Aeon heading to Vietnam in 2013: report

TN News

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Japanese retailer Aeon said it will open retail outlets in Vietnam in 2013, Vietnam News Agency reported.

Aeon is currently operating in Malaysia but it plans to expand to other Southeast Asian markets, including Vietnam, Indonesia and Cambodia, the report said.

The group seeks to grow sales from Asia to around US$15 billion by 2020, according to Nagahisa Oyama, vice president and chief executive officer of Aeon's ASEAN business.

Aeon is Japan's second largest retailer and owner of the Jusco retail chain.

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