RoK retailer plans to open supermarket in Vietnam
The Republic of Korea’s leading
retailer the Lotte Shopping Company on July 22 announced plans to set
up its first supermarket in Vietnam in 2013.
The Republic of Korea’s leading
retailer the Lotte Shopping Company, on July 22 announced plans to set
up its first supermarket in Vietnam in 2013.
Lotte has signed a contract with the Coralis SA Company, worth 55.7 million USD, to buy a licence to build a trade centre in Hanoi .
The supermarket, which will be housed in a 65-storey building, is estimated to cost 350 billion won (roughly 280 million USD).
This will be the group’s fourth overseas supermarket, after one in Russia and two in China .
According to the Lotte representative, Park Geum-soo, the group will speed up its penetration into emerging markets like Vietnam , Russia and India./.
Lotte has signed a contract with the Coralis SA Company, worth 55.7 million USD, to buy a licence to build a trade centre in Hanoi .
The supermarket, which will be housed in a 65-storey building, is estimated to cost 350 billion won (roughly 280 million USD).
This will be the group’s fourth overseas supermarket, after one in Russia and two in China .
According to the Lotte representative, Park Geum-soo, the group will speed up its penetration into emerging markets like Vietnam , Russia and India./.
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