02h24 - Thursday, 5/19/20160

HOA SEN YEN BAI CENTER OF TRADING – SERVICES – HOTELS - RESTAURANTS AND EVENTS PROJECT

Hoa Sen Group's Hoa Sen Yen Bai Center of Trading – Services – Hotels - Restaurants and Events Project (hereinafter referred to as the Project) was started on May 19, 2016 at Group 48, Dong Tam Ward, Yen Bai City, Yen Bai Province.

The project is invested by Hoa Sen Yen Bai Joint Stock Company, on a land area of ​​nearly 1.5 hectares, with a total estimated investment capital of about 500 billion VND.

The project is located at the intersection of three major routes of Yen Bai city (economic, political and cultural center of Yen Bai province) including: Nguyen Tat Thanh, Nguyen Van Cu and Ngo Gia Tu.  

Additionally, the project is also adjacent to National Highway No. 37 - an important traffic route connecting the East and North West regions, passing through eight provinces and cities: Thai Binh, Hai Phong, Hai Duong, Bac Giang, Thai Nguyen, Tuyen Quang, Yen Bai and Son La.

This favorable location makes the project easy to connect with the development centers of the North region, as well as facilitate trade development and tourist attraction. 

Hoa Sen Yen Bai Center of Trading– Services – Hotels - Restaurants and Events Project model

Currently, the project is considered as the largest trade center and hotel with international standard in Yen Bai province. The project consists of a 15-storey commercial center and hotel, with a total floor area of ​24,561 square meters, and a shophouse area of ​​over 130,000 square meters.

The project will meet the diverse needs of tourists as well as local residents such as: Hotel (4 stars), commercial center, conference, wedding restaurant, supermarket, café andshophouse, etc.  

Perspective of Hoa Sen Yen Bai Center of Trading– Services – Hotels - Restaurants and Events

As planned, the project will be implemented in 2 phases:

•       Phase 1 (Quarter IV 2016 - Quarter IV 2018)

o   Construction of base and low-rise building blocks (including: Trading center, conference, wedding restaurant and 4 star hotel, ...).

o   Infrastructure and garden.

o   Technical infrastructure of shophouse.

o   Underground parking and other functional areas.

•       Phase 2 (Quarter IV 2018 - Quarter IV 2020)

o  The Phase 2, with the 15-storey tower blocks, will be implemented by the Group based on the actual situation and progress of the project, expected from Quarter IV 2018 to Quarter IV 2020.

Currently, Hoa Sen Group has completed site clearing work and preparing land for deloying the project.. In addition, after completing the concept design, CPG (Singapore) as the design consultant is also focusing on completing the basic design and technical steps of the project. Hoa Sen Group is expected to open bidding and construction in the second quarter of 2017.

Hoa Sen Yen Bai Center of Trading – Services – Hotels - Restaurants and Events is the first real estate, service and tourism project of Hoa Sen Group marking a new milestone from being a leading steel enterprise in Vietnam and Southeast Asia to a completely new field with many opportunities and challenges.

The implementation of the investment in the project has presented the superior leadership and strategic vision of leaders of Hoa Sen Group in the integration period. As the market economy is opening up a lot of business opportunities for enterprises, with its flexible and creative business strategy, Hoa Sen Group has quickly grasped and expanded the field of investment, standing firmly to reach new heights, not only towards becoming the leading supplier and distributor of building materials in South East Asia, but also becoming a multi-industry corporation in Vietnam, affirming the position as a global growth company in the World Economic Forum 2015.

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