Lotte calls for authorities’ support in building Thu Thiem eco-urban complex

Vice Chairman of the Lotte Group Hwang Kag-gyu made the statement while being received by Secretary of the municipal Party Committee Nguyen Thien Nhan in the city on July 25.

Hwang said his group’s investment idea in the Thu Thiem area formed in 1994 turned into a reality after representatives of Lotte and HCM City signed a contract on the eco-urban complex project in July 2017.

He said Lotte expects further support from the city so it can quickly begin building the complex. 

Hwang said member companies of his group want to take part in the city’s urban railway project and are ready for bidding. They are also interested in building local wastewater treatment facilities.

Lotte wants support for long-term investment in Vietnam, he affirmed.

The HCM City Party Committee’s Secretary Nhan welcomed Lotte’s projects in Vietnam, saying they have contributed to the two nations’ relations.

Noting the good progress of the US$900 million eco-urban complex, the official stated that the city will help it be constructed soon.

He said there are other projects for Lotte to join in the Thu Thiem New Urban Area, suggesting building a financial centre and other financial facilities.

Nhan revealed that the city is designing a planning project for Thu Duc District, District 9 and District 2 to make them innovative urban areas and the core of the 4th Industrial Revolution in HCM City.

The Lotte Group has operated in Vietnam since 1996, opening 16 member companies for its investment in the country.