Japanese Aeon to expand malls and stores in Việt Nam

The AEON MALL Bình Tân in HCM City. — Photo aeonmall-vietnam.com

HÀ NỘI — Japanese retail group Aeon is accelerating the opening of malls and other stores in Việt Nam.

A Vietnam News Agency correspondent in Tokyo cited sources from Nikkei Asia newspaper that said Aeon plans to triple its malls in Việt Nam by 2025.

Aeon currently has about 200 stores in Việt Nam, including six shopping malls.

Stores are concentrated in HCM City and Hà Nội. In addition, the group plans to open a shopping mall in the central city of Huế in 2024.

The company expects to increase its number of supermarkets in Hà Nội to 100 stores by 2025, and almost triple the number of malls to 16 nationwide.

"We need to accelerate our store openings, which is why we must take new initiatives now," said Yasuyuki Furusawa, head of Aeon Việt Nam. Strengthening its food businesses, such as bakeries and kitchens, is part of that effort.

Việt Nam is "the most important market in our overseas strategy," said a top Aeon executive.

As a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Việt Nam plans to abolish its foreign investment restrictions as early as 2024.

Besides, the country has a population of 100 million and a growing middle class. Its economic growth is expected to exceed 7 per cent this year. — VNS

Tags AEON Japanese investors Vietnam-Japan

MM Mega Market recognised among the 'Top 100 Best Places to Work in Việt Nam 2024'

Economy

Green lifestyle changes drive people towards ethanol fuel

Economy

World Bank outlines path for Việt Nam to reach high income status

Economy

Việt Nam vows to create favourable conditions for Korean investors

Economy

Aeon Mall to be built in Cần Thơ City

Economy

Cyberattack risks surge with AI advancements

More on this story

Economy

Việt Nam should make most of ‘golden time’ to boost exports to EU: diplomat

Vietnamese exporters should make the most of the advantages created by the EU-Việt Nam Free Trade Agreement (EVFTA) to help their products gain a firm foothold in the European market.

Economy

Bến Tre plans to develop district into nation’s epicentre for fruit seedlings

Bến Tre Province's area under seedlings has expanded from 400ha in 2016 to 1,500ha now, and it supplies more than 20 million seedlings a year besides 15-18 million flowers and ornamental plants.

Economy

Sacombank showcases payment technologies at HCM City Innovation and Digital Transformation Week

Sacombank has showcased its payment technologies at an exhibition held on October 13 and 14 as part of the HCM City Innovation and Digital Transformation Week.

Economy

NovaGroup, chairman's son to buy 10 million Novaland shares

NovaGroup has just registered to buy eight million shares of No Va Real Estate Investment Group Joint Stock Company (Novaland) by a transfer of share ownership.

Economy

Falling plastic granule prices improve firms' profitability

Forecast prices of between US$800 to $1000 per tonne are projected to significantly improve domestic plastic firms' profit margins.

Economy

ODA return burden to fiscal planning

Unable to disburse ODA as planned, many ministries and local authorities have begun to return the loans to the Government, adding burden to fiscal planning.

Economy

Việt Nam's garment export value up in nine months

Việt Nam's textile and garment export value reached US$35 billion in the first nine months of 2022, up 21 per cent over the same period last year.

Economy

Brand building goes hand-in-hand with social responsibility

The chamber stressed the importance of a strong brand that inspires confidence and stability with business partners while strongly associated with social responsibility and the community.

Economy

Indices extend rallies on bullish sentiment

Stronger bottom-fishing force supported the market's sentiment to reverse the morning course. In the morning trade, the VN-Index fell slightly 0.47 points.