Japan’s major retail company, the Aeon Group, has officially set up base in the country by establishing the Aeon Vietnam Company in Ho Chi Minh City on March 2.
The company also announced its very first construction project, that of the first trade centre in Vietnam, to be built in Tan Phu District in
Ho Chi Minh City.
The Aeon-Tan Phu Celadon trade centre project, at a cost of around US$100 million is expected to be complete by early 2014.
According to a representative of the Aeon Vietnam Company, this will be a very futuristic trade and retail centre, which will also include shops and entertainment areas.
The Aeon Group is planning to build about 20 retail centres across the country by 2020. These centres will modernise Vietnam’s retail industry and also help push Vietnamese exports to Japan.
The Aeon Group was established in 1926 and is presently operating 14,000 retail centres all over the world.