Japan retailer Aeon starts building $39 mln mall, first in Vietnam’s Mekong Delta
Aeon Vietnam, under Japanese retailer Aeon, kicked off the construction of Aeon Tan An shopping center with an investment of over VND1 trillion ($39.3 million) in Long An province last Saturday.
The mall is Aeon’s eighth shopping center in Vietnam and the first in the Mekong Delta. Covering 2.1 hectares, construction is set for completion in August 2025, and the mall will employ 600 local people.
Long An Chairman Nguyen Van Ut speaks at Aeon's groundbreaking ceremony in Long An province, southern Vietnam, May 18, 2024. Photo courtesy of Long An news portal.
Speaking at the event, Aeon Vietnam CEO Furusawa Yasuyuki emphasized that Aeon Tan An is a milestone of Aeon’s activities in Vietnam, marking the retailer’s second-phase development in Vietnam of pacey expansion.
Vietnam is Aeon’s second most important market, only after Japan, the executive added.
For his part, Long An Chairman Nguyen Van Ut highlighted that Aeon’s investment demonstrated Long An’s favorable investment environment for foreign businesses. Long An ranked second in the Provincial Competitiveness Index (PCI) announced earlier this month, he noted.
As of May 2023, Aeon had invested nearly $1.2 billion in Vietnam. At present, Aeon operates six Aeon Mall outlets in the country, two each in Hanoi and Ho Chi Minh City, and one each in Binh Duong province and the northern city of Hai Phong. It is expected to develop an additional 20 shopping malls in Vietnam.
The under-construction Aeon Mall Hue, covering 5.1 hectares in the central province of Thua Thien Hue, will be the Japanese retailer’s seventh mall in Vietnam. Another mall is under construction in the northern province of Quang Ninh.
Japanese retailer Aeon earned operating revenue of JPY15,263 million ($99.3 million) in Vietnam for fiscal year 2023 ending February 2024, up 14.9% year-on-year. With this performance, it recorded an operating profit of JPY3,901 million ($25.4 million) in fiscal year 2023, up 27.3% year-on-year, the firm reported.
- Related News
- Read More
Nokia, VNPT expand partnership to upgrade Vietnam’s radio infrastructure
Nokia has extended its long-term partnership with state-run Vietnam Posts and Telecommunications Group (VNPT) through a new agreement to upgrade and expand radio infrastructure across the country.
Companies - Mon, October 27, 2025 | 9:12 pm GMT+7
Private firms encouraged to invest in digital infrastructure per Vietnam government's new decision
Private companies in Vietnam are encouraged to engage in building telecom infrastructure and other infrastructure for national digital transformation through 2030 per a newly approved program.
Economy - Mon, October 27, 2025 | 4:59 pm GMT+7
Vietnam tech giant FPT's logo to be featured on Chelsea FC sleeves
Vietnamese tech giant FPT Corporation has taken social media by storm after being named a principal partner and official sleeve partner of Chelsea Football Club for the 2025/26 season.
Companies - Mon, October 27, 2025 | 4:34 pm GMT+7
EU seeks to strengthen trade-investment, green transition ties with Vietnam: European Council President
The EU wishes to enhance its cooperation with Vietnam, particularly in the areas of trade-investment, green transition, digital transformation, global challenges response, and promotion of a rules-based international order, said President of the European Council Antonio Costa.
Economy - Mon, October 27, 2025 | 4:12 pm GMT+7
The Investor to hold green energy transition seminar on Thursday
The Investor will organize a seminar entitled “Green Energy Transition from Perspective of Politburo’s Resolution No. 70” in Hanoi on Thursday, October 30.
Companies - Mon, October 27, 2025 | 3:51 pm GMT+7
Central Vietnam hub Danang names 5 property projects eligible to raise investment capital
The Department of Construction in Danang city has announced a list of five property projects that have been approved to mobilize a total of over VND22 trillion ($836.34 million) in investment capital.
Real Estate - Mon, October 27, 2025 | 11:59 am GMT+7
Petrovietnam’s arm PTSC posts 140% profit surge in Q3 on higher deposit income
PetroVietnam Technical Services Corporation (PTSC, HoSE: PVS), a subsidiary of state-run Petrovietnam, reported VND324 billion ($12.3 million) in Q3 net profit, up 140% year-on-year, driven by higher financial income and reduced borrowing costs.
Companies - Mon, October 27, 2025 | 11:20 am GMT+7
Price war squeezes profit margins at Vietnam's auto distributors
Vietnam’s auto market continues to expand in size, but distributors are seeing profits erode as aggressive price competition spreads beyond luxury vehicles to mass-market segments.
Companies - Mon, October 27, 2025 | 8:14 am GMT+7
Vietnam-US issue joint statement on Reciprocal Trade Agreement Framework
Vietnam and the United States on October 26 issued a joint statement on the Framework for a Balanced and Fair Reciprocal Trade Agreement after many months of negotiations.
Economy - Sun, October 26, 2025 | 9:28 pm GMT+7
MBBank achieves sustainable growth in 9 months, leads digital transformation
Hanoi-based MBBank recorded positive growth across scale, efficiency, and asset quality in the first nine months of the year, underscoring its strong internal resilience amid continued volatility in the financial market.
Banking - Sun, October 26, 2025 | 5:38 pm GMT+7
Vingroup to develop 6,300 ha urban complex project in Congo
Vietnam's leading private conglomerate Vingroup (HoSE: VIC) and the government of Kinshasa, the capital of the Democratic Republic of the Congo (DRC), will jointly explore and develop a 6,300-hectare riverfront mega-urban project.
Real Estate - Sun, October 26, 2025 | 12:57 pm GMT+7
Vietnam’s Ministries of Foreign Affairs, Natural Resources & Environment, and Home Affairs have new heads
Le Hoai Trung was appointed on Saturday as Minister of Foreign Affairs, Tran Duc Thang as Minister of Natural Resources and Environment, and Do Thanh Binh as Minister of Home Affairs.
Politics - Sun, October 26, 2025 | 11:22 am GMT+7
Intel eyes shifting more production to Vietnam
U.S. chipmaker Intel plans to shift its assembly, packaging, and testing operations from its Costa Rica facility to potential markets such as Vietnam, said Kenneth Tse, general director of Intel Products Vietnam.
Industries - Sun, October 26, 2025 | 9:05 am GMT+7
Vietnam's securities regulator seeks to expand institutional market participation
The State Securities Commission of Vietnam (SSC) is preparing a comprehensive package of measures to allure more institutional investors to the stock market, which currently sees up to 85-90% of total transaction value come from retail investors.
Finance - Sun, October 26, 2025 | 8:00 am GMT+7
VAFIE, Nghe An province tax authority help businesses update new tax policies
The Vietnam's Association of Foreign Invested Enterprises (VAFIE) and the Nghe An province Tax Department on Friday co-hosted a tax policy workshop titled “New tax policies impacting business operations and accounting standards under IFRS.”
Companies - Sat, October 25, 2025 | 7:28 pm GMT+7
Vietnam parliament okays appointing 2 new Deputy Prime Ministers
Vietnam's legislature has approved Prime Minister Pham Minh Chinh's proposal to appoint Ho Quoc Dung, former Party chief of Gia Lai province, as Deputy Prime Minister, while Pham Thi Thanh Tra, a Party Central Committee member, became the country's first female Deputy Prime Minister.
Politics - Sat, October 25, 2025 | 6:32 pm GMT+7
