AEON, a Japanese retail giant, will inaugurate its first trade centre in Hanoi on October 28, announced the group at a press briefing on September 3.
Spanning 9.6 hectares, AEON Mall Long Bien accommodates some 180 booths scattered over four storeys.
A major supermarket along with various restaurants, cafés and fashion, cosmetics and sports shops featuring a modern lifestyle are located on the first floor.
The second floor houses more diverse fashion shops for both adults and children with established brand names.
Food lovers can taste different dishes from Vietnam and other countries such as Japan, Thailand and the Republic of Korea on the third storey.
Earlier, AEON put two other commercial centres into service in Vietnam’s southern region in 2014, receiving enthusiastic responses from local customers.
After AEON Mall Long Bien, the group will open another shopping mall in Ho Chi Minh City in 2016.-VNA
Japan’s retail giant Aeon announced that it has formed a business alliance with two Vietnamese retailers namely Fivimart Co., and CitiMart Co., with a view to expanding its operation in the country.
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Japanese investors in Vietnam are likely to shift their capital to the trade and service sectors given the advantages of the ASEAN-Japan Comprehensive Economic Partnership Agreement (AJCEP) in 2015-2019 and the ASEAN Trade in Goods Agreement (ATIGA) in 2015-2018.
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PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.