Work begins on $150.3 million Capital One Project in Hà Nội

Tuesday, Apr 22, 2025 14:40

Financed by the Vietnam Construction and Import-Export Corporation (VINACONEX), the Capital One project spans more than 11.700sq.m in the Kim Văn-Kim Lũ New Urban Area. It is part of the company’s broader vision to redefine its position in the high-end real estate market.

Delegates join the project's ground breaking ceremony on Tuesday in Hà Nội. — Photo bnews.vn

HÀ NỘI — Construction of a trade centre, hotel and apartment complex, valued at VNĐ3.9 trillion (US$150.3 million) in Hà Nội's Hoàng Mai District started on Tuesday.

During the project's ground breaking ceremony, the Deputy General Director of VINACONEX Trần Đình Tuấn, said Capital One is a specific step in Vinaconex's strategy of restructuring and repositioning the brand.

The corporation aims to create new momentum for socio-economic development, trade, tourism and premium services in Hà Nội’s southern gateway, Tuấn said. — VNS

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HCM City retail property market faces challenges

Tuesday, Apr 22, 2025

New retail malls are consistently being introduced in districts outside the central areas, offering a wide array of business models. This trend is gradually transforming traditional street-front retail, which is under significant pressure from the growing e-commerce sector.