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Ha Noi needs $25b to build trade centres
Ha Noi will require as much as VND521 trillion (US$24.8 billion) to make good on plans to develop high class whole sale and retail systems by 2030, the capital's People's Council has claimed.
Under the plans recently approved by the People's Council, the money will be used to convert the city's trading system into a national and regional trading centre by 2030. The city would call on foreign and domestic enterprises, individuals and organisations in the trade sector to raise capital, the council said.
Nearly a quarter of the figure (VND161 trillion) would need to be invested by 2020 with the remaining VND360 trillion ($17.1 billion) to be filtered through in the following decade.
Ha Noi would have eight agricultural wholesale markets, each with a scale of between 50-100ha, situated in Me Linh, Phu Xuyen, Thach That and Gia Lam districts.
Ha Noi would avoid building new inner city markets and would instead upgrade existing sites into hypermarkets.
The city would have 19 hypermarkets in its central area plus 32 shopping centres extending out to satellite cities such as Hoa Lac, Phu Xuyen, Son Tay and Soc Son.
Ha Noi would also develop general wholesale centres at regional level for industrial products in Gia Lam Soc Son, Chuc Son, Thuong Tin and Son Tay.
New international-standard exhibition centres would be built in My Dinh and Dong Anh areas, while Phu Xuyen and Soc Son would house logistics service centres to serve Ha Noi's customers.
According to the Ha Noi Industry and Trade Department, Ha Noi has 20 trading centres and 110 supermarkets, most of which are located in the central regions of Ha Noi.
The city doesn't have trading centres at regional and international level, or wholesale centres and logistics service centres,so enterprises have difficulties finding places to conduct business and high quality trading services, while they still pay high costs for their trading activities
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