Keyword: "Lotte"

The Republic of Korea (RoK)’s Lotte Group announced on September 24 that it will donate 160 million KRW (about 120,000 USD) to help Vietnam's northern provinces to overcome the consequence of typhoon Yagi and subsequent flooding.

Lotte Card Co., Ltd, No.5 credit card issuer in the Republic of Korea, said on May 2 that it has funneled 93.7 billion KRW (68 million USD) into its Vietnamese unit - Lotte Finance Vietnam - to expand its business in the Southeast Asian country.

Located inside Lotte Mall West Lake Hanoi, the Lotte World Hanoi Aquarium is an ideal entertainment venue for local residents as well as domestic and international visitors. The aquarium combines the beauty of Vietnamese culture with nature, using modern technology from around the world.

Lotte is on the way to expanding its presence in Asia by launching Lotte Mall West Lake Hanoi – a mega commercial complex with the concept of “A One-Day Trip in the City”, aiming to offer Vietnamese people a number one shopping experience in the region.

A number of large enterprises from the Republic of Korea (RoK) are continuing to pour investment into Vietnam, turning the Southeast Asian country into their leading manufacturing hub in the world.

President Nguyen Xuan Phuc on December 5 received representatives of large enterprises of the Republic of Korea (RoK) operating in Vietnam, as part of his State visit to the Northeast Asian country.

Hanoi should work harder to promote the added value and quality of trade, a key economic sector of the city, creating a driving force for the country's economy, according to experts.

President Nguyen Xuan Phuc welcomed Lotte Group’s investment of nearly 5 billion USD in Vietnam and suggested the Republic of Korea’s conglomerate further invest in Vietnam’s large projects, while hosting Lotte Chairman Shin Dong-bin in Hanoi on August 31.

A seminar on introducing products of innovative start-ups to supermarkets and distribution channels took place in Hanoi on November 18. It was a bid to create a spillover effect contributing to further improving the efficiency of local production and business.

For Vietnamese products to enter foreign distribution channels, it was necessary to be more professional and stable in product quality, said experts.

The race for domestic retail market share was heating up as local and foreign firms looked to expand their networks, experts said.

Many businesses have been forced to implement social distancing rules due to the COVID-19 pandemic, and the retail sector has been hit hard.

The size of Vietnamese e-commerce market is likely to hit 13 billion USD this year thanks to a large percentage of young residents and internet subscribers, according to insiders.

Investment in Vietnam from the Republic of Korea (RoK) is expected to rise further, increasing demand for labour, according to the Korea Trade-Investment Promotion Agency (Kotra).

Global prestigious brands such as Lotte, Central Group, Aeon, and Circle K have made bold investment the Vietnamese retail market.

Foreign retailers have made stronger presence in the Vietnamese market over the years, posing great pressure on their domestic competitors.

National Assembly Chairwoman Nguyen Thi Kim Ngan received leaders of several economic groups of the Republic of Korea (RoK) as part of her visit in Seoul on December 7.

A number of Vietnamese goods weeks have been held abroad this year, with the aim to offer Vietnamese firms a chance to directly export goods to big foreign distribution systems, such as Big C, Aeon, Lotte, and Emart.

Big Day, the online summer shopping promotion of 2018, has started at 0:00 and last until 24:00 on June 1, the Ministry of Industry and Trade said. ​

Vietnam’s retail sector is forecast to be stable in the coming years, attracting investment from many foreign enterprises thank to its large population, brighter economic outlook and greater purchasing power.