Aeon Retail Group Expands Playground in Vietnam

Thạch Lam |

After more than 10 years in Vietnam, Japanese retail group Aeon has invested about 1.5 billion USD and has just expanded its scale by opening a new shopping center in Hanoi.

Aeon Xuan Thuy Shopping Center has just officially opened with a modern shopping space and targets students, office workers, and young families in Cau Giay area and neighboring districts.

Aeon Xuan Thuy is designed as a 3-storey center with many modern amenities and an electronic price list and automatic payment system.

Besides direct shopping, Aeon also expands online sales channels by phone or on e-commerce platforms.

According to information from this group, in the period of March-August 2024 alone, Aeon Mall achieved revenue of nearly 8.2 billion yen, about more than 1,390 billion VND in Vietnam, an increase of more than 14% over the same period last year. After deducting expenses, the Japanese giant's pre-tax profit was about 2.4 billion yen (equivalent to over 400 billion VND), an increase of about 21%.

After more than 10 years, Aeon has invested about 1.5 billion USD in Vietnam and currently has 7 shopping centers in Hanoi, Ho Chi Minh City, Hai Phong, Hue and Binh Duong, with a total leasable floor area of ​​about 462,000 m2.

Thạch Lam
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