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Lotte Mart

Which brands dominate Vietnam’s supermarket segment

While the hypermarket segment is dominated by foreign players, key players in supermarket segment are locals.

Pitfalls in Vietnam's promising retail market

Vietnam is a still young retail market and has lots of development potential.

Lotte Vietnam misses plans to open more Lotte Mart supermarkets

No supermarket was opened in the past eight months though Lotte Vietnam Shopping Joint Stock Company has set out an ambitious plan to open more 12 Lotte Mart supermarkets in Vietnam since early this year.

Lotte Vietnam copes with paying land rent of $8.2 million in lump sum

Lotte has been accused of illegaly using land to build commercial center in Ba Ria - Vung Tau province, since 2014 to date, without paying land rent and owning a certificate of land use rights, according to the Government Inspectorate.

Lotte declined to sell its entire business in Vietnam despite $35 million of accumulated losses

The mammoth Korean retail group, Lotte has no plan to leave Vietnam despite its current inefficient operation as the group targets to start making profit by 2020.

Lotte Mart to invest more in Vietnam though trillion dong losses

After 10 years investing in Vietnam, Lotte Group has opened 13 supermarkets despite continuous losses.

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