Friday , December 8 2023

Aeon plans to expand MaxValu supermarket chain in Vietnam

Japanese retailer Aeon plans to open an additional 100 of its MaxValu supermarkets in Vietnam by 2025 in the context of wet markets suffering difficulties following Covid outbreaks.

A Nikkei Asia report said that Aeon, which has four MaxValu stores in Hanoi at present, would add bigger stores with 500 sq.m or more as part of its overall expansion strategy.

“Vietnam is the most important market for our overseas strategy,” it quoted Soichi Okazaki, the executive in charge of the group’s Southeast Asian business, as saying.

Supermarkets are one part of the Tokyo-listed company’s vision for growth. It plans to increase its shopping centers in Vietnam to 16 locations by 2025 from the current six.

Aeon, which has invested $1.18 billion in Vietnam, has also said it plans to list shares on the Vietnamese stock market, and facilitate export of Vietnamese seafood, garments and other products to Japan.

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