Satra is also expected to open its commercial center called Center Mall Cu Chi in the outlying district of Cu Chi, HCMC in the third quarter of this year.

The center covers more than one hectare of land and has a total floor area of over 12,000 square meters, with the first and second floors for shopping, eatery, fashion and books, and the third floor for film screening and entertainment.

Regarding a shopping center in District 6, Satra said that after all legal procedures are done, it would start work on the facility right away.

Satra has been also working on the Tax Plaza in downtown HCMC.

Notably, Satra plans to set up a product development division in charge of developing areas for growing organic rice, vegetables, fruit, seafood, poultry and cattle and selling these products in its retail systems, and others at home and abroad.

Satra reported total revenue of more than VND63.09 trillion (US$2.77 billion) last year, rising 12.69% year-on-year and beating its target by 3.17%. Its profit was estimated at VND12.45 trillion (US$548.5 million), 3.81% above its target.

It exported goods, mainly processed food, seafood, rice and fish fat, worth over US$101 million to Europe, the United States, and some Asian countries last year, meeting 99% of its target.

As of late last year, Satra had 157 Satrafoods stores, eight restaurants, and five bakery and coffee stores, and two shopping centers.