Hanoi welcomes investment from Lotte Group

(VNF) - On the afternoon of December 3, Chairman of Hanoi People's Committee Nguyen Duc Chung met with Chairman of Lotte Group (Korea) Shin Dong Bin who is visiting and working in Hanoi.

The two sides discussed the investment activities of the Group in Hanoi in 2018 and plans to expand investment in the coming time.

Mr. Shin Dong Bin said, the visit to Vietnam is to inspect Lotte Mall project in Tay Ho district (Hanoi) and Eco smart city in Thu Thiem urban area (Ho Chi Minh city), as well as set plan to expand Lotte’s investment in Vietnam in the near future.

According to the Group’s leader, Lotte wishes to improve quality of its projects in Vietnam, through the transfer of advanced technology from Korea and the development of human resources.

"From 1996 to date, Lotte has 18 companies operating in Vietnam, investing 40 trillion VND into the market, creating jobs for about 20,000 workers," said Shin Dong Bin. He expressed his hope that Hanoi authorities will continue to support the Group to expand its investment activities in the coming time.

Participants attends the meeting.

For his part, Hanoi People's Committee Chairman Nguyen Duc Chung applauded Lotte's efforts to expand investment in Vietnam as well as in Hanoi. The city always highly appreciated the Korean projects.

The Hanoi leader also thanked Korean companies as well as Lotte Group for actively participating in social security programs, contributing to the investment promotion program of Hanoi in 2019, as well as signing the agreement to distribute agricultural products Hanoi into Lotte chain stores in Korea.

In 2018, Hanoi maintain high growth rate which is expected to reach 8.56%, receiving more than 26 million visitors and leading the country in attracting direct investment capital. On those basis, Chairman Nguyen Duc Chung agreed to create favorable conditions for foreign businesses in general, South Korea in particular to invest in the capital.

Ngoc Tran