E-Mart Vietnam to build first Hanoi store at StarLake

According to StarLake, E-Mart and THT Development have signed an agreement to transfer two commercial land lots with an area of 1.86 million sqm in Hanoi’s Tay Ho (West Lake) district within StarLake project. These land lots will be developed into a new hypermarket that will sell food, household items, and clothing made in South Korea and will also have entertainment for children, restaurants, and cinemas to provide convenience and comfort to customers.

In late 2015, E-Mart opened the first location in Vietnam, on a 3-hectare site in Go Vap district, Ho Chi Minh City with the total investment of US $60 million. During the next five years, E-Mart plans to invest in commercial facilities, including hypermarkets and supermarkets, with the total capital of US $200 million and 50 stores in Vietnam by 2020.

In another context, the South Korean retail and entertainment group CJ has deposited an agreement with THT for two land lots at StarLake project to build CGV cinemas, a Tous les Jours bakery, and FMCG businesses.