shopping mall reopened its doors in 2013 after a long renovation process. It expected to attract high-end customers, especially international tourists, with its luxury brands.

In the long term, the luxury brands will still gain a foothold in Viet Nam, particularly because the country's middle-class is growing fast, Hanh Nguyen told the newspaper.

The Trans-Pacific Partnership (TPP) negotiations between Viet Nam and the participating nations would facilitate the influx of renowned brands to Viet Nam in the years to come. — VNS

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