The Lotte retail group from the Republic of Korea on December 5 put into operation its Lotte Mart in the central province of Binh Thuan , bringing the total number of its stores in Vietnam to six.

The shopping centre, the largest of its kind in the central region, is a seven-storey building worth 45 million USD with total floor space of over 7,000 square metres, located in Phan Thiet city.

It serves as a modern complex selling high-grade products including jewellery, fashion and food products. Of the 35,000 items for sale, more than 90 percent are Vietnamese high quality products.

Lotte Mart will also house an entertainment area, cinema, supermarkets and restaurants.

It is expected to greatly change the retail market in Binh Thuan province and neighbouring areas, as well as become a new tourism spot for visitors.

The General Director of Lotte Mart Vietnam , Hong Won-sik said the Phan Thiet store is the group’s biggest retail centre in the Central region, generating jobs for around 600 local residents.

Lotte Mart is the first foreign retailer to open a commercial centre in Binh Thuan. The project is part of the retailer’s strategy to expand nationwide.

Similar projects have been put into service in Ho Chi Minh City, the central Da Nang city, and southern Binh Duong and Dong Nai provinces.-VNA