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Thursday 24 January 2008

Petec Mart project kicked off


17:23', 15/1/ 2008 (GMT+7)
Petec Binh Dinh Joint Stock Company (Petec Bidico) kicked off the first phase of Petec Bidico Trade Center (Petec Mart) in Quy Nhon City on January 15. Thuy Vi interviewed the general director of Petec Bidico Nguyen Trong Phat about the project.

Petec Mart. Photo B.L
Q: Why did Petec Bidico decide to invest in Petec Mart project?
A: Binh Dinh has the potential to develop the retail market which is very popular in Vietnam at present. Nhon Hoi Economic Zone and other industrial clusters have attracted more and more investors. The infrastructure for the economic development is strongly invested. Also, Quy Nhon City is expected to become a center of the key economic zone for Central region.
Petec Mart is, therefore, expected to partly contribute to the development in Binh Dinh when it is fully operational. A goods distribution system will be formed, meeting the people's requirements.
All above-mentioned factors helped us decide to build Petec Mart with the hope that it will benefit not only the company but Binh Dinh's trade activities.
Q: How about the scale of project?
A: The 7-storey Petec Mart worth nearly VND30 billion plans to be built on an area of 1,700 sq.m. In the first phase, four storeys including one basement, one ground floor, and two other floors are expected to be in use by late 2008.
The second phase will be used for the construction of offices for rent and halls for conference.
We are concerned of not only infrastructure but human factor for this is a modern building. At present, the staff are being trained to work at Petec Mart.
Q: Could you talk more about the operation of Petec Mart when it is completed?
A: We carefully analyzed the statistics for business. The population of Quy Nhon City is more than 500,000 people who will be potential customers for self-selected and electronic products.
Petec Mart plans to sell high quality products, so distributors will be carefully selected. We eye well-known distributors such as Metro Cash and Carry in Da Nang, PP Center, and other food manufacturers.
Petec Mart will be designed as a modern trade center with advanced technologies. The business at each storey will be appropriately arranged to meet customers' demand for shopping.
Petec Mart is expected to play an important role in our business strategy. It can be considered as a driving force to diversify measures of distribution and expand the market. Thanks to this, we hope to develop kinds of services, typically offices for rent. Petec Mart will also provide more choices for the people and tourists to Binh Dinh when they go shopping.
We do believe that Petec Mart would create more jobs and contribute to the local budget. More significantly, it is a turning point in the development of Petec Bidico.
We plan to join the securities market in the coming time. The effective business, therefore, means that we could get the belief of shareholders, partners, and local authorities.
Thuy Vi (translated by Hong Quang) (Ref. http://www.baobinhdinh.com.vn/business/2008/1/53632/)

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