Aeon Mall Viet Nam plans to build its first trading centre, Aeon Mall Hue, covering a total 86,000sq.m, with an investment of US$170 million in the central province’s new urban area of An Van Duong.

The province’s people’s committee said the plan, which was accepted by the local authorities earlier in May, would open for operation in 2023 to celebrate the 50th anniversary of Viet Nam-Japan diplomatic ties.

It said the province and Aeon Mall Viet Nam had signed a Memorandum of Understanding on the development of a trading centre to boost tourism, trade and attraction of investment from Japan to Thua Thien Hue.

In 2020, Thua Thien Hue approved the development of An Van Duong urban centre in Huong Tra Township on 42.6ha.

Last month, during the meeting with the Japanese Consulate General, Yakabe Yoshinori, the provincial leadership called for investment from Japan to the locality in terms of tourism, trade, service, and high-tech industries.

Last month, the American Chamber of Commerce (AMCHAM) and Thua Thien Hue also agreed to boost ties between businesses from the US and the province to promote Hue as a future green economic growth area.

Representative of Thua Thien Hue provincial people's committee hands an investment proposal certificate to Aeon Mall Viet Nam for the development of the Aeon Mall Hue. Photo courtesy of Nhat Bac

EU investment

In Da Nang, the city’s Investment Promotion Agency (IPA) has offered investment opportunities to businesses from Bremen, Germany, in seaport, logistics and information technology (IT) during a recent working visit by representatives of Bremen.

The Director of the city’s IPA, Huynh Thi Lien Phuong said the investment from Germany to Da Nang was still small at only US$10.3 million.

She said Da Nang had been inviting bidding for the development of the deep seaport of Lien Chieu and logistics zone, including a railway cargo station, airport logistics and the hi-tech park logistics to boost the connection of multi-transport logistics industries.

Da Nang and the Cen­tral Agen­cy for Ger­man Schools Abroad (ZfA) had developed a pilot German teaching project at two junior secondary schools in the city in 2016.

Hue and Da Nang – two tourism hubs in central Viet Nam – are seen as favourite destinations to investors from European countries, Japan, the US in high-tech, tourism, logistics, health care and advanced farming.

The two localities, which connect to the East-West Economic Corridor linking Laos, Thailand, Myanmar and Viet Nam, are considered to have good investment potential with long coastal lines, world heritage sites, preferential policies, reasonable land prices abundant labour force.

Da Nang and Hue are also situated on National Highway 1, as well as having railway, seaport and airport systems and large areas for industrial zone development.

The Euro Chamber of Commerce and Industry and EU-Viet Nam Business Network in Da Nang, Amcham and the South Korea Trade and Investment Agency have already set up their offices to boost investment and trade in central Viet Nam.

Consular General of Japan, Korea, a new joint visa application centre for Belgium, Germany and Italy, and the United Kingdom and Australia were opened in Da Nang to provide service and investment in central Viet Nam. — VNS