Tokyo (VNA) - Leading Japanese retail group AEON is accelerating theexpansion of its malls and other stores in Vietnam.
AEON plans to triple its malls in Vietnam to 16 between now and 2025, lookingto gain an advantage in the food sector, reported Japan’s news service NikkeiAsia.
With almost 40 years of experience in Southeast Asia, the retailer willleverage the knowledge it has accumulated in Malaysia, and other markets tointensify its store opening campaign.
"We need to accelerate our store openings, which is why we must take newinitiatives now," Yasuyuki Furusawa, head of Aeon Vietnam, said.
Strengthening its food businesses such as bakeries and kitchens is part of thateffort, he added.
The retailer has so far opened some 200 stores inVietnam, including six shopping malls and several supermarkets. Stores are concentratedin Ho Chi Minh City, the country's largest city, and Hanoi, the capital. A mallis set to open in the central city of Hue in 2024./.