AEON Mall to invest in more projects in Hanoi

AEON Mall – an enterprise specialising in large shopping and retail centres – is operating six projects in Vietnam, including two commercial centres in Hanoi's Long Bien and Ha Dong districts

In a recent meeting with Secretary of Hanoi Party Committee Dinh Tien Dung, Tetsuyuki said that by 2025, AEON Mall has a policy of implementing 16 more projects in Vietnam, including up to four projects in Hanoi.

According to the general director of AEON Mall Vietnam, its Hoang Mai project is in the final stages of investment preparation. He said the group has fully prepared in terms of funding, human resources, and equipment so that construction can begin immediately after completing the investment procedures.

He hopes that Hanoi will continue to support the venture and remove obstacles so that this project can start construction in the third quarter of this year.

At the same time, the Japanese businesses also asked the city to support the research and implementation of the AEON Mall project in Bac Tu Liem district.

Before this proposal, Dung reaffirmed that Hanoi is determined to improve the investment environment and administrative reform to create the most favourable conditions to attract both domestic and foreign investment, especially in clean technology.

Dung said city leaders were very interested in reducing the obstacles to the AEON Mall Hoang Mai project and assigned Hanoi People's Committee to coordinate with Bac Tu Liem district on the projects in the area.

Nguyen Manh Quyen, Vice Chairman of Hanoi People's Committee, confirmed that he will direct departments and sectors to build legal procedures related to the Aeon Mall Hoang Mai project in order to start construction according to the investors' proposed schedule.

With the project in Bac Tu Liem district, Quyen said that because the proposed location affects green park planning, the city will ask the Department of Planning and Architecture to coordinate with the People's Committee of Bac Tu Liem district to review it and suggest another location which is suitable for the investors.

Japan has always been a leading country investing in Vietnam and in Hanoi, many Japanese-invested Official Development Assistance projects are having positive effects. According to data from the Ministry of Planning and Investment, Japanese enterprises' investment in Hanoi has reached more than $13 billion.

AEON Mall alone has two projects in operation in Long Bien and Ha Dong districts. By 2030, it plans to open 30 shopping centres, focusing on big cities such as Hanoi, Ho Chi Minh City, Danang, Thua Thien - Hue, and Haiphong.

The AEON Group identifies Vietnam as the most important market outside Japan for investment and development.