Japan's top retailer Aeon to invest 10-hectare mall in southern Vietnam
Aeon Mall Vietnam, a subsidiary of Japanese retailer Aeon, has announced it would invest in a 10.1-hectare mall named Aeon Mall Tran Bien in Dong Nai province.
The company highlighted Dong Nai, a neighbor of Ho Chi Minh City, is a leading industrial hub of the country. More and more infrastructure investment is helping the connectivity between HCMC and Dong Nai, pushing up business activities and urbanization of Dong Nai, the company explained in a release last Friday.
The designated location of Aeon Mall in Dong Nai province, southern Vietnam. Photo courtesy of VietNamNet newspaper.
According to Dong Nai province's planning, the facility will have eight floors. The total investment is VND6 trillion ($228.4 million), including VND3.3 trillion for construction and VND2.25 trillion for site clearance.
Its first phase is set to complete construction and enter operation in Q2/2027.
Aeon Mall Tran Bien is the fourth mall under Aeon brand in southern Vietnam, following three in HCMC. Its area of 10.1 hectares is the second-biggest one among all in Vietnam, only behind Aeon Mall Thanh Hoa in the central province of Thanh Hoa with 10.5 hectares.
Aeon built its first shopping mall in Vietnam in 2014 - the Aeon Tan Phu Celadon in HCMC. The retailer had invested about $1.5 billion in the country, Aeon Vietnam CEO Tezuka Daisuke told local media last October.
Aeon currently operates eight shopping malls, 15 general merchandise stores and supermarkets, 45 small- and medium-sized supermarkets, 182 convenience stores, and 29 specialty shops covering fashion, beauty and bicycles in Vietnam. It has maintained an average annual growth rate of about 30% in the country.
Aeon Mall Vietnam recently announced a chartered capital hike from VND20,988 billion to nearly VND23,756 billion ($904.53 million), an increase of nearly VND2,770 billion or 13%.
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