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S. Koreas Gs Retail To Build Us $ 30 Mln Trade Complex In Vietnam


The GS Retail Co. Ltd. from the Republic of Korea has announced a plan to invest US$30 million in a trade complex located in the My Phuoc III Industrial Park in the southern province of Binh Duong.

The RoK’s leading retail group signed a contract on December 13 to lease seven hectares of land in the park with the Binh Duong Industrial Investment and Development Company. The trade complex will be built in two phases.

The complex will include hotels, restaurants, and offices for lease, retail supermarkets, entertainment parks and a sports area.

Becamex IDC CEO Nguyen Van Hung said his company would work with provincial authorities to create the best possible conditions for foreign investors to operate profitably there as they have previously committed.