Korea’s Lotte Shopping earns $302 mln in Vietnam in 2023, up 16%

Korea’s Lotte Shopping earns $302 mln in Vietnam in 2023, up 16%

Lotte Shopping, under South Korean conglomerate Lotte, earned a total revenue of KRW403 billion ($302.4 million) in Vietnam in 2023, up 16% year-on-year, according to its financial statement.

Companies - Mon, March 18, 2024 | 11:58 am

Korea’s Lotte earns $75 mln in 4 months from Hanoi mega mall

Korea’s Lotte earns $75 mln in 4 months from Hanoi mega mall

South Korean conglomerate Lotte has earned revenues of KRW100 million ($74.8 million) from the Lotte Mall West Lake complex in Hanoi that opened in September last year.

Companies - Tue, January 23, 2024 | 5:06 pm

Vietnam central region sees emerging FDI wave from South Korea

Vietnam central region sees emerging FDI wave from South Korea

An increasing number of South Korean companies are interested in investing in Vietnam’s central region given Vietnam’s move to balance regional development and local government activism, said Kang Boo Sung, consul general of the Northeast Asian country in Danang.

Industries - Sat, November 25, 2023 | 12:42 pm

Hanoi to okay Lotte Mall West Lake operation extension until 2060

Hanoi to okay Lotte Mall West Lake operation extension until 2060

Hanoi is set to approve an extension for the Lotte Mall West Lake complex's operation from 2046 to 2060.

Real Estate - Tue, September 26, 2023 | 9:07 pm

Deputy PM urges haste on LG R&D center project in Hai Phong city

Deputy PM urges haste on LG R&D center project in Hai Phong city

Deputy Prime Minister Tran Luu Quang has urged South Korean Ambassador Choi Youngsam to push electronics giant LG Group to invest in developing an R&D center in Hai Phong city.

Industries - Fri, September 22, 2023 | 11:27 pm

Lotte officially opens $643 mln commercial complex in Hanoi

Lotte officially opens $643 mln commercial complex in Hanoi

South Korea's Lotte Group conducted the official grand opening of its $643 million Lotte Mall West Lake complex in Hanoi on Friday.

Real Estate - Fri, September 22, 2023 | 4:58 pm

Lotte Group chairman Shin Dong-bin likely to visit Vietnam on Sept 22

Lotte Group chairman Shin Dong-bin likely to visit Vietnam on Sept 22

Lotte Group chairman Shin Dong-bin might visit Vietnam on September 22 to attend the grand opening ceremony of Lotte Mall West Lake Hanoi operated by Lotte Shopping, Business Korea quoted sources as saying.

Companies - Sat, September 9, 2023 | 7:44 pm

Lotte Shopping earns H1 revenue of $144 mln in Vietnam

Lotte Shopping earns H1 revenue of $144 mln in Vietnam

Lotte Shopping, a distribution unit under South Korean conglomerate Lotte, recorded a revenue of KRW190 billion ($144.2 million) from its operations in Vietnam in the first half of this year.

Companies - Mon, September 4, 2023 | 7:00 am

Competition heats up as foreign retailers remain keen on Vietnam market

Competition heats up as foreign retailers remain keen on Vietnam market

The slowdown in economic growth and presence of domestic competitors have not dimmed Vietnam’s retail potential in the eyes of foreign players seeking a foothold in the market.

Industries - Mon, August 7, 2023 | 4:41 pm

Retail giant Lotte opens $250 mln mega mall in Hanoi

Retail giant Lotte opens $250 mln mega mall in Hanoi

South Korea's Lotte Shopping opened a $250 million mega commercial complex in Hanoi Friday as part of Lotte Group’s continuous investment expansion in Vietnam.

Real Estate - Fri, July 28, 2023 | 12:28 pm

Lotte Shopping records Q1 revenue of $77.5 mln in Vietnam

Lotte Shopping records Q1 revenue of $77.5 mln in Vietnam

Lotte Shopping, a distribution unit under South Korean conglomerate Lotte, recorded a revenue of KRW98 billion ($77.5 million) from its operations in Vietnam in the first quarter of this year.

Companies - Thu, July 20, 2023 | 11:57 am

S Korean retailers double down in Vietnam

S Korean retailers double down in Vietnam

South Korean retailers are persisting with expansion efforts in the Vietnamese market even as Malaysian giant Parkson Retail Asia’s subsidiary files for voluntary bankruptcy.

Industries - Mon, July 3, 2023 | 5:54 pm

Vietnam-South Korea business ties to strengthen at landmark forum

Vietnam-South Korea business ties to strengthen at landmark forum

South Korean companies, including global giants Samsung, LG, and SK Group, will attend the Vietnam-Korea business forum in Hanoi on June 24 along with more than 200 other firms to further expand bilateral economic ties.

Industries - Sat, June 17, 2023 | 12:15 pm

Top Korean firms to attend business forum in Vietnam to boost trade

Top Korean firms to attend business forum in Vietnam to boost trade

Executives from South Korean leading conglomerates will attend an economic forum in Vietnam on June 24 as both countries seek to expand economic cooperation.

Industries - Sat, June 10, 2023 | 5:24 pm