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HCM city's trade center to enter Moscow
02 Feb '07
1 min read
HCM city's trade center would open its branch in Moscow (Russia) by third quarter 2007, sources informed.
In first phase, capital of US $35 million would be invested in construction of commercial complex covering 30,000 square meters, capable of accommodating 2,000 stores.
At present, there are about 30,000 Vietnamese people engaged in retail business in Moscow. With launch of this project, retailers are expected to get benefits after Governments strict control over foreign retailers in domestic market.
Total investment required for this project is estimated at $100 million.
In first phase, capital of US $35 million would be invested in construction of commercial complex covering 30,000 square meters, capable of accommodating 2,000 stores.
At present, there are about 30,000 Vietnamese people engaged in retail business in Moscow. With launch of this project, retailers are expected to get benefits after Governments strict control over foreign retailers in domestic market.
Total investment required for this project is estimated at $100 million.
Fibre2fashion.com News Desk-Vietnam
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