Aeon Vietnam to build another Hanoi mall
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Aeon Vietnam will invest US$280 million for its third property in the capital city, Hanoi.
The mall, in South Hanoi, is scheduled to open by the end of next year, according to Aeon executive director and general director of Aeon Mall Vietnam, Yasutsugu Iwamura.
The Japanese retail giant plans to have 20 malls in Vietnam by 2025. It already has four trading, in Ho Chi Minh City, Hanoi and the southern province of Binh Duong. Two others are under construction in Hanoi and the northern city of Hai Phong.
The retailer hopes to have a strategic partnership with Vietnam retailers, increasing sales of agricultural products to Japan through its system.
It plans to double imports from Vietnam to US$500 million next year, and double again to US$1 billion by 2025.
Last year Aeon’s imports were worth US$245 million, with clothing accounting for 55 per cent of that figure.
Questions & Answers
Q.How many shopping malls does Aeon intend to operate in Vietnam in total by 2025?
How many shopping malls does Aeon intend to operate in Vietnam in total by 2025?
The Japanese retail giant's plan is to have 20 malls across Vietnam by the end of 2025. This includes their existing four properties and those under construction, along with future developments.
Q.How much money does Aeon plan to spend on its next new shopping centre in Hanoi?
How much money does Aeon plan to spend on its next new shopping centre in Hanoi?
Aeon Vietnam is set to invest US$280 million in its third property located within the capital city. This mall is expected to be open for business by the end of next year.
Q.What is the timeline for Aeon's plans to increase its imports from Vietnam?
What is the timeline for Aeon's plans to increase its imports from Vietnam?
Aeon aims to double its imports from Vietnam to US$500 million next year, then double them again to US$1 billion by 2025. This represents a significant increase from last year's US$245 million.
Q.Which product category made up the largest proportion of Aeon’s imports from Vietnam last year?
Which product category made up the largest proportion of Aeon’s imports from Vietnam last year?
Last year, clothing accounted for 55 per cent of Aeon’s total imports from Vietnam, which were valued at US$245 million. This indicates a strong focus on textile products.
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