Ho Chi Minh City proposes incentives for 10 trillion VND outlet projects

The Ho Chi Minh City People's Committee is seeking public feedback on a draft resolution to establish specific incentive mechanisms and policies for the outlet shopping model. This initiative aims to boost tourism and economic development by attracting strategic investors to large-scale outlet projects, some of which may exceed 10,000 billion VND.

As the legal framework for outlets is currently undefined in Vietnamese law, the draft defines the model as a core retail component integrated with dining, entertainment, logistics, e-commerce, and the night economy. The proposal categorizes outlets into three types based on retail floor area: Outlet Villages (from 30,000 m2), integrated outlet models (from 15,000 m2), and urban or peripheral outlet centers (from 5,000 m2).

To qualify for incentives, projects must dedicate at least 60 percent of their retail floor area to outlet goods and host between 50 and 100 independent brands. Additionally, investors must ensure that at least 70 percent of committed brands are present at opening, with full compliance within three years. The draft also includes requirements for Vietnamese brands to occupy at least 30 percent of the space.