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, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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, Dec 22, 2021 | 11:30 am GMT+7
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, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Domestic retailers dominate market in Vietnam
Vietnam’s retail store market is being dominated by domestic players, according to a report by Q&ME, a local market researcher.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Korean giant inaugurates second confectionery plant in southern Vietnam
Lotte Vietnam Co., Ltd., under South Korean conglomerate Lotte, inaugurated its second confectionery factory in the southern province of Binh Duong on Thursday, with an investment of VND500 billion ($21 million).
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Saigon Co.op remains biggest retailer in Vietnam: executive
Saigon Co.op, a state-run cooperative, posted a revenue of VND30,888 billion ($1.32 billion) in 2022, up 0.7% year-on-year, CEO Nguyen Anh Duc reported to HCMC Chairman Phan Van Mai on Monday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam retail sees 2022 a thriving year
Both domestic and foreign retailers speeded up their business during 2022 with post-pandemic plans to further tap the country’s growing middle class, creating a booming year for the industry.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
LG plans new $4-bln investment in Vietnam
Korean tech giant LG plans to channel another $4 billion into Vietnam, LG Corp. vice chairman and CEO Kwon Bong-seok told Vietnamese President Nguyen Xuan Phuc on Monday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Grocery retailers see rapid expansion on surging Vietnam demand
Many mass grocery retailers are expanding in Vietnam, capitalizing on the country's fast-growing grocery sector and increased food spending.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Lotte sets sights on Vietnam after withdrawing from China
Vietnam will be the first country Lotte Group chairman Shin Dong-bin visits after he was granted a special pardon by the government on August 15.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreign, local retailers compete neck and neck in Vietnam
Vietnam’s market size of almost 100 million people and fast economic growth are magnetizing both domestic and foreign investors, especially Asian majors.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Lotte E&C prepares $900 mln smart city project in HCMC
South Korea’s Lotte Engineering and Construction is partnering with Ho Chi Minh City’s administration in researching a smart city project with a total $900 million investment.
Real Estate - Mon, Dec 22, 2021 | 11:30 am GMT+7
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