An investment of nearly 385 billion VND is expected to be made in the construction of a new Do Luong market.

(Baonghean.vn) - On the morning of July 11th, under the chairmanship of Mr. Nguyen Xuan Duong – Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, the Provincial People's Committee held a working session with a delegation from the Hai An Market Investment, Construction, Management and Exploitation Cooperative to explore, survey, and research investment opportunities in market and commercial center projects in Nghe An province.

Also attending were Comrade Le Xuan Dai – Member of the Standing Committee of the Provincial Party Committee, Permanent Vice Chairman of the Provincial People's Committee; Mr. Duong Van Chien - Chairman of the Vietnam Market Association, Chairman of the Board of Directors of Hai An Cooperative; and representatives of the leadership of a number of relevant departments, agencies and localities.

Overview of the working session

Currently, Nghe An province has 405 operating markets, including one wholesale agricultural market in Nghi Long commune, Nghi Loc district; 7 Class 1 markets (1.72%); 18 Class 2 markets (4.44%); 244 Class 3 markets (60%); and 136 temporary markets (33.58%). The markets in the province generally have a large land area, with a total market land area of ​​210.8 hectares and an area under use of 90.8 hectares.

At the meeting, representatives from Hai An Cooperative presented their investment, construction, ownership, and business plan for the central market project in Do Luong town and the project to build a self-built residential area in Do Luong district.

Chairman of the Provincial People's Committee Nguyen Xuan Duong requested that Do Luong district and the investor pay attention to the rights of small traders when doing business in the new market, as this is the most important issue when implementing the market project.

Accordingly, the Hai An Market Investment, Construction, Management and Operation Cooperative – Hai Au Construction Company (Bac Giang province) has invested in many market projects in various localities. In Nghe An, after a thorough investigation, the investor received approval from the People's Committee of Do Luong district for the investment, construction, ownership, and operation of the Do Luong market. The construction area covers 29,074 m2 under the BOO (Build-Own-Operate) model with a total investment of nearly 385 billion VND. The market includes five-story buildings, with a one-story traditional market area in the center – the core space of the project – comprising three market stalls with 1,548 business units, meeting the standards of a Class 1 market.

Along with this project, the cooperative also developed a project for self-built technical infrastructure and adjacent residential areas on an area of ​​nearly 12,000 square meters with a total estimated investment of approximately 94 billion VND.

Chairman of the Board of Directors of Hai An Cooperative, Duong Van Chien, proposed allowing investors to survey and invest in the construction of 5-10 market projects in the province.

After listening to the opinions of the investor and relevant departments, in his concluding remarks at the meeting, Mr. Nguyen Xuan Duong - Chairman of the Provincial People's Committee - welcomed the investor's interest in exploring investment opportunities in the province.

In line with the policy of socializing investment in the construction and management of markets as stipulated in Government Decree No. 02 on market development and management, during the period 2016-2020, the People's Committee of Nghe An province aimed to attract investment capital to develop several market and commercial center projects in the province.

Comrade Le Xuan Dai - Standing Vice Chairman of the Provincial People's Committee, stated that investors need to consider the scale of high-rise construction in the market project.

Overall perspective of the entire project.

In the initial phase (2016-2017), priority will be given to investing in the construction of markets in Do Luong district, Thai Hoa town, Yen Thanh district, Hung Nguyen district, and a commercial center in Vinh City to meet the local demand for trade development and rural development; in subsequent years, investment will be made in the construction of several markets and commercial centers as listed in the attached document. Therefore, we request that the Department of Industry and Trade and local authorities guide Hai An Cooperative to continue researching and surveying for investment in traditional market and commercial center projects in the province.

Perspective view of the Do Luong market corner.

Regarding the projects presented by Hai An Cooperative, the Chairman of the Provincial People's Committee requested that the People's Committee of Do Luong District and the investor clarify the arrangement plan and the rights of traders currently doing business in the old market when moving to the new market, in order to meet the aspirations of the locality and business households in Do Luong - this is the most important issue when implementing the project. In addition, the two projects should be implemented separately, and the market construction project should be implemented first.

The investment regulations and proposals from investors, as well as those from relevant sectors and localities, are reviewed and responded to, creating the most favorable conditions for investors.

Thu Huyen