(VOV) - AeonMall Vietnam Co, Ltd has been licensed to invest US$200 million in a shopping mall in Hanoi, according to CBRE Vietnam.
(VOV) -Total revenue from retail trade and services during the first two months of 2013 was estimated at US$20.59 billion, up 10.9 per cent year-on-year.
Aeon, the leading Japanese retail and financial services corporation, has announced its US$1.5 billion investment plan to build 20 shopping malls across Vietnam by 2020.
The Department of Culture, Sports and Tourism launched a voting campaign on June 14, seeking to identify 100 “exciting things” about HCM City.
Vietnam's total retail market is forecast to grow at 23 percent annually between now and 2014, offering many opportunities for both domestic and foreign retail businesses, according to a report by AT Kearney.
A number of Vietnamese businesses are currently investing a total of US$10.8 billion in 627 projects overseas, according to the Ministry of Planning and Investment (MPI).
The capital city of Hanoi plans to introduce nine more shopping and trade-fair centres, according to the city's general plan on development of commercial activities by 2020 and towards to 2030.
Approximately 36,000 apartments in Hanoi are for sale this year, 16,000 of which were offered for sale last year and 22,000 are new on the market.
Vietnam’s economic downturn and lower consumption have not stopped retailers from moving into Hanoi’s three newest shopping centres.
With diversified models and attractive displays, shopping centres in Hanoi are catching the eye of customers in anticipation of Valentine’s Day (February 14).
Many domestic businesses are opening more store chains to retain market positioning in the face of mounting competition of foreign retailers.
Tens of thousands of Vietnamese people poured out into the streets on the night of December 24 to celebrate Christmas Eve with Catholics and Protestants.
Despite extreme cold, thousands of Hanoians, mostly young people, took to the streets, converging on shopping centres or churches to celebrate Christmas.
All streets, shopping centres and stores in HCM City are beautifully decorated and filled up with a wide range of goods.
The complex, including hotels, restaurants, convention and shopping centres, spa, gymnastics centre, theatre, museum and other entertainment areas, will be built at a cost of more than US$2 billion.