Illustrative image (Photo: aeonmall-vietnam.com) Tokyo (VNA) – Japanese retail giant AEAON Co. will double the value ofproducts it procures from Vietnam from the current level to 500 million USD in2020.
The figure is expected to increase to 1 billion USD in 2025 as the SoutheastAsian nation seen as having great potential as a supplier of quality food forJapanese consumers.
"Food has room to grow further," Kyodo News quoted Eiji Shibata,executive officer and chief merchandising and logistics officer of the Japaneseretailer, as saying. The AEON group's food sales make up about 70 percent ofthe total in Japan, he added.
The total value of Vietnamese goods imported for sale at AEON outlets in Japanrose 7.6 percent in 2018 from the previous year to 26.5 billion yen (245million USD), with clothing accounting for 55 percent of the total.
AEON, based in Chiba east of Tokyo, inaugurated four malls in Vietnam. The companywill open another mall in Hanoi.
As an effort to bring more Vietnamese products to Japanese customers, AEON helda Vietnam fair from June 7-9 at its 46 supermarkets and malls in Kanto region,including AEON Lake Town Mori in Saitama prefecture – one of three largest AEONmalls.
At the fair, the company introduced Vietnam’s high-quality agriculturalproducts and goods, including fruits, basa fish, shrimp and ingredients for phoand bun cooking, coffee, shirts and suitcases, that drew attention fromcustomers to AEON supermarkets.-VNA
VNA
