VNRE - Hanoi authorities have decided to restructure Trang Tien Plaza, the mall with the prime location on the corner of Hoan Kiem Lake.
The restructuring was initiated by the State Capital Investment Corporation and has been approved by the Hanoi People’s Committee.
The aim is to improve efficiency as well as upgrading the building including how it fits it surroundings.
In particular, however, it is the products on sale that will change with the new emphasis split between world brands and Vietnamese traditional products.
“It is necessary to work with the representatives of people in the Plaza and get their input,” said the chairman of Hanoi People’s Committee Nguyen The Thao.
Thao also stressed that the upgrading of the building must follow current laws on architecture planning management, investment and construction.
Agreeing with the proposal, deputy chairman of the Hanoi People’s Committee Nguyen Huu Tuong said he expects the building will be turned into a modern trade centre with national stature, deserving of its special location in the centre of the capital of Vietnam.
Tuong said that the Trang Tien Investment and Trade Company and the partners who join the investment and upgrading of Trang Tien Plaza must not lose the traditional characteristics of the previous “Bach hoa tong hop” (General Department Store) which has been familiar to many generations of Hanoians.
Trang Tien Plaza, which is located on the land where Bach hoa tong hop once existed, opened in early 2002 under the joint management of the Vietnam Construction Import-Export Corporation (Vinaconex) and the Hanoi Trade Corporation.
Set on the corner of Hoan Kiem lake and with Trang Tien, Hang Bai and Hai Ba Trung on three sides, the 20,000 square meter trade centre is expected to play a key role in defining the capital in a period of change.
Reported by Thoai My | VNN