Vietnamese PM, Myanmar VIPs bless property project

Vietnamese Prime Minister Nguyen Tan Dung made a rare visit to the project on Wednesday, offering his blessing to the largest Vietnamese real-estate project outside Vietnam and a newest commercial property icon in Yangon. Observing the project with the prime minister were one Myanmar vice president, the mayor of Yangon, the Hotels and Tourism minister, and other VIP guests.
The US$400-million project, located on Kabar Aye Pagoda Road, offers the city’s highest residences to date. At 31 stories, the building offers views of Inya Lake and Shwedagon Pagoda.
The prime minister visited Myanmar this week to attend the Sixth Ayeyarwaddy-Chao Phraya-Mekong Economic Co-operation Summit.
During his visit, he was a keynote speaker at an event hosted by the HAGL project.
“Our large investment shows our belief in Myanmar’s bright prospects and unlimited potential. Myanmar Centre wants to be a part of Yangon’s excellent future. In real estate, we pride ourselves on a pioneering spirit and innovative approach in development, as well as delivering the highest quality to customers at the most reasonable prices,” said Myanmar Centre Managing Director Cao Duy Thinh.
The Myanmar Centre will conform to international building safety codes (NFPA, SSCP) and will feature earthquake-resistant designs, intelligently designed residences, retail, offices and hotel rooms, as well as water filtration and integrated security surveillance. The property will offer premium residences at The Lake Suites, a new and exciting retail experience at the Myanmar Plaza and premium office spaces in Grade-A office towers at the Myanmar Centre
Tower, as well as a five-star international hotel called Melia Yangon.
The premier also participated in a similar event held to inaugurate operations of the financial and insurance arms of the Bank for Investment and Development of Viet Nam (BIDV) in Myanmar. He urged the Association of Vietnamese Investors to Myanmar (AVIM) to increase its role in supporting Vietnamese firms expend business and investment in Myanmar, focusin in particular on finance, banking and real estate.
Dung thanked the Myanmar Government and Yangon authorities for facilitating Vietnamese investment projects in the country.