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On November 15, the People’s Committee of Can Tho City issued Decision No. 2579/QD-UBND approving in principle the investment policy and selecting Hoa Lam Can Tho Investment and Development Joint Stock Company as the investor for the Aeon Mall Can Tho project.

The total investment capital for the project is VND 5,400 billion, of which VND 1,080 billion is contributed by the investor and VND 4,320 billion is mobilized capital. The project has a duration of 50 years from the date of issuance of the Decision.

The project has a total land area of 84,998.5 sq.m, including a portion of land managed by the state that does not meet the conditions and criteria to be separated into an independent project, with an area of 3,871.57 sq.m.

In terms of construction scale, the total floor area of the whole project is approximately 195,073 cu.m (excluding basement). The first phase (commercial center 01) has a construction floor area of about 113,921 cu.m, and the second phase (commercial center 02 and parking building) has a construction floor area of about 81,152 cu.m.

The first phase (Commercial Center 1) is expected to complete related administrative procedures, commence construction, and put the work into operation within 36 months from the date of issuance of the Decision approving the investment proposal and selecting the investor.

The second phase (Commercial Center 2 and parking building) will be implemented within 10 years after the inauguration of Phase 1, depending on the local and regional economic situation.

The Can Tho City People’s Committee assigned the Department of Planning and Investment to take full responsibility for the appraised content of the investment proposal approval and investor selection. At the same time, the department will consider granting the Investment Registration Certificate as proposed by the investor in accordance with regulations and monitor the project’s implementation and operation, periodically reporting to the City People’s Committee.

The Department of Natural Resources and Environment is responsible for guiding the investor in completing land, environmental protection, and related procedures in accordance with the law.

The Department of Industry and Trade, Department of Transport, Department of Construction, Can Tho City Police, and relevant units are requested to coordinate with the People’s Committee of Binh Thuy District to guide the investor in completing the procedures for investment, construction, and operation of the project as prescribed.

This Decision on approving the investment proposal and selecting the investor takes effect from the date of issuance (November 15, 2024)

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