approved the construction of a new complex of commercial centers, hotels and
offices covering nearly one hectare near the Sword Lake.
power company several years ago planned to invest in a similar complex at the
site but it was strongly objected to by local residents. They were afraid that a
large construction will severely damage the landscape and environment of what is
considered the heart of Hanoi.
Electric Equipment Corporation (VEC) under the Ministry of Industry and Trade
will invest in the new complex that is located next to the Hanoi People's
Committee office, the local newswire Vnexpress reported.
People's Committee has approved the location and asked the firm to obtain
investment and land use permits.
required to gain the project approval in 12 months.
complex will be the second of its kind in the area after the Trang Tien Plaza.