CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / News
IKEA to buid US$450-million retail center in Hanoi
Ngoc Thuy 15:59, 2019/01/17
Once completed, the center would be IKEA’s main supply hub for its Southeast Asian market, Vnexpress reported.
Swedish home furnishings giant IKEA plans to build a retail center and warehouse system in Hanoi with an investment of US$450 million, revealed Nguyen Duc Chung, chairman of the Hanoi People’s Committee. 
 
Illustrative photo.
Illustrative photo.
Once completed, the center would be IKEA’s main supply hub for its Southeast Asian market, Chung said at a conference held by the Ministry of Industry and Trade on January 17. 

At present, all parties involved are under the process of negotiation, he added. 

In 2017, Torbjorn Loof, chairman and CEO of Inter IKEA holdings, in an interview with Bloomberg announced the company’s vision to expand its operation in Southeast Asia. 

Loof said that over the next five years, the company plans to add stores in Vietnam and the Philippines to its already existing locations in Singapore, Malaysia and Thailand.

Founded in 1943, IKEA is the world's largest furniture retailer, known for its ready-to-assemble furniture, kitchen appliances and home accessories.
​
The Swedish company currently has 400 stores in 49 countries all over the world.
Comments
Other news
18:03, 2025/02/22
Vietnam attracts South Korean tech investment at SEMICON Korea 2025
The event provided a platform for Vietnam to showcase its semiconductor potential and reaffirm its commitment to developing high-tech industries and strengthening international cooperation.
16:46, 2025/02/20
Swedish group plans US$1 billion investment in Binh Dinh recycling plant
By creating a large number of jobs and promoting a green economy, the initiative is important in establishing Vietnam as a global hub for the circular textile sector.
10:52, 2025/02/13
Samsung plans to invest in AI, semiconductors in Vietnam
Vietnam will continue improving its investment environment and driving strategic breakthroughs in order to usher in a new era of economic development.
17:20, 2025/02/07
Vietnam's data center construction costs among the lowest in Asia Pacific
The country has a lot of potential to become one of the most important data markets in the region.
21:05, 2025/02/03
Bright prospects for FDI inflows into Vietnam in 2025
Market size, growth potential, low labor costs, and stable political and social conditions continue to be Vietnam’s selling points in attracting foreign investors.
10:57, 2025/01/30
Foreign companies confirm investment expansion in Vietnam in 2025
Some foreign firms are optimistic about Vietnam's economic prospects in 2025 and plan to expand investment, focusing on sustainability across sectors.