SC VivoCity will be built on 72,000sq.m, including 5 storeys and basement, at a cost of US$100 million as a joint venture of Saigon Co.op and Mapletree Company, two leading real estate groups from Vietnam and Singapore.

HOK – a leading design group in the US and the world - is responsible for designs, architecture styles and decorations.

The centre will be a place for world famous fashion trademarks, modern cinemas, entertainment and education sites and cuisine.

The first phase of the project will finish in the first quarter of 2014.

Vice Chairwoman of the Ho Chi Minh City People’s Committee, Nguyen Thi Hong and Singaporean Ambassador to Vietnam, Simon Wong Wie Kuen, expressed their hopes that the project will boost trade activities in Vietnam and gradually upgrade domestic commercial centres on par with those in regional countries.