Japanese retailer AEON has signed a memorandum of understanding with the Bac Ninh Province People's Committee for building a $190-million shopping mall in 2022. 

AEON mall in Binh Tan District, Ho Chi Minh City. Photo coutersy of AEON.

Vice chairman of Bac Ninh People’s Committee, Vuong Quoc Tuan, said the province would provide support for the key project to get underway as soon as possible.

General director of AEON Mall Vietnam, Nakagawa Tetsuyuki, said the Bac Ninh Province’s traditional products and farm produce would be sold at the outlet and possibly be exported to Japan. Around 3,000 jobs would be created, he added.

In February AEON had signed an MoU with Thua Thien-Hue to do market research for opening an AEON mall in the central province. It is likely to cost $160 million.

AEON has six malls in HCMC, Hanoi and Hai Phong and the southern province of Binh Duong.

It plans to have 20 across the country by 2025 with the total investment of $2 billion.