AEON MALL wants to invest $2 billion in Vietnam

This information was revealed by Shinichi Asazuma, Deputy Ambassador of Japan in Vietnam in his speech at the recent “AEON Hometown Forests” tree-planting ceremony at AEON MALL Hai Phong Le Chan.

According to Asazuma, Vietnam has made great strides in intergrating with the global economy and accomplished a great deal as its rapid economic growth as well as continued to enhance its position in the international arena over the past 20 years.

“While COVID-19 is still raging in the world with many developed countries still struggling to fight against it, Vietnam is gradually returning to the “new normal” state which is attributed to strong leadership and excellent risk management capability of the Government” he said.

Asazuma emphasized that investors around the world including Japanese enterprises, have considered Vietnam as a safe and investment-attractive destination in the post-Covid-19 state and AEON MALL is one of those businesses.

AEON MALL has invested in Vietnam since 2014, having opened five shopping malls and is preparing to open the first shopping mall in Hai Phong – – AEON MALL Hai Phong Le Chan, which is also the sixth in the country.

“In addition, it is expected that by 2025, AEON MALL will open 20 shopping malls, invest more than $2 billion in Vietnam”, Asazuma revealed.

The Japanese Government provides great support to the investment activities of Japanese enterprises in Vietnam because of its belief in the supporting policies and directions of Vietnamese Government. At the same time, it pledged to support Vietnam in a long term “new normal” state.

In fact, according to Vu Ba Phu, Director of the Trade Promotion Agency (Ministry of Industry and Trade), the current wave of Japanese investment in Vietnam has ceaselessly increased in both number of enterprises and capital volume.

Japan took the lead among 112 countries and territories investing in Vietnam in 2018, with $8.59 billion in registered capital, making up 24 percent of the nation’s total FDI. By the end of 2019, more than 2,000 Japanese enterprises had invested in Vietnam. Japan ranked second with a total registered capital of $59.3 billio, accounting for 16.7 per cent of accumulated FDI inflows by the end of 2019.

In the coming time, Vietnam will continue to perfect institutions and policies to improve the quality and efficiency of foreign investment cooperation with the aim of focusing on attracting foreign investment in a selective manner, focusing on quality, efficiency, technology and environment protection.

Priority will be given to projects that use advanced technology and modern management with high added value and spillover effects and are able to connect to the global production and supply chain, which are the strengths of Japanese enterprises including AEON Group.

Tree-planting is a part of traditional pre-opening activities of AEON MALL with the message that when one tree is planted, one green hope grows. Total 10,000 trees are scheduled to cover around AEON MALL Hai Phong Le Chan afterwards.

The “AEON Hometown Forests Program” began in 1991 at Malaysia’s AEON Melaka and was adopted for the first time in Japan at JUSCO Shin Hisai (Mie Prefecture) in April 1992. Until today, a total of about 12 million trees were planted by the AEON Hometown Forests Program and AEON Environmental Foundation’s tree planting activities.

Source:Theleader

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