May 23, 2023 | 07:00:00 GMT+7 | Weather 19°
Follow us:
70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Dec 04, 2018 / 08:53

Hanoi welcomes Lotte Group to expand investment

Lotte has injected VND40 trillion (US$1.71 billion) in its projects in Vietnam and created around 20,000 jobs here.

Hanoi welcomes South Korea’s Lotte Group to expand its investment in the capital, said Chairman of the Hanoi People’s Committee Nguyen Duc Chung at a reception for Lotte Chairman Shin Dong-bin on December 3.
 
Participants at the meeting. Photo: Kinhtedothi.vn
Participants at the meeting. Photo: Kinhtedothi.vn
During the talks, the two sides discussed Lotte Group’s business results in 2018 and its future plan to expand investment in the capital city.

According to Shin, his visit to Vietnam aims to check a number of large projects in Hanoi, including Lotte Mall in Tay Ho district, as well as to consider expanding Lotte Group’s investment in Vietnam in the coming time.

He stressed that Lotte wishes and strives to improve its projects’ quality in Vietnam, through the transfer and application of South Korea’s advanced technologies. Besides, the group focuses on the development of high-qualified human resources, as well as supporting Vietnam’s start-up projects.

Lotte has injected VND40 trillion (US$1.71 billion) in its projects in Vietnam and created around 20,000 jobs for local workers, Shin said, expressing his hope that Hanoi’s authority will keep supporting the group's expansion plans.

For his part, Chairman of the Hanoi People’s Committee Nguyen Duc Chung applauded Lotte's efforts to expand investment in Vietnam as well as in Hanoi. 

Hanoi has always welcomes South Korean projects in the capital, including the Lotte Mall project that has been implemented on the basis of close cooperation between the group’s leaders and Hanoi’s authority, Chung added.

He affirmed that the corporation has made significant contributions to the city’s social welfare projects and created favorable conditions for Vietnamese agricultural products to hit the shelves of Lotte Mart chains in South Korea.

In 2018, Hanoi will keep maintaining high growth rate, with gross regional domestic product rising 8.56%, receive more than 26 million visitors and lead the country in attracting foreign direct investment, Chung said.

Given that background, he pledged to create all favorable conditions for foreign businesses in general, South Korea’s enterprises in particular to invest in the capital.