AEON Mall, the Japanese retailer, will build a US$268-million shopping center in Bien Hoa City, the southern province of Dong Nai.

AEON Mall Binh Duong canary. Photo: AEON Mall

Under a Memorandum of Understanding (MoU) signed on May 1 on the occasion of the two-day visit of Japanese Prime Minister Kishoda Fumio to Vietnam, the Dong Nai provincial People’s Committee will speed up the progress of the project’s construction, thereby contributing to meeting the demand of local consumers and the investor’s investment expansion in Vietnam.

Speaking at the ceremony, Vice Chairwoman of Dong Nai People's Committee Nguyen Thi Hoang said the locality will support the Japanese investors so that they could quickly finalize the legal procedures and start the construction of the commercial center soon. 

She added: “We will create favorable conditions for connecting the project’s technical infrastructure  during the implementation and operation process.”

Tetsuyuki Nakagawa, General Director of AEON Mall Vietnam Co., Ltd. also pledged to carry out investment procedures, land use planning, construction, and relevant procedures in accordance with the law. 

The company will develop raw material areas, and connect with local manufacturers and distributors so that Dong Nai’s spearhead products could be on AEON's shelves. It will also coordinate with the provincial authority to draw investments from its partners and other Japanese businesses into the locality.

Last November, the Japanese company signed MoUs with authorities in Thanh Hoa and Thua Thien-Hue provinces pledging an estimated investment capital of $170 million for each province.