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.
After being completed by the end of 2019, Aeon Mall Ha Dong will become one of the biggest commercial centers in Vietnam.
The joint venture between Hoa Binh and Japanese construction company Kajima will be the general contractor for designing and constructing the project with a package value of VND2,053 billion (roughly US$90.54 million).
Hoa Binh said that Aeon Mall Ha Dong includes a basement and four upper ground storeys with the total area of 150,000 square meters. The project is expected to be launched by the end of 2019.
This is the first time Kajima and Hoa bình has cooperated and also the first project of the Kajima-Hoa Binh joint venture after the two sides signed the strategic cooperation on construction. Other four Aeon Mall projects were implemented by Obayashi, one of five major Japanese construction companies.
The Aeon Mall Ha Dong covers an area of 9.5 hectares in the 16.7ha campus of Ha Dong International Hospital project invested by BIM Group, a Vietnamese diversified group of companies. The project is located on Ngo Thi Nham street, next to Duong Noi urban area and FLC Garden City.
Entering the Vietnam market in 2009, Aeon opened its first commercial center in 2014 and it plans to invest in 20 other centers by 2025.
In this September, Aeon Vietnam signed the Memorandum of Understanding with Haiphong Investment, Trade and Tourism Promotion Center to develop a commercial center on an area of 9.3 hectares in Le Chan district.
This project of which total investment is US$180 million is expected to be completed in 2020 to become the sixth large commercial center of Aeon in Vietnam.
Currently, four commercial centers in Ho Chi Minh City, Hanoi, and Binh Duong have been put into operation. Aeon Mall Long Bien in Hanoi has the total capital of US$200 million, compared to US$109 million investment of Aeon Mall Celadon in Ho Chi Minh City and US$95 million investment of Aeon Binh Duong.
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