Business

Lotte Shopping posts strong growth driven by Vietnam

The Republic of Korea’s Lotte Shopping reported solid business performance in 2025, supported by strong growth in its shopping mall segment and impressive results in the Vietnam market.

Illustrative image (Photo: VNA)
Illustrative image (Photo: VNA)

Seoul (VNA) – The Republic of Korea’s Lotte Shopping reported solid business performance in 2025, supported by strong growth in its shopping mall segment and impressive results in the Vietnam market.

The company announced an operating profit of 547 billion KRW (about 373 million USD) for the year, up 15.6% year-on-year. In the fourth quarter alone, operating profit surged 54.7% to 227.7 billion KRW, marking a turnaround from losses to profitability.

Total consolidated revenue in 2025 stood at over 13,738 billion KRW, down slightly 1.8% from the previous year. However, the company posted a full-year net profit of 73.6 billion KRW. The improved performance was attributed to stabilised profit structures, stronger core business earnings, improved equity-method gains and a significant reduction in asset impairment losses.

Lotte Shopping said revenue growth resumed after more than a year of decline, driven by efforts to attract customers to major malls, increased spending by foreign tourists, and robust growth in overseas operations, particularly in Vietnam.

The shopping mall division recorded fourth-quarter revenue of 952.5 billion KRW and operating profit of 226 billion KRW, up 4.4% and 25.7% year-on-year, respectively.

Overseas shopping malls also reported positive results, generating revenue of 35.7 billion KRW and operating profit of 5.6 billion KRW. Notably, Lotte Mall West Lake Hanoi in Hanoi set a new record for quarterly profit, helping the three local department stores collectively swing to a profit with operating profit of 10.1 billion KRW last year. The Vietnam discount store business also posted operating profit growth for the fifth consecutive year, reaching 40.5 billion KRW in 2025.

Revenue growth remained strong across markets, with Vietnam expanding by 19% and Indonesia by 13%.

According to Chief Financial Officer Lim Jae-cheol, in 2025, the company was able to maximise profitability by boosting customer traffic at large stores, actively attracting foreign tourists, and successfully operating our overseas businesses in markets such as Vietnam. "Going forward, we will continue to strengthen our fundamental competitiveness in the domestic market and expand our dominance overseas, thereby solidifying a foundation for sustainable growth," he said./.

VNA
#Lotte Shopping #Republic of Korea Vietnam
Follow VietnamPlus

Related News

Lotte Mall Westlake Hanoi. (Photo: VNA)

Lotte Shopping plans to open more shopping malls in Vietnam

Lotte Shopping currently operates three department stores and 16 supermarkets in Vietnam, alongside one department store and 48 supermarkets in Indonesia. The company highlighted the success of its flagship Lotte Mall West Lake Hanoi, which opened in 2023, describing it as a model for future premium complexes. Kim said the group intends to replicate this concept in other major Vietnamese cities.

See more

Representatives of Central Retail Vietnam and Lotte Plaza Market sign a distribution cooperation agreement at the networking event in Ho Chi Minh City on March 13. (Photo: VNA)

Vietnamese firms step up cooperation with international distribution chains

Connecting Vietnamese businesses with international distribution networks has been a key component of government-led trade promotion programmes for many years, which are designed to help domestic companies place goods directly into global retail systems rather than exporting solely through intermediaries.

Direct Hanoi–Amsterdam flights by Vietnam Airlines to begin on June 16. (Photo: Vietnam Airlines)

Vietnam Airlines to launch direct Hanoi–Amsterdam service on June 16

Under the plan, the Hanoi–Amsterdam route will commence operations on June 16, 2026, with an expected frequency of three return flights per week using modern wide-body Airbus A350 aircraft. This will be the first direct air link between Vietnam and the Netherlands, helping to shorten travel time and enhance connectivity between Vietnam and one of Europe’s key economic, logistics and aviation transit hubs.

Farmers harvest the 2025 Winter–Spring rice crop in An Giang province. (Photo: VNA)

An Giang accelerates export shift to meet green consumption trends

To enhance competitiveness, authorities are assisting businesses in obtaining globally recognised certifications such as GlobalG.A.P., Organic and HACCP, enabling key exports including rice, seafood and clean agricultural products to strengthen their position in global markets, according to Quang Xuan Lua, Director of the An Giang Centre for Trade and Investment Promotion.

Motorcycle riders refill their vehicles at a petrol station in Hanoi (Photo: VNA)

E5 RON92 biofuel price falls in latest adjustment

Since the beginning of this year, domestic fuel prices have undergone 14 adjustments, including five decreases and nine increases for RON95 and six declines and eight hikes for E5 RON92. Meanwhile, diesel price has fallen three times and risen 11 times.

A French customer is tasting Vietnamese lychee. (Photo: VNA)

Vietnamese agricultural products boost global brand recognition

Vietnam aims to achieve about 74 billion USD in agro-forestry-fishery export turnover this year. Expanding value-added products, improving quality standards and strengthening brand building, especially through international supermarket systems, will be key to enhancing the competitiveness and global recognition of Vietnamese agricultural products.

An apartment building developed by BCONS in Binh Duong (Photo: VNA)

Resolution 68 boosts businesses entering market

By the end of 2025, Vietnam had more than one million active enterprises. In the first two months of 2026, about 64,500 enterprises entered or re-entered the market, up 29.4% year-on-year, averaging 32,200 newly established or returning businesses per month.

A Vinh Long official introduces signature local products to Korean guests. (Photo: VNA)

Vinh Long courts Korean investment in key sectors

Vice Chairman of the provincial People’s Committee Nguyen Truc Son vowed to accompany investors and provide them with optimal conditions, while building a transparent and stable business environment to secure long-term engagement from foreign enterprises, particularly those from Daejeon.

Delegates at the launching ceremony (Photo: VNA)

Digital platform on overseas market development launched

With Vietnam’s network of 64 trade offices overseas, Deputy PM Son noted that connecting them through a modern digital platform could help establish a unified national trade information system that operates efficiently, transparently and with strong forecasting capacity.

The Government’s issuance of Decree No. 72/2026/ND-CP revising preferential import tariffs on several petrol products and raw materials is a timely move to diversify supply sources. (Photo: VNA)

Fuel import tariff cuts strengthen Vietnam’s energy resilience: experts

Economic expert Dinh Trong Thinh said revising fuel import tariffs helps diversify supply sources and reduce reliance on traditional markets, thereby strengthening Vietnam’s ability to cope with potential global supply shocks. Ensuring access to multiple energy sources is also vital for safeguarding national energy security, he added.

Leaders of Dak Lak province inspect IUU fishing prevention and control efforts at Phu Lac fishing port, Hoa Hiep ward. (Photo: daklak.gov.vn)

Dak Lak readies for EC mission on anti-IUU fishing efforts

Dak Lak province is completing preparations for an upcoming European Commission (EC) inspection on efforts to combat illegal, unreported and unregulated (IUU) fishing, with a view to having the fisheries “yellow card” removed.

Vietnamese Ambassador to Argentina Ngo Minh Nguyet speaks at the event. (Photo: VNA)

Vietnam, Argentina promote trade, investment cooperation

On relations with South America, Nguyet noted that in December 2025, Vietnam and the Southern Common Market (MERCOSUR) announced the launch of negotiations for a Preferential Trade Agreement (PTA). She expressed her hope that the agreement will be signed soon, thereby further boosting trade and investment between Vietnam and MERCOSUR member states, including Argentina.

Customers buy petrol at a Petrolimex petrol station in Tran Hung Dao ward, Hung Yen province. (Photo: VNA)

PM orders stronger measures to ensure stable petrol supply

The MoIT was instructed to direct key petrol producers and traders to proactively develop supply plans to guarantee adequate fuel provision for distribution systems, maintain regular sale operations, and sell products at listed prices. It must also closely monitor developments in global and domestic petrol markets and adopt appropriate management measures when necessary.