Location of Aeon Mall Bien Hoa project

The Department of Planning and Investment of Dong Nai province said that this project will start construction at the end of March or at the latest in early April 2024.

This shopping center is located on Dang Van Tron Street, Hiep Hoa ward. The center has a total area of nearly 12 hectares and a total investment capital of more than 6,000 billion VND.

The investor of the project is Viet Phat Group Joint Stock Company. The company is headquartered at 198 Nguyen Van Linh, Tan Thuan Ward, District 7, Ho Chi Minh City.

The project will provide food and beverage services, children's play areas, and the rental of sales counters and shelves. Sales space has been fully invested; rent and sublease premises, warehouses, halls, and other items.

In addition, the project will exercise the right to import, export, wholesale, and retail distribution of goods according to regulations. Technical infrastructure to build 3 roads around the project land according to planning and hand over to the state for management.

With an investment scale and world-famous brand, Aeon Mall Bien Hoa will be a shopping and entertainment destination in Bien Hoa.

This is also the 7th commercial center project across Vietnam by the Japanese corporation.

The appearance of Aeon Mall also contributes to increasing the value of the Hiep Hoa area. This place has a prime location and there is a super real estate project of 72,000 billion VND being invited for investment.

Specifically, the Hiep Hoa urban area project was approved for investment by the People's Committee of Dong Nai province at the end of February 2023. Total area is 293 hectares, expected population size is 31,600 people.

The 72,000 billion urban area in Hiep Hoa ward is inviting investment

Of which, residential land area accounts for more than 84 hectares (28.8%). The remaining green land accounts for more than 110 hectares, mixed land is nearly 35 hectares, public service land is more than 14 hectares, traffic land is 43 hectares and technical infrastructure land is 3.8 hectares.

Total project investment capital is more than 72,200 billion VND. The project is implemented over 12 years (from 2023 to 2035) and divided into 5 component projects.

This is an urban project with an extremely prime location. The project is located at the central gateway of Bien Hoa City and is surrounded by Dong Nai and Cai rivers.

Hiep Hoa urban area has also recently been added to the list of key works and projects in Dong Nai province.

In early 2024, Dong Nai Provincial People's Committee issued "conditions" for businesses who want to register to invest in this megacity.

Regarding financial capacity, the investor's minimum equity capital must be more than 10,800 billion VND. In particular, the investor's equity is determined based on financial data in the investor's 2022 financial report. This document has been reviewed by an independent audit agency and the financial report according to annual accounting.

In case the investor is a newly established organization during the year, the investor's equity is based on the financial statements audited by an independent auditing agency. It covers the period from the time of establishment to the time of bid closing or the interim financial report at the nearest time before the bid closing time.

For joint venture investors, the joint venture investor's equity is equal to the total equity of the joint venture members.

At the same time, each joint venture member must meet the requirements corresponding to the equity portion according to the joint venture agreement. The leading investor must have a minimum equity contribution ratio of 30%, each member must have a minimum equity contribution ratio of 15%.

The investor is selected as the investor of the project after approval. They are responsible for spending money on detailed planning (scale 1/500) for the project. Then, they need to submit it to the competent authority and state following the law.