Approval on the investor of the 5-star hotel-commercial center complex project at Sat Market

Hai Phong People’s Committee signed Official Letter No. 7641 on October 12, 2021 on the implementation of procedures for investor approval of the project on complex of commercial centers, entertainment centers, 5-star hotels and offices for lease to carry out urban embellishment in Sat Market area for Saigon Garment – Match Joint Stock Company.

According to Hai Phong Department of Planning and Investment, Saigon Garment – Match Joint Stock Company is the only unit participating in the project registration and meeting all the requirements for capacity and experience.

Pursuant to Article 108, Section 6 of Decree 31/2021/ND-CP dated March 26, 2021, Saigon Garment – Match Joint Stock Company is applied in case only one investor registers and meets the requirements. preliminary requirements on capacity and experience, or there are many registered investors but only one investor meets the preliminary requirements on capacity and experience, from there, carry out the investor approval procedure according to the regulations of the law on investment.

The People’s Committee of Hai Phong City has sent an official dispatch on assigning the Department of Planning and Investment to guide the Saigon Garment – Match Joint Stock Company to carry out the next procedures in accordance with the provisions of the law on investment. Accordingly, the Department of Planning and Investment has posted the results of the assessment of investor’s capacity and experience on the website of the Ministry of Planning and Investment, and guided investors to take the next steps of the project.

Saigon Garment – Match Joint Stock Company also meets the conditions under Point b, Clause 3, Article 29 of Decree 31/2021/ND-CP. The company will submit 4 sets of application documents for investor approval to the investment registration agency, including: A written request for investor approval, documents specified at Points b, c, e, g and h, Clause 1, Article 33 of the Law on Investment (According to Article 30, Section 2 of Decree 31/2021/ND-CP dated March 26, 2021).

Perspective of the complex of commercial and entertainment centers, 5-star hotels and offices for lease in Sat market area (Hai Phong).

Saigon Garment – Match Joint Stock Company is an investor that has confirmed its name with a series of real estate projects in Ho Chi Minh City and southern provinces such as TNR Tower Nguyen Cong Tru, No. 180-192 Nguyen Cong Tru, District 1 and the GoldView TNR luxury apartment-apartment complex, 4 Ben Van Don, District 4, Ho Chi Minh City…

The participation of Saigon Garment – Match Joint Stock Company in the Northern real estate market has quickly received the attention of the market and customers and confirmed the prestige and financial potential of this unit. With the experience and capacity of Saigon Garment – Match, the project of a 5-star hotel-commercial center complex and an office for lease in Cho Sat is expected to be not only a symbol of Hai Phong city in the past. but also a symbolic image associated with Hai Phong in the future.

CTV Thu Nga/VOV