Located approximately 160km southwest of Ho Chi Minh City – Vietnam’s largest city, Can Tho City is one of the municipalities directly under the Central Government with a population of approximately 1.25 million people, and is the largest city in the Mekong Delta region. Along with the vast Mekong River, the area is rich in natural resources, fertile soil, and a warm climate, with high rice production and a thriving agricultural and fisheries industry including fruit and shrimp farming. Transportation infrastructure has progressed in recent years, and upon the completion of the North-South Expressway connecting Ho Chi Minh City, travel time is expected to reduce from 3 to 4 hours down to approximately 2 hours. The infrastructure improvement is projected to attract a large amount of foreign direct investment (FDI) in the future.
Main content of the MOU is as follows:
- Can Tho City and AEON MALL will strengthen mutual cooperation towards the development of shopping mall in the province. Through investment in large-scale project, we aims to contribute to the enhancement of quality, service and living conditions for local residents, providing Japanese standard services and products.
- Can Tho City will offer complete support and guidance to AEON MALL regarding related administrative procedures and processes to implement the project, and to provide necessary information for surveys and examinations to facilitate facility development.
- To develop regional resources, AEON MALL will support local suppliers to enhance the quality and value of products, there by contributing to the export of Can Tho City’s prominent products to Japan. Furthermore, preferentially utilize the local labor force.
In addition to promoting in the South (Ho Chi Minh, Binh Duong), North (Ha Noi, Hai Phong) and Central (Hue) regions – the locality with the third largest economy in Vietnam where we are currently operating business, AEON MALL continues to promote investment in shopping malls in neighboring urban areas. Moving forward, our aim is to contribute to the sustainable and community development of Vietnam, which has achieved rapid economic growth in recent years, by expanding into local cities, we seek to further strengthen the foundation of our business in the country.