The total profit gained from shipping Vietnamese goods to Asian markets in 2015 was nearly US$150 million, Nagahisa Oyama, CEO of AEON Vietnam, said in a meeting with Nguyen Thanh Phong, chairman of the People’s Committee of Ho Chi Minh City.
The profit is estimated to be much higher since more and more products of Vietnam have gained mass appeal in Japan.
|Customers are pictured buying goods at AEON Mall Tan Phu Celadon in Tan Phu District, Ho Chi Minh City.
According to Oyama, with more than 10,000 AEON stores in Japan, Vietnamese goods will have great access to customers in every corner of the nation, especially clothes, processed food, and more.
The Japanese retail giant also plans to inaugurate the fourth mall in Tan Binh District, Ho Chi Minh City in early July, which will raise its total investment in Vietnam to US$500 million, the executive said.
AEON has been present in Vietnam since 2009, in the form of a representative office from December 1, 2009 to July 10, 2012, according to its website.
On October 7, 2011, with approval from the Ho Chi Minh City People’s Committee, AEON set up its Vietnam Company Limited to construct and operate modern shopping malls, general merchandise stores, and supermarkets, as well as carry out other business activities related to import, export, trading, and research.
The Japanese retailer now has three shopping centers in Vietnam: AEON Mall Tan Phu Celadon in Tan Phu District, Ho Chi Minh City, AEON Mall Binh Duong Canary in Binh Duong Province, and AEON Mall Long Bien in Long Bien District, Hanoi.