SAIGON CO.OP INVESTMENT DEVELOPMENT (SCID)
Saigon Co.op Investment Development Joint Stock Company (SCID) is an affiliate of Saigon Co.op, Vietnam’s Top Retailer and among the top 500 retailers in Asia Pacific, an accolade it has held for many years.
With chartered capital of VND1,000 billion in which Saigon Co.op takes an 85% share, SCID has a primary mandate to develop the Co.opMart supermarket chain and other forms of commercial real estate such as mixed-use complexes, office towers, serviced apartments and department stores.
As at June 2014, SCID has invested in and transferred 70 Co.op Mart supermarkets to Saigon Co.op. Ten large scale projects are being deployed, with 50% of these projects located in Ho Chi Minh City.
By 2015, SCID will invest in and operate 100 supermarkets, hypermarkets and shopping malls in the Vietnam, as well as develop other forms of commercial real estate. It plans to expand its footprint across Asia in the near future.
For more information, please visit www.scid-jsc.com