New $180-million AEON MALL coming to Haiphong

Economy, Vietnam, Vietnam Finance News

Japanese shopping mall developer AEON MALL has decided to open a new $180-million mall in the northern port city of Haiphong to further its ambition of building 20 shopping malls across Vietnam by 2025.

Representatives of Haiphong, AEON MALL Vietnam, and Viet Phat Import Export Trading Investment JSC siging the MoU

On September 20, AEON MALL Vietnam signed a memorandum of understanding (MoU) with the Haiphong Investment-Trade-Tourism Promotion Center and Viet Phat Import Export Trading Investment JSC to build a new shopping mall in Haiphong which is expected to create about 2,000 new jobs for locals.

Under the agreement, AEON MALL Vietnam will invest, build, manage, and develop integrated shopping malls and provide related services, including catering services, amusement parks for children, as well as rental space, counters, and shelves, all constructed, installed, and decorated.

The $180-million (approximately VND4 trillion) facility covers an areaof 9.3 hectares at Ho Sen-Cau Rao 2 Route and will be the company’s third shopping mall in the north and the sixth one in Vietnam.

AEON MALL targets building 20 shopping malls across Vietnam by 2025

This MoU follows a previous one signed between AEON MALL Vietnam and Haiphong authorities at the Vietnam investment promotion conference witnessed by Prime Minister Nguyen Xuan Phuc during his state visit to Japan in last June.

Scheduled to come into operation in 2020, the Haiphong mall is expected to attract over 13 million visitors every year from Haiphong and surrounding provinces, such as Quang Ninh, Hai Duong, Thai Binh, and others. The mall will not only be a place to improve shopping convenience for customers, but also a multi-purpose complex and a place for cultural and social activities for all ages, with many integrated entertainment and educational facilities.

Iwamura Yasutsugu, general director of AEON MALL Vietnam, said that, “We are very happy to start the project in the new but very promising Haiphong, to grow further and develop sustainably with Haiphong authorities, our business partners, and especially the citizens of Haiphong. We want our malls to become focal points for local community activities. This is why every mall we develop and operate is firmly rooted in the life of the surrounding communities and is designed as a place of fun and excitement to enhance the enjoyment of life for everyone.”

Le Van Thanh, Secretary of the Haiphong Party Committee, and Chairman of the Haiphong People’s Council, said that, “The investment of AEON MALL in Haiphong will meet people’s shopping needs and contribute to developing Haiphong as a commercial centre of the North Coast.”

Thanh said the completion of the project will create jobs for more than 2,000 employees and at the same time increase the city’s budget revenue as well create incentives for hundreds of medium- and small-sized enterprises in the city. 

AEON MALL Vietnam operates four shopping malls in Hanoi and Ho Chi Minh

AEON MALL shopping malls in Vietnam

 

Opening

Land area (sq.m)

Floor area (sq.m)

Leasing area (sq.m)

AEONMALL Tan Phu Celadon

January 2014

35,000

83,000

47,000

AEONMALL Binh Duong Canary

November 2014

62,000

70,000

48,000

AEONMALL Long Bien

October 2015

96,000

109,000

73,000

AEONMALL Binh Tan

July 2016

47,000

115,000

60,000

AEONMALL Hadong

2019

95,000

Under Planning

Under Planning

AEONMALL Haiphong

2020

93,000

Under Planning

Under Planning

By Phuong Thu

QB05

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