Vietnamplus

Vietnam is emerging as a major importer of powdered milk from the Republic of Korea (RoK) that is facing low birth rate.

Foreign direct investment (FDI) in real estate topped 4.4 billion USD as of December 20, accounting for over 16% of the total FDI capital registered in Vietnam, and up 1.8 billion USD year-on-year.

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.

Ho Chi Minh City topped the country in foreign direct investment (FDI) attraction in the first eight months of 2022, accounting for 16.1% of the national figure, according to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA).

Director of the Hanoi Department of Health Dr. Tran Thi Nhi Ha on May 11 checked food services at Daewoo and Lotte hotels where SEA Games 31 athletes and officials are staying, and how the hotels handle food safety issues, according to the Organising Committee for SEA Games 31.

Lotte Chemical Corp, the petrochemical unit of the Republic of Korean conglomerate Lotte Group, has announced its plan to build a petrochemical complex worth 3.9 billion USD in Indonesia.

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.

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.

The rise of local retailers via mergers and acquisitions is expected to balance Vietnam’s retail market, which had been dominated by foreign investors.

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.

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.

Retailers are focusing on online shopping as more and more consumers are seeking to avoid public places amid the new COVID-19 outbreak.

Vietnamese bananas have hit the shelves of Lotte Mart in the Republic of Korea (RoK) - the first time the fruit has been distributed in the country via a large supermarket chain.

Vietnamese bananas have hit the shelves of Lotte Mart in the Republic of Korea (RoK) - the first time the fruit has been distributed in the country via a large supermarket chain.

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.

Hanoi, a charming city with a history of over one thousand years, is the convergence of cultural and historical essences of Vietnam. Its charm partly derives from oriental and French-style architecture, both ancient and modern, that will exist forever over time.