This result helped Vietnam remain Aeon Mall’s third-largest market, behind only its home country Japan with revenue of JPY 345.9 billion and China with JPY 68.1 billion.
In its full-year report, Aeon noted that shopping activities in Vietnam remained stable despite challenges such as decreased foot traffic in southern regions, the temporary closure of some malls due to Typhoon Yagi in September, and lower consumer spending in July.
In terms of operating profit, Japan led with JPY 42.8 billion, up 19.5%, while China’s figure stood at JPY 4.8 billion—just slightly higher than Vietnam’s.
Other major markets for Aeon include Cambodia and Indonesia, which recorded revenues of JPY 9.3 billion and JPY 9.8 billion respectively, up 9.5% and 35.7% year-on-year.
Vietnam continues to be Aeon’s most profitable overseas market, with profit nearly matching that of China despite generating only 25% of the revenue. However, China remains a core focus for Aeon, which opened two new malls there in 2024.
The two Chinese malls span 7 and 8.4 hectares, larger than the only new mall Aeon opened in Vietnam last year—Aeon Mall Hue—covering 5.1 hectares and inaugurated in September 2024. Another mall launched during this period was Aeon Mall Deltamas in Bekasi, Indonesia, with a scale of 8.6 hectares.
Aeon currently operates seven malls in Vietnam, including Tan Phu Celadon and Binh Tan in Ho Chi Minh City, Ha Dong and Long Bien in Hanoi, Le Chan in Hai Phong, Binh Duong Canary in Binh Duong, and Aeon Mall Hue in Hue.
Aeon plans to open more malls in Vietnam, with the next project being Aeon Hai Duong, covering 3.5 hectares and expected to break ground on April 19/4.
Source: VCCI
