Aeon Mall to invest US$180 million in shopping center in Hai Phong

By Phong Le - Sep 21, 2017 | 12:57 PM GMT+7

TheLEADERJapan's largest retailer, Aeon Mall, has officially set their foot in Haiphong with a US$180 million-shopping center project.

Aeon Mall to invest US$180 million in shopping center in Hai Phong

On the afternoon of September 20, Aeon Mall Vietnam signed a memorandum of understanding with the Hai Phong Tourism and Trade Promotion Center to build a shopping center on 9.3 hectares - Ho Sen-Cau Rao area, Le Chan District.

This land was originally planned to be used to build the administrative center of Le Chan district but then Hai Phong city adjusted its planning to prioritize the development of commercial and service projects to take advantage of the location of Ho Sen - Cau Rao. .

The administrative center of Le Chan district will be expanded on the basis of the existing office and additional area of Trang An Company's land.

Expected to be completed in 2020, Aeon Mall Hai Phong will be the sixth shopping center project of AEON Mall in Vietnam. Currently, Aeon Mall has put into operation 4 shopping centers in Vietnam, including two centers in Ho Chi Minh City, a center in Binh Duong and one in Hanoi.

The investment capital of Aeon Mall Long Bien in Hanoi is up to US$200 million while Aeon Mall Celadon in Tan Phu district, Ho Chi Minh is US$109 million. The lowest investment capital project is US$95 million- Binh Duong Aeon.

The fifth project of Aeon Mall Vietnam will be built in Ha Dong district, west of Hanoi. In March, it signed an investment cooperation agreement with BIM Group to develop a shopping center with a total floor area of 200,000 square meters.

Aeon Mall Ha Dong is expected to commence in 2017, open in late 2019 and become one of the largest trade centers in Vietnam.

Arriving in Vietnam in 2009, Aeon Mall opened its first shopping mall in 2014 and plans to build 20 shopping centers by 2025.

Aeon Mall currently has 179 joint ventures inside and outside Japan, owning and operating nearly 17,000 shopping centers and outlets.