Tuesday,  Aug 14, 2018,13:31 (GMT+7) 0 0
AEON Mall spends US$190 million on new store in Haiphong
Thuy Dung and Hung Le
Tuesday,  May 15, 2018,20:31 (GMT+7)

AEON Mall spends US$190 million on new store in Haiphong

Thuy Dung and Hung Le

HCMC – AEON Mall Vietnam Co Ltd. on May 13 started work on a shopping mall in the northern port city of Haiphong, which will be the sixth Japanese-invested mall in Vietnam when it is completed after two years of construction.

The mall chain owner, which held the groundbreaking ceremony in conjunction with Viet Phat Construction Real Estate JS Company, will invest US$190 million in the AEON Mall Haiphong Le Chan in Haiphong City’s Le Chan District. It is slated to be operational in two more years.

AEON Mall Haiphong Le Chan is expected to cater to over 13 million customers per annum in Haiphong and neighboring provinces such as Quang Ninh, Hai Duong, and Thai Binh when it opens to business. The project, the third store of AEON Mall in northern Vietnam, is one more step toward the Japanese retailer’s goal to have 20 malls operational in Vietnam by 2025.

Speaking at the event, AEON Mall Vietnam general director Yasutsugu Iwamura said the mall will follow the consistent design of eco-friendly space, capacious parking lot and the philosophy of enriching customer shopping experience with diverse products, convenience and entertainment facilities.

The shopping center covers 9.3 hectares. With this project, Haiphong has become the fourth locality in Vietnam after HCMC, Hanoi and Binh Duong, where AEON Mall has established a presence since it landed in the country five years ago.

Earlier, the Japanese corporation has invested hundreds of millions of U.S. dollars in each store in Vietnam. For instance, AEON Mall Long Bien in Hanoi was financed US$200 million while AEON Mall Tan Phu Celadon in HCMC has a total investment of US$190 million, and AEON Mall Ha Dong in Hanoi was injected over US$180 million.

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