Aeon Vietnam is to build a second property in Hanoi, in the Ha Dong district in the city’s west.
This follows the Japanese group launching in the Vietnamese capital two years ago, with a mall in Long Bien.
An Aeon Vietnam representative says the project, covering 9.5 hectares, will cost VND4.500 tillion (US$200 million). The expected opening date will be in 2019.
However, the group is yet to determine the specific location for its fifth shopping centre in Vietnam. Ha Dong is developing, and investing in extended ring-road system with a Bus Rapid Transit link with downtown Hanoi. An urban railway is planned to launch next year.