Japanese retail giant AEON targets to list on Vietnamese stock exchange

November 25, 2021 | 08:46
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Besides its listing plan, AEON Group is promoting Vietnam's goods exporting to Japan and other international markets.
Japanese retail giant AEON targets to list on Vietnamese stock exchange

According to the latest Vietnamese government publication, Prime Minister Pham Minh Chinh met with leaders of a number of Japanese corporations on November 23 during his official visit to Japan.

Motoya Okada, chairman of AEON Group, expressed his intention to list on the Vietnamese stock exchange as well as encourage the sale of Vietnamese commodities to Japan, including seafood, clothing, and so on, during the meeting.

AEON is one of the world's largest retail organisations with a revenue of over $75 billion in 2020. AEON has ramped up its presence in Vietnam since 2014 and has spent a total of $1.18 billion of its investment here.

Furthermore, Japan's conglomerate is adopting a medium- and long-term strategy and intends to more than treble its commercial and retail centres in Vietnam in the coming time.

AEON, moreover, is involved in the digital transformation journey in Vietnam.

The Prime Minister praised AEON's recent effective business activities, reiterating that the Vietnamese authorities actively support the group's ambition of growing its operations in the country.

The retail market in Vietnam has a lot of potential and AEON may develop and expand its business ecosystem, and purchase all types of goods in various places including Quang Ninh, Haiphong, Thanh Hoa, and Nghe An, as well as the Central Highlands and the Mekong Delta.

Aeon may extend its business system while acquiring all types of commodities in numerous locations around the North, Central, and South of Vietnam, including Quang Ninh, Hai Phong, Thanh Hoa, Nghe An, Central Highlands, Mekong Delta...

The PM also praised the group's strategy for expanding local manufacturing and exporting Vietnamese goods to Japan and other renowned international markets in the context of multifaceted free trade accords.

“AEON’s active involvement in Vietnam will help to further promote e-commerce, digital transformation, the quality of human resources, and managerial ability in the Vietnamese retail landscape,” the PM said.

By Tri Lam

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