Business

Japan’s AEON Group to expand in Vietnam

Leading Japanese retail group AEON will invest 2 billion USD to expand its network of commercial centres in Vietnam, raising the total to 25, according to General Director of AEONMALL Vietnam Iwamura Yasutsugu.
Japan’s AEON Group to expand in Vietnam ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – Leading Japanese retail group AEON will invest 2 billion USD toexpand its network of commercial centres in Vietnam, raising the total to 25,according to General Director of AEONMALL Vietnam Iwamura Yasutsugu.

Thegroup also aims to raise export turnover of Vietnamese goods to its malls inother countries to 500 million USD this year and 1 billion USD in 2025.

LastNovember, the group opened its second shopping and entertainment complex inHanoi, also the fifth in Vietnam.

Coveringa total area of 150,000sq.m in Duong Noi commune in Hanoi’s Ha Dong district,the new mall is filled with more than 200 stores selling both domestic andinternational products.

Thereis also a zone for start-up businesses and young designers to freely discussand express their ideas.

Oneof AEON Group’s principles is to blend in with the local community and people,while contributing to the development of the local area, said Iwamura.

AEONMall Vietnam entered the country in 2013. Before the launch of AEON Mall HaDong, the company opened four centres in Hanoi’s Long Bien district, Binh Duongand HCM City./.
VNA
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