Lotte is preparing to invest $2 billion in a project in Ho Chi Minh City.

The 10-hectare complex includes a high-end shopping mall, hotel, office space, and apartments.

Recently, the Lotte consortium of investors received approval for the investment plan to build a "Smart Complex" in the central core area (Zone 2A) of the Thu Thiem New Urban Area, District 2, Ho Chi Minh City. This is a complex project with an estimated investment of up to 2 billion USD, involving major investors from Japan and the Lotte Group of South Korea.

With the government's plan to develop the Thu Thiem new urban area into an international financial center, the future "East Pudong" of Ho Chi Minh City, Lotte hopes to develop its "Smart Complex" project in the Thu Thiem new urban area into a landmark not only for Ho Chi Minh City but also for the entire Southeast Asian region.

The 10-hectare "smart complex" is designed to include a high-end shopping mall, hotel, serviced apartments, offices, and residential apartments.

The project is expected to complete its detailed planning in 2014 and develop in multiple phases to align with the infrastructure development schedule of the Thu Thiem new urban area.

According to VOV