Aeon Mall officially entered the Vietnamese market in 2014 with the Aeon Mall Celadon Tan Phu shopping center (Ho Chi Minh City). To date, the group has expanded to 7 centers in many provinces and cities across the country. According to the plan, in the period of 2021 - 2030, the group will invest in 10 large shopping centers in Vietnam.
Why did Aeon Mall Vietnam withdraw?
In 2019, Aeon Mall Vietnam proposed to the leaders of Hanoi City to implement a parking lot project combined with a commercial center of the same two units, Xuan Nam Vietnam Joint Stock Company and 27-7 Mechanical Manufacturing and General Services Co., Ltd. Following the success of the two projects Aeon Mall Long Bien and Aeon Mall Ha Dong, Aeon Mall Giap Bat Hoang Mai is considered the next supermarket and parking lot project of the investor - Aeon Group in Vietnam.
On February 2, 2023, the Hanoi People's Committee officially approved the detailed planning 1/500 of Aeon Mall Hoang Mai Giap Bat shopping center and parking lot. The project has a planning area of about 8.03 hectares, of which the land area for city traffic is 1.97 hectares; the remaining land area for project research is 6.06 hectares.
The purpose of the project is to form a model of building a parking lot that combines the functions of a modern commercial center, office and warehouse, with synchronous, scientific connections and high-tech applications.
Accordingly, the parking lot must apply automatic parking technology to ensure meeting the minimum demand of about 4,000 parking spaces (cars, motorbikes) to serve the community and visitors.
In September 2023, Aeon Mall's partner shareholder structure in this project changed significantly, when 27-7 Company transferred 99.98% of its charter capital to THISO International Trade and Service Joint Stock Company (THISO). THISO is a member unit of THACO in the ecosystem of billionaire Tran Ba Duong, specializing in trade and service business according to the model "One destination - Many utilities and services", fully meeting customer needs.
Following the development orientation of THACO, THISO has built a strategy to expand the system from 2025 to 2027 with a total of 14 key projects, 15 Emart supermarkets and 7 new generation Thiskyhall Conference - Event Centers to be put into operation nationwide. In 2025, THISO will open the first Thiso Mall in Hanoi (West Lake urban area), and at the same time expand its market share to satellite cities of Ho Chi Minh City such as Bien Hoa and Can Tho.
Meanwhile, Aeon Mall still aims to expand its business platform in Vietnam, after having 2 large shopping malls in Hanoi. Currently, in addition to 7 shopping malls in Ho Chi Minh City, Hanoi, Hai Phong, Binh Duong, Hue with a total leasable floor area of about 462,000m2, the Japanese retail giant has just been approved by Dong Nai province for a detailed 1/500 planning of Aeon Mall Bien Hoa shopping mall with an area of nearly 12ha and an investment capital of more than 6,000 billion VND.
Traffic hub advantage
According to economic experts, Aeon Mall Group lost more than 1.1 billion yen (equivalent to 188 billion VND) because of canceling the investment project of a commercial center in Hoang Mai district. However, this does not affect the economic development strategy of Hoang Mai district, which has the largest population in the city. As the southern gateway of the city, Hoang Mai district is enjoying many advantages due to its connection to high-speed railway hubs, national railways, urban railways, North-South expressways, Ring Road 4, Ring Road 5 - Capital Region...
This will be a very good condition for Hoang Mai district to turn the project land area into a commercial, logistics and service center. Hanoi is preparing to implement a series of important transportation projects such as: expanding National Highway 1A; the southern axis road (old Ha Tay province); the road connecting Phap Van - Ring Road 3 highway; Road 70... According to strategic investors, the economic area in the South of the City is flourishing, without Aeon, there will be other investors, that is for sure.
Source: https://kinhtedothi.vn/vi-sao-cac-nha-dau-tu-quan-tam-du-an-tttm-o-hoang-mai.html
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