Thailand’s Central Group plans to invest an additional $1.5 billion in Vietnam over the next decade, chair Wallaya Chirathivat said on Sept. 17. Central Retail currently operates 330 stores and malls across 26 provinces and cities.

The plan targets retail, commercial centers and hotels. The group is developing two hotels in Van Don that would add about 1,000 rooms. VnExpress reported that Vietnam is Central Retail’s second-largest market and contributed about 20% of its first-half revenue.