Japanese giant Aeon will open 20 more shopping centres in Vietnam, pushing its growth strategy in the market.
The plan was presented during a meeting between Japanese firms and Vietnam Prime Minister Pham Minh Chinh.
According to Akio Yoshida, executive chairman of Aeon Group, Vietnam is the overseas market where Aeon has made by far the highest investment – of more than US$1.18 billion to date – having already opened six trade centres in the cities of Hanoi, Ho Chi Minh City and Hai Phong.
“In the near future, Aeon will develop approximately 20 commercial centres in Vietnam, with a focus on supermarket business and entertainment,” he said.
Furthermore, the group is expanding to import Vietnamese items for distribution in more than 20,000 trade centres in Japan, Yoshida said, responding to the Prime Minister’s calls to import more Vietnamese products into Japan.
Aeon declared last year that it intended to triple the number of shopping centres in Vietnam by 2025. It would invest in three to four projects in Hanoi and build 100 supermarkets in the country by 2025.
