First rent-free trading centre opens in Hanoi
Vietnam's first rent-free trading centre, located at the Hoa Binh Green City project in Hanoi, will bring great opportunities to local businesses, experts said.
Nguyen Huu Duong , Hoa Binh Group chairman, last week signed a management agreement with CBRE Vietnam to prepare Hoa Binh Green City for the launch of V+, a “people’s shopping mall” and supermarket, by the end of this year, according to CBRE. V+, Hoa Binh Group’s community marketplace, is reportedly offering quality conventional and organic groceries and fresh produce from Vietnam at lower prices than those of other big malls and supermarkets. The marketplace aims to promote domestic goods and support Vietnamese producers, farmers and family businesses. Hoa Binh Group is offering free rent to retailers for an unlimited time.
CBRE will manage this project from the set-up to the operational stage and follow best practices in international management, it said. After the project opening, CBRE will be responsible for the smooth operations of the entire retail component and maintain it according to international standards.
Thoi bao Kinh te Vietnam, or Vietnam Economic Times as the newspaper is known in English, quoted Duong as saying eligible local enterprises would rent stalls for selling goods, covering a total area of 25,000 square metres, at the trading centre in Hanoi’s Hoa Binh Green City residential region.
