Distinguished guests ttend the trade centre's ribbon cutting ceremony on Sunday. — VNS Photo

The Artemis trade centre opened its doors on Sunday on Le Trong Tan Street in Ha Noi.

Financed by ACC Thang Long Company, the 29.700-square.metre centre boasts a supermarket, cinemas, commercial spaces and entertainment areas.

Booths at the centre will offer thousands of gifts and promotions to its customers to celebrate this occasion.

According to experts, the modern retail market in Viet Nam had much room for development, as modern shopping currently makes up 25 per cent of the country total retail sales, much lower than that of other countries in the region.

They predict that the proportion of modern retail channels, including trade centres, will rise by 45 per cent by 2020. The country will have more than 330 commerical malls, 1,200-1,300 supermarkets and thousands or even tens of thousands of convenience stores by that time. — VNS