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CPTPP Fuels Aeon Mall Expansion Plans in Vietnam

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CPTPP Fuels Aeon Mall Expansion Plans in Vietnam

CPTPP Fuels Aeon Mall Expansion Plans in Vietnam

October 10, 2022  share     

According to this article in VNExpress, Aoen, the largest retailer in Asia, plans to expand from six to sixteen malls in Vietnam in 2025. Aeon has invested more than $1.18B in malls and supermarkets in Vietnam. Also, Aeon is developing fast-fashion chain in Vietnam, competing directly with H&M and Uniqlo brands, as part of growth strategy in the most important market.

As a member of  Comprehensive and Progressive Agreement for Trans-Pacific Partnership, Vietnamese government will ease the requirement for foreign investment to Vietnam, which will create more opportunities for foreign investors.