This information was revealed by Shinichi Asazuma, Deputy Ambassador of Japan in Vietnam in his speech at the recent "AEON Hometown Forests" tree-planting ceremony at AEON MALL Hai Phong Le Chan.
The addition of the third shopping mall in Hanoi will be in line with the Japanese retailing group’s plan to set up 20 AEON malls in the country by 2025.
In the context that foreign investors coming from South Korea and Thailand have been acquiring Vietnam’s financial companies, Japan’s Aeon does not want to set itself apart from the trend.
Whilst most of retailing groups are struggling in the fierce competition of the retail industry, Aeon Vietnam is still able to gain millions of dollars after just a few years of operation.
The joining of Japan’s big-name Aeon did not improve financial situation of Fivimart and Citimart but it even became worse.
AEON Mall Hai Phong - Le Chan scheduled to open in 2020 will be the sixth commercial mall of the biggest Japanese retail corporation in Vietnam, the third largest in the North, and the first large scale commercial center in Hai Phong city.
The influx of numerous famous retailers from Japan has intensified the race in Vietnam’s service sectors, especially retail and household appliances business.
Hoa Binh Construction Group Joint Stock Company (Hoa Binh) announced that it has won the bid for the Aeon Mall Ha Dong project invested by Aeon Vietnam Co., Ltd. (Aeon Vietnam), a turning point scored by the general constructor after other Aeon Malls previously implemented by another Japanese renown firm.
Japan's largest retailer, Aeon Mall, has officially set their foot in Haiphong with a US$180 million-shopping center project.
