The ground floor of the Saigon Tax Trade Center in downtown Ho Chi Minh City. The center is drawing more shoppers than before thanks to promotions. Photo credit: Thoi bao Kinh te Saigon
Booths at the Saigon Tax Trade Center are already offering discounts of up to 50 percent on a wide range of items as they are scheduled to close by late September to make way for the construction of a new skyscraper.
Tran Thuy Lien, the center’s director, told news website Thoi Bao Kinh Te Saigon that the five-storey trade center in downtown Ho Chi Minh City will be replaced by a 40-storey building on the same site.
She said the new building will not only have shops and a supermarket like the old one, but also feature a convention center, a hotel, and offices for lease.
Work on the new building is expected to start at the end of this year, Lien said.
She said that the new trade center’s four-storey basement will connect to the Ben Thanh –Suoi Tien metro line’s underground station. The line will span nearly 20 kilometers between District 1 and District 9 and is expected to come into operation in 2018.
The current Saigon Tax Trade Center sells handicrafts, clothing, jewelry, electronic devices and provides a popular destination for foreign tourists visiting Ho Chi Minh City.