HaiPhong will have a new development symbol named Sat market

All generations of HaiPhong people, especially those aged over 40 are familiar with Sat market. For a long time, Sat market has been closely associated with HaiPhong, is the pride of the city people, and is "showing off" to friends.

In the busy time of market, people often liken "There is nothing lacking in Sat market". Therefore, business households in Sat market are known for being very rich. In the 1990s, the City had a joint venture with foreign businesses to demolish old Sat market and built a new spacious multi-storey building with the old name as Sat market. However, the hustle and bustle activities have decreased year by year. The market was so large but lonely, only using a part of the first floor, and a little space on the second floor, making people regretful feelings.

For decades, Sat market, the pride of HaiPhong people, was in such condition.

Therefore, many people are very happy when Saigon Matches and Garment Joint Stock Company once again would like to make a prominent landmark on the old Sat market location, contributing to promoting the value of a place considered as a golden position. At the location of the current Sat market, there will be a commercial and entertainment center, a 5-star hotel and lease office building with the old name: Sat market. This is identified as one of the key projects of HaiPhong in 2022 making an effective and important contribution to Hai Phong quickly realizing its dream of becoming a major trade, tourism and service center of the whole country.

Perspectives of Sat Market Trade Center

These days, Saigon Matches and Garment Joint Stock Company is urgently constructing temporary works to serve the project of Trade Center, entertainment center, 5-star hotel and lease office building of Sat market (Sat Market Commercial Center Complex). Temporary works located on Truong Chinh Street, Lam Ha Ward, KienAn District has now completed 50% of construction works to receive business households from old Sat market. At the same time, urgently complete necessary procedures and works to implement the groundbreaking ceremony of the project of Sat Market Commercial Center Complex in Hong Bang District on the occasion of May 13, 2022.

Perspectives of temporary works in Kien An District

Temporary works on Truong Chinh Street, Lam Ha Ward, KienAn District has a total investment of more than 30 billion VND.

Temporary works are designed and built quite modernly and spaciously, meeting the requirements of about 450 business households.

Temporary works on Truong Chinh Street, Lam Ha Ward, Kien An District with a total investment of more than 30 billion VND are built by investor themselves, not included in the total investment of the project in order to create the most favorable and convenient conditions for business households of old Sat market. As temporary works, but they are also designed and built quite modernly and spaciously, meeting the requirements of about 450 business households. Notably, Saigon Matches and Garment Joint Stock Company will operate temporary works for 3 years without any rentals from business households. Other fees and charges (electricity, water, environment...) are collected in accordance with regulations. Investor will complete the transfer of business households at current Sat Market to temporary works before March 1, 2022.

With the relocation of current business activities in Sat market to temporary works in Kien An District to deploy construction of new project at current Sat market location, in the coming time, HaiPhong will have one more landmark in urban picture of port city, and at the same time actively contribute to the development of trade and service sectors - one of three pillars of the city’s economic development.

BY TRUNG KIEN - THU THAO

Hai Phong Online Newspaper - baohaiphong.com.vn