HAGL Group to develop commercial complex in Myanmar

The Hoang Anh Gia Lai Group, property developers in Vietnam, broke ground on the US$440 million eight hectare Hoang Anh Gia Lai Myanmar complex center in Yangon City in Myanmar.

Construction will be divided into two phases, with the first stage intended to establish a commercial center, a 23 floor five-star hotel with 480 rooms, and a 27-story office building for lease.

The second phase will set up four building blocks over 206,000 square meters comprising of 1,800 apartments and another office building for lease over nearly 64,000 square meters.

The center is expected to complete by 2016.

Speaking at the groundbreaking ceremony, representatives of the Myanmar government said that the Hoang Anh Gia Lai - Myanmar Center will be Myanmar’s largest overseas investment project.

Industry and Trade Minister Vu Huy Hoang participated in the ceremony on behalf of the Vietnamese Government.

By Luong Thien – Translated by Uyen Phuong

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

SAS profits VND 118bln

The Southern Airports Service Joint Stock Company (Sasco) which is listed under code SAS on the Unlisted Public Company Market (UPCoM), announced its second quarter’s financial report with net revenue at VND 634.5billion, an increase of 14 percent compared to last year.