$167 mln Aeon Mall in Hue set to begin construction in Feb
The construction of Aeon Mall Hue in the central province of Thua Thien-Hue, with an investment of VND3,916 billion ($167 million) is set to kick off on February 11, according to local authorities.
The mall is located in the An Van Duong urban area, An Dong ward, Hue town, covering 86,216 square meters, including 50,000 square meters for a commercial center.
Design of Aeon Mall Hue in Thua Thien-Hue province, central Vietnam. Photo courtesy of Aeon Mall Vietnam.
The eight-floor mall is set to feature food & beverage services, a kids playground, for-lease kiosks, warehouses, conference areas, and other facilities.
The retail sales of goods and services in Thua Thien-Hue grew 10.2% year-on-year to VND40,262 billion ($1.72 billion) in 2022, official data shows.
Food & foodstuff accounted for the biggest portion of VND14,930 billion ($636.81 million), up 10.8% year-on-year; followed by wood and construction materials with VND6,285 billion ($268.07 million), up 9.3%; and petroleum with VND5,640 billion, up 22.9%.
The province set a target of retail sales of goods and services at VND57,300 billion ($2.44 billion) this year.
Aeon in 2020 said it would invest $2 billion expanding its presence across Vietnam, eyeing a total 25 malls by 2025. The group is operating six malls in the country - two in Hanoi, one in Hai Phong city, two in Ho Chi Minh City, and one in nearby Binh Duong province.
The Japanese group entered the Vietnamese market in 2013, with the first mall located in HCMC.
In July 2022, the retail giant surveyed locations in the southern province of Binh Duong for its second shopping mall there. Binh Duong authorities recommended two sites with areas of 4.8 hectares and four hectares in Uyen Hung ward, Tan Uyen town. The $95 million Aeon Binh Duong Canary, the first one in the industrial hub neighboring HCMC, covers seven hectares in Thuan An town.
Last December, Aeon signed a memorandum of understanding with Hai Duong province People’s Committee to build a mall in the northern province. The mall will be located in the southern urban area of Hai Duong town near Vo Nguyen Giap boulevard of the northern province.
- Related News
- Read More
MBBank partners with Visa, Kotra to launch new MB Visa Hi BIZ corporate card
MBBank (MB) on Wednesday launched a new version of its MB Visa Hi BIZ corporate card, offering enhanced spending management tools and cross-border payment capabilities through partnerships with Visa and South Korea’s trade promotion agency Kotra.
Banking - Thu, November 20, 2025 | 9:38 pm GMT+7
Germany looks to Vietnam's largest tungsten mine for critical mineral supply diversification
Germany is turning its attention to Vietnam’s Nui Phao mine, one of the world’s largest tungsten deposits outside China, as part of efforts to diversify supplies of strategic minerals.
Industries - Thu, November 20, 2025 | 5:27 pm GMT+7
Vietnam's tech firms should pursue end-to-end product strategy, avoid ‘halfway’ innovation: minister
Vietnamese technology firm ought to pursue a product-driven strategy and sustain long-term global ambitions, said Minister of Science and Technology Nguyen Manh Hung.
Economy - Thu, November 20, 2025 | 5:23 pm GMT+7
Vietnam’s gaming market needs more than just a 'pho restaurant'
To keep up with the booming gaming industry, Vietnamese developers must innovate by embracing stronger technology adoption while still forging a unique identity, and sometimes, that unique identity could simply be represented by a humble bowl of pho (noodle soup).
Economy - Thu, November 20, 2025 | 4:14 pm GMT+7
F88 named among Best Managed Companies 2025 by Deloitte
Vietnam’s consumer finance major F88 has been recognized by Deloitte as one of the “Vietnam Best Managed Companies 2025”, meeting international governance standards.
Companies - Thu, November 20, 2025 | 2:47 pm GMT+7
PTC1 unit assesses information security at 220kV northern Vietnam substations
The Northeast Power Transmission Team 3, a unit of Power Transmission Company No.1 (PTC1), coordinated with Cyberspace Operations Command (Command 86) to conduct an information security (IS) assessment at the 220kV Lang Son and Bac Quang substations from November 10-14.
Companies - Thu, November 20, 2025 | 1:12 pm GMT+7
Vietnam’s largest listed firm to double charter capital
Vingroup, the biggest company by market capitalization on Vietnam's bourses, said it will double its charter capital to more than VND77 trillion ($2.92 billion) after issuing nearly 3.9 billion bonus shares to existing shareholders at a 1:1 ratio.
Companies - Thu, November 20, 2025 | 11:50 am GMT+7
Consortium plans $12.8 bln boulevard-landscape project in Hanoi
A consortium including Vietnam’s transport infrastructure giant Deo Ca Group has proposed developing the VND338 trillion ($12.81 billion) Red River boulevard and landscape, which could become Hanoi’s largest-ever infrastructure project.
Infrastructure - Thu, November 20, 2025 | 8:58 am GMT+7
Viettel, UAE-based EDGE partner on defense, dual-use technologies
Military-run Viettel, Vietnam’s largest telecommunications and technology group, has signed an MoU with EDGE, one of the world’s leading advanced technology and defence companies, in a move that underscores the country’s ambition to expand high-tech manufacturing.
Companies - Thu, November 20, 2025 | 8:53 am GMT+7
Maersk eyes building major container ports in Vietnam
A.P.Moller - Maersk (Maersk) is exploring investment opportunities to develop large, modern and low-carbon container ports in Vietnam.
Infrastructure - Wed, November 19, 2025 | 4:36 pm GMT+7
Taiwan semiconductor giant Panjit acquires 95% of Japan-based Torex’s Vietnam arm
Panjit International Inc, a Taiwan-listed semiconductor major, has approved the acquisition of a 95% stake in Torex Vietnam Semiconductor, a subsidiary of Japan-based Torex.
Companies - Wed, November 19, 2025 | 3:59 pm GMT+7
Vietnam PM urges Kuwait Petroleum to expand Nghi Son refinery, build bonded fuel storage facility
Prime Minister Pham Minh Chinh on Tuesday called on Kuwait Petroleum Corporation (KPC) to expand the Nghi Son oil refinery and build a bonded fuel storage facility in Vietnam.
Industries - Wed, November 19, 2025 | 3:18 pm GMT+7
Southern Vietnam port establishes strategic partnership with Japan’s Port of Kobe
Long An International Port in Vietnam’s southern province of Tay Ninh and Japan’s Port of Kobe on Monday signed an MoU establishing a strategic port partnership which is expected to boost trade flows, cut logistics costs, and deliver greater benefits to businesses across the region.
Companies - Wed, November 19, 2025 | 10:14 am GMT+7
Thaco's agri arm seeks to expand $44 mln cattle project in central Vietnam
Truong Hai Agriculture JSC (Thaco Agri), the agriculture arm of conglomerate Thaco, looks to aggressively expand its flagship cattle farming project in the central Vietnam province of Gia Lai.
Industries - Wed, November 19, 2025 | 9:56 am GMT+7
Japan food major Acecook eyes new plant in southern Vietnam
Acecook, a leading instant noodle maker with 13 plants operating in Vietnam, is studying a new project in the southern province of Tay Ninh.
Industries - Wed, November 19, 2025 | 9:39 am GMT+7
Vietnam’s largest Aeon Mall to take shape in Dong Nai province
Authorities of Dong Nai province, a manufacturing hub in southern Vietnam, on Monday awarded an investment registration certificate to Japanese-invested Aeon Mall Vietnam Co., Ltd. for its Aeon Mall Bien Hoa project.
Industries - Tue, November 18, 2025 | 8:17 pm GMT+7
