CTCP Viet Phat Group recently published an environmental impact assessment report for a commercial center project in Hiep Hoa Ward, covering an area of 116,635 square meters on Dang Van Tron Street, Hiep Hoa Ward, Bien Hoa City, Dong Nai Province.
Project rendering. Source: Environmental impact assessment report. In the published rendering, the project is known as Aeon Mall Bien Hoa commercial center.
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The project is planned to be divided into two phases. In phase 1, the investment will be made in the construction of three technical infrastructure roads and handed over to the state for use, investment in the construction and operation of a commercial center on the main project land area of 31,758 square meters; the progress will be carried out from the fourth quarter of 2024 to the second quarter of 2027. Phase 2 will invest in the construction of an expanded commercial center with an area of 11,562 square meters; the implementation will take place after 7.5 years from the start of the operation of phase 1 of the shopping center project; the progress will be from the third quarter of 2035 to the first quarter of 2038.
The current status of the majority of the land area is more than 35% for paddy fields, almost 15% for perennial trees, over 10% for specialized paddy fields, and 8% for aquaculture…
Location of Aeon Mall Bien Hoa project
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 Current status of the land area
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The company expects an annual visitor volume of about 10 million customers.
Project rendering
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| On May 20, 2022, the Chairman of the People’s Committee of Dong Nai Province, Mr. Cao Tien Dung, signed a memorandum of understanding with Aeon Mall Vietnam Co., Ltd. (a subsidiary of Aeon Group from Japan) to study the investment in Aeon Mall commercial center in Bien Hoa City. |
According to the approved investment project decision of the People’s Committee of Dong Nai Province, the estimated construction cost is over 3.3 trillion VND, the land use cost is nearly 2.3 trillion VND, and other reasonable costs are nearly 549 billion VND. Therefore, the total investment capital is up to over 6.1 trillion VND. The project will operate for 50 years.
Previously, in November 2023, the Department of Planning and Investment of Dong Nai Province announced the opening of the registration dossier for participating in the investment in this project, and the result was that only Viet Phat Group submitted the dossier. On December 8, 2023, the People’s Committee of the province approved the preliminary evaluation result of the investor’s capacity and experience for Viet Phat Group. The equity capital of the investor is arranged to account for 20% of the total project investment (about 1.222 trillion VND).
On December 26, 2023, the People’s Committee of Dong Nai Province ratified the investor for Viet Phat Group. Accordingly, the company must contribute cash capital of 1.222 trillion VND to implement the project. For the expected mobilized capital of 4.889 trillion VND, the company will raise it from credit institutions according to the project implementation schedule for each phase.
