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 / Hanoinews
Japan’s AEON to build US$300-million shopping mall in Hanoi
Hai Yen 11:15, 2019/06/22
AEON set to double its goods imports from Vietnam to US$500 million by 2020, and US$1 billion by 2025, especially when Vietnam could potentially become a high quality food supplier to Japanese consumers.
Japan’s retailer group AEON plans to build a new shopping mall with investment capital of US$280 million in the south of downtown Hanoi, according to Yasutsugu Iwamura, CEO of AEON Japan and AEON Mall Vietnam. 
 
Prime Minister Nguyen xuan Phuc and Yasutsugu Iwamura, CEO of AEON Japan and AEON Mall Vietnam.
Prime Minister Nguyen xuan Phuc (r) and Yasutsugu Iwamura, CEO of AEON Japan and AEON Mall Vietnam (l). Source: VGP. 
AEON would step up its effort to play an active role in Vietnam’s social welfare development, added Iwamura in a meeting with Prime Minister Nguyen Xuan Phuc on June 20. 

By 2025, the retailer group expected to complete the construction of 20 shopping malls in Vietnam, Iwamura continued.

As of present, AEON has four shopping malls in operation and two under construction in Vietnam. 

Iwamura expressed hope AEON would contribute a significant part in the Vietnam – Japan strategic partnership, while expanding its investments in the country’s retail sector and boosting Vietnam’s exports to Japan, particularly agricultural products. 

According to Iwamura, AEON set to double its goods imports from Vietnam to US$500 million by 2020 and US$1 billion by 2025, especially when Vietnam could potentially become a high quality food supplier to Japanese consumers. 

In 2018, AEON imported goods and products worth US$250 million from Vietnam to insert them in its distribution network in Japan, he added. 

At the meeting, PM Phuc highly regarded AEON’s business in Vietnam, including its efforts to bring Vietnamese products to Japan’s market. 

Phuc supported AEON’s plan to build a modern shopping malls in Hanoi and considered it an necessary move, requesting local authority to create favorable conditions for the group. 

The success of AEON n Vietnam would be a symbol of the friendship between Vietnam and Japan, Phuc stressed.
Comments
Other news
22:40, 2024/09/13
Hanoi eligible to select new residential areas for smart city development
Government agencies would work with Hanoi to define standards and criteria for the smart city project.
21:21, 2024/09/13
US$24 million to strengthen river dikes in Hanoi
The package is designed to improve Hanoi's ability to deal with severe flooding during the rainy season.
19:40, 2024/09/13
Commodity supply remains stable after storm: Hanoi market watchers
Inspections of the local supermarkets and grocery stores show that the supply of basic necessities is assured.
22:43, 2024/09/12
Economic and Urban Newspaper, ThaiNews strengthen partnership for stronger future
The two media outlets have plans for the further development of their relationship in the years ahead.
22:02, 2024/09/12
Breakthroughs required to facilitate old apartment renovation in Hanoi
The authorities are exploring options to revise zoning plans for areas near urban railway stations, such as those on the Nhon - Hanoi Station, to ensure more flexible land use and development standards.
21:38, 2024/09/12
Water levels in Red River drop to safe mark
From now until the weekend, water levels in Hanoi's main river are expected to drop significantly.