Aeon

Many of Hanoi’s specialties meeting AEON’s standards are sold through the Japanese retailer’s distribution channel.

In the next 10 years, Vietnam will position itself as a major supply for global retailers in the Southeast Asian region.

Vietnam’s exports to Japan via AEON in 2020 are set to reach US$500 million and can potentially rise to US$1 billion in 2025.

The fair will take place at AEON Mall Long Bien and AEON Mall Ha Dong from November 5 to 9, and between November 19 and 23, respectively.

Hanoi’s authorities are expected to issue construction permit for the project in a near future.

FDI to Hanoi continues to rise while global investment activities shrink due to the growing impacts of the Covid-19 pandemic.

The country’s retail network could be modernized thanks to European investment, technologies and high standard governance.

Aeon targets to add Vietnamese goods and products worth US$500 million into its global distribution network in 2020, and around US$1 billion by 2025.

Aeon sees huge potential in Vietnam and expects to expand investment in the country, said the CEO of Aeon Vietnam and Southeast Asia.

Vietnam’s retail market is growing at an annual rate of 10.9% in the 2013 – 2018 period, while most leading names in the market come from South Korea and Japan, ranging from convenience stores, department stores to e-commerce.