The AEON Co. ( Malaysia ) Bhd, a subsidiary of Japan’s second largest retailer AEON Co. Ltd, is eyeing Vietnam as a potential retail market.
AEON Malaysia Managing Director Naghahisa Oyama said his company is considering plans to invest in Vietnam, Cambodia, Indonesia and Laos.
He said he is entrusted to seek potential partners and locations in Vietnam and to complete a report on the market in October. However, he added, the investment plan is likely to start in 2011.
According to Oyama, the AEON group will give Vietnam first priority and Ho Chi Minh City is seen as the most promising location, followed by Hanoi.