ECC International Real Estate, based in the Netherlands, announced on December 23 its plans to invest US$400-500 million in building five or six shopping centers in Thailand and Vietnam over the next five years.
ECC is currently investing 2.9 billion Thai baht in a shopping centre and resort project in Chiang Mai, northern Thailand.
Theert Kwant, President and Executive Director of ECC, said its first project in Ho Chi Minh City will focus on retail services.
The company has shifted its investment from Europe to Southeast Asia for the last six years as the shopping market in Europe has become saturated.
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