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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 cannot offset loss despite huge increase of sale

Strong growth of sales over the past years helped Lotte Vietnam boost its profit but it still cannot offset its accumulated losses.

Lotte promises to raise investment in Vietnam

The vice chairman of Lotte, Hwang Kag-gyu met with Vietnamese Prime Minister Nguyen Xuan Phuc in Hanoi on August 08 to discuss further cooperation in business and investment projects in the country.

Techcombank expects to gain huge profit from the divestment in TechcomFinance to Korea-based Lotte Card

The divestment in TechcomFinance is expected to help the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) record an extraordinary profit of more than VND1.1 trillion (US$48.4 million) in the first and second quarter of this year.

The Korean chaebol acquires TechcomFinance

The acquisition of Techcombank's finance company allows Lotte Card to enter the booming consumer finance market in Vietnam.

US$883 million Eco Smart City Project entered into contract

The People's Committee of Ho Chi Minh City (HCMC) and Korean-based Lotte Group entered into a contract on implementation of Eco Smart City project in Thu Thiem New Urban Area, district 2, HCMC. The project has the total estimated investment capital of VND20,100 billion (equivalent to US$883 million) with a construction period of 72 months.

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