English
Vietnamese
Japanese
Korean
Aeon plans to expand MaxValu supermarket chain in Vietnam
An Aeon's MaxValu supermarket store in Hanoi. Photo courtesy of Aeon
Japanese retailer Aeon plans to open an additional 100 of its MaxValu supermarkets in Vietnam by 2025 in the context of wet markets suffering difficulties following Covid outbreaks.
A Nikkei Asia report said that Aeon, which has four MaxValu stores in Hanoi at present, would add bigger stores with 500 sq.m or more as part of its overall expansion strategy.
"Vietnam is the most important market for our overseas strategy," it quoted Soichi Okazaki, the executive in charge of the group's Southeast Asian business, as saying.
Supermarkets are one part of the Tokyo-listed company's vision for growth. It plans to increase its shopping centers in Vietnam to 16 locations by 2025 from the current six.
Aeon, which has invested $1.18 billion in Vietnam, has also said it plans to list shares on the Vietnamese stock market, and facilitate the export of Vietnamese seafood, garments and other products to Japan.
Other Posts
- FDI disbursement in Vietnam hits record high
- 10 outstanding events of Vietnam's economy in 2023
- Improve efficiency from FTA agreements
- Budget revenue exceeded plan
- Economy 2023, forecast 2024: Vietnam's economy through the perspectives of international experts
- Experts emphasize the human factor when Vietnam develops the Digital Economy
- World Bank: 2023 is a "resilient" year for Vietnam's economy
- Approve the Planning for exploration, exploitation, processing and use of minerals as construction materials
- Enhance international integration capacity
- It is forecasted that international flight passengers will increase and domestic flights will decrease
