Lotte to open second duty-free shop in Cam Ranh airport
Lotte Duty Free, the travel retail company of the Republic of Korea on November 27 announced that it will open the second duty-free shop in Cam Ranh airport next year.
According to the company, it has been granted permission, valid until 2028, to open a duty-free store at the new terminal of the Cam Ranh International Airport in the first half of 2018.
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Lotte Duty Free announced that it will open the second duty-free shop in Cam Ranh airport next year. (Source: vietnamfinance.vn)
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The new store is hoped to earn revenue of up to 700 billion KRW (US$664 million) in the next 10 years.
Lotte Duty Free opened a similar store at Da Nang International Airport in early November, making it the first RoK duty-free retailer that has entered Vietnam’s market.
Lotte Duty Free is the travel retail arm of RoK conglomerate Lotte Group, with six duty-free stores in Vietnam, Indonesia, Japan, Thailand and Guam.
