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.
National Assembly Chairman Vuong Dinh Hue received leaders of leading groups and enterprises of the Republic of Korea in Seoul on December 13, within the framework of his official visit to the country.
Ho Chi Minh City and Lotte Properties HCMC, owned by Lotte Group of the Republic of Korea (RoK), have agreed to enhance their cooperation, especially in smart urban building.
The Vietnamese Government will work to remove bottlenecks and create the best conditions for enterprises from the Republic of Korea to operate in Vietnam, Deputy Prime Minister Vuong Dinh Hue stressed on June 19.
The Republic of Korea (RoK)’s retail and chemical giant Lotte Group is ramping up efforts to tap deeper into Southeast Asia and advanced economies amid falling sales in China, once its biggest overseas market, industry sources said on May 28.
Prime Minister Nguyen Xuan Phuc has asked the Lotte Group of the Republic of Korea (RoK) to foster the growth of Vietnamese start-ups by setting up a fund to support young business hopefuls.
Chairman of the Hanoi People’s Committee Nguyen Duc Chung had a working session on December 3 with the Republic of Korea’s Lotte Chairman Shin Dong-bin on the group’s business results in 2018 and its plan to expand investment in the capital city in the time to come.
The Vietnamese Government is supportive of Lotte group’s expansion into business fields of strength, including consumer finance, Deputy Prime Minister Vuong Dinh Hue assured Chairman and CEO of the Republic of Korea (RoK)’s Lotte Card Kim Chang-kwon during a reception in Hanoi on September 6.
The Korea-based Lotte Group wants assistance from authorities in Ho Chi Minh City to implement its eco-urban complex project at the city’s Thu Thiem New Urban Area, said a leader of the company.
Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong and CEO of Lotte Asset Development Lee Kwang Young have agreed to start construction of a smart complex in the city’s Thu Thiem New Urban Area on September 2.
The RoK's distribution and food processing companies are shifting to Vietnam from China amid tougher business conditions and strained bilateral relations in the world's most populous market.
Prime Minister Nguyen Xuan Phuc applauded production and business activities as well as social welfare programmes of the Republic of Korea (RoK)’s Lotte Group in Vietnam while receiving its Vice Chairman Hwang Kag-gyu in Hanoi on March 8.
Korean retailers are accelerating their push to tap deeper into the Southeast Asian market after they suffered a serious setback in China, industry watchers said on October 15.
Representatives from Ho Chi Minh City’s authorities and a Lotte Group joint venture signed a contract on the construction of the Eco Smart City in new Thu Thiem urban area on July 25.
The Ho Chi Minh City People’s Committee has selected the Republic of Korea’s Lotte group as the investor of a smart complex project in the city’s Thu Thiem New Urban Area.
Politics
