The Thuong Cat market project (Viet Hung ward, Hanoi) is invested by the Plastic Chemical Group Joint Stock Company with a total investment of nearly 300 billion VND.
The Thuong Cat market project is currently under construction on a land area of 2,780.6m2; construction area of 1,256m2; total construction floor area of 11,776m2.
The project was granted an investment certificate by the Hanoi People's Committee on December 23, 2008. The investment goal of the project is to build a commercial service center combined with a type 3 market. The scale of the project is 5 floors high, with an area of 2,600m2.
The project was originally scheduled to be completed in 2009. However, the project is continuously slow to be implemented.
In August 2023, the Office of the Hanoi People's Committee issued document 9325 on the dossier to adjust the investment policies of projects that have organized bidding to select investors, including the above-mentioned market project.
The Vice Chairman of the Hanoi People's Committee assigned the Hanoi Department of Planning and Investment to comply with the transitional provisions of the law on investment regulating the adjustment of investment projects before the effective date of the 2020 Investment Law; remove difficulties for the above investors and projects of similar nature to soon put the above projects into operation, serving the needs of the people.
At that time, the project investor, Plastic Chemical Joint Stock Company, requested to adjust 7 contents compared to the investment project previously granted by the Hanoi People's Committee.
The contents of the request for adjustment include: Adjusting the investor's name to synchronize with the issued certificate of business registration for change; adjusting the project name to be more concise, still ensuring the nature and investment goals of the project.
Add the goal of offices for rent; Adjust the architectural planning indicators (increasing the height of the building from 5 to 9 floors above ground, 1 attic floor and 2 basements to increase the floor area of the building, increase the construction density of the building from 29.2% to 45%).
Adjust the land area from about 2,600m2 to 2,780.6m2 (according to the granted Land Use Rights Certificate); increase the total investment to 9.11 times (from VND 30,717 billion to VND 279.688 billion) and adjust the project implementation progress from 2008-09 to the second quarter of 2023 - the second quarter of 2025.
It was not until October 2024 that the project was officially started and the progress was adjusted to the first quarter of 2026.
According to Lao Dong on December 23, the Thuong Cat market project has completed the rough construction.
At the construction site, workers are installing glass and completing the lobby for the market project.
