The Ministry of Industry and Commerce of Hanoi has just coordinated with the Ministry of Planning and Architecture of Hanoi and the district people’s committees to study and decide on the prospective location of the outlet complex. Accordingly, the multi-sector sector proposed setting up a commercial and service land fund of about 811.57 hectares in the area on both sides of the Nhat Tan-Noi Bai route to implement the outlet center project.

In addition, the Ministry of Industry and Commerce and the Ministry of Planning and Architecture also continue to study and propose to arrange commercial and service land funds in Soc Son and Thanh Tri districts to study and propose the implementation of the central project.

The implementation of investment in the construction of 1-2 large outlet areas is one of the 19 goals set out in the Hanoi Party Committee’s Program No. 03-CTr/TU on “Urban Beautification, Urban Development and Economic Development”. Urban economy in the period 2021-2025″.

According to the Ministry of Industry and Trade of Hanoi, the outlet model is a new type in Vietnam, there are no specific laws, standards and regulations, so the research, proposal and approval of construction investment projects in the outlet area are still difficult at first . However, this is a well-known model that is successful in many countries.

Through research, outlet malls often sell goods at 30-40% cheaper than market prices, thereby attracting large numbers of international and domestic tourists, bringing significant revenue to the budget.

Especially in the fashion sector, outlet products belong to well-known fashion brands, articles with soft prices because they have to be sold on the market as quickly as possible in order to recover capital. In particular, all items in outlet stores are clearly from the company. It is this new way of selling that is very attractive to customers as it is cheap to buy and has real items. Therefore, many opinions say that outlet centers in Hanoi, if they become operational, will make a significant contribution to the development of tourism and services.

It is well known that Hanoi City is striving to make the commercial industry a high-value value-added industry in the capital’s service sector. The city will attract and attract investment in various types of commerce including markets, supermarkets and commercial centers to ensure planning compliance. At the same time, assisting businesses in removing difficulties and obstacles, accelerating the implementation of new construction projects, reconstruction and renovation of markets, commercial centers and supermarkets in the city.

To achieve the goal, Hanoi is committed to promoting and continuing to support the socialization of investment to achieve breakthroughs in the development of trade and services on the basis of scale expansion, species diversification, enhancing trade and service development and to create quality consistent with the goal of making Hanoi an international trade and transaction center for the region and the whole country…