Location: In the center of Vinh city, at crossroad between Quang Trung street and Tran Phu street, 5 km away from Vinh airport. The location for building the trading center and supermarket has been planned.
Land area: 11,562 m2.
The location is very convenient for traffic both in north-south direction and west-east direction; it connects Cua Lo seaport with Thanh Thuy national frontier pass, assuring for goods import and export with countries in region and in the world.
The land plan for building the trading center and supermarket is flat in high and dry place, favourable for construction of high buildings with unmark able expenditure for clearing place.
Water system and electricity supply system on the spot has been installed previously.
The planning as expected consists of the following works:
Trading center building (7 stories), plan area of 3,000 m2 with functions: work office, product showroom, supermarket, representative office, hotel, restaurant, and storage…
Entertainment area: plan area of 4,600 m2 with functions: tennis court, swimming pool, sauna.
Yard, internal roads: plan area of 4,000 m2, with functions: car park, ground for outdoor goods, roads, trees.
Investment scale:
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Trading center 7 stories building with constructed area of 10,000 m2.
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Entertainment area: 4,000 m2
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Yard, internal roads: 4,000 m2
Expected investment capital: 6,000,000 USD
Form of investment: 100% foreign investment. In which:
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Money for hiring land: 1,300,000 USD
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Construction: 2,671,000 USD
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Equipments: 1,644,000 USD
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Other expenditures: 165,000 USD
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Standby amount: 220,000 USD
Market research and feasibility: Business is carried out in the form of supermarket in combination with other synchronous services. This is a modern and advanced business model to ensure business culture and the modernization of trading services. This model is a necessary and indispensable tendency of doing business in trading city.
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The minimum yearly revenue: USD 1.5 million (VND22.8 billion)
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Total investment capital (70%): USD 1.05 million (VND 15.06 billion)
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Pre-tax profits: USD 0.5 million (VND 7,6 billion)
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Capital return period: 7 - 8 years
Vinh city’s revenue from trading services reached nearly VND 1,000 billion in 2001, achieved the annual average growth rate of 15-17%. It is estimated to reach VND 1,500 billion.
Therefore, the project of trading center and supermarket in Vinh city is highly feasible and expected to bring out the investment’s efficiency.
Information on Vietnamese partner:
Name of company: General services import-export company, established under the Decision No. 2079/QÐ.UB issued on 11th November 1992 by the People Committee of Nghe An Province.
Address: No. 6 Quang Trung Street- Vinh city.
Business fields: Trading, Import-export, hotel services, tourism, and transportation for tourists.
Overview of recent situation of the Company:
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Fixed assets: VND 12,848 million
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Business Capital: VND 16,135 million
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Labor: 400
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Annual revenue: VND 175,452 million (2001).
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Pre-tax revenue: VND 760 million
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Investment contribution capacity: VND 30 billion (including land rental of USD 1.3 million, equal VND 20 billion).
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