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Vietnam, RoK strengthen trade, investment cooperation

Vietnam, RoK strengthen trade, investment cooperation

Considerable developments in politics, economy, labour and socio-culture have been recorded in the Vietnam-the Republic of Korea (RoK) relations thanks to joint efforts made by the two countries since they set up diplomatic ties in 1992.

RoK’s Lotte Group wants to expand investment in Hanoi

RoK’s Lotte Group wants to expand investment in Hanoi

Chairman of the Hanoi People’s Committee Nguyen Duc Chung had a working session on December 3 with the Republic of Korea’s Lotte Chairman Shin Dong-bin on the group’s business results in 2018 and its plan to expand investment in the capital city in the time to come.

Big-name brands get involved in Online Friday 2018

Big-name brands get involved in Online Friday 2018

Renowned brands like Samsung, Oppo, LG, Jetstar, Vinamilk, Mattana, Canifa, and Uma, among others, will offer their products at a substantial discount during the fifth Online Friday scheduled for December 7.

M&A deals fuel investment from Asia

M&A deals fuel investment from Asia

Money from Asian investment funds is finding its way to Vietnam’s listed equities, spurred by mergers and acquisitions of conglomerates from Japan, Thailand, and the Republic of Korea.

Deputy PM voices support for Lotte business expansion

Deputy PM voices support for Lotte business expansion

The Vietnamese Government is supportive of Lotte group’s expansion into business fields of strength, including consumer finance, Deputy Prime Minister Vuong Dinh Hue assured Chairman and CEO of the Republic of Korea (RoK)’s Lotte Card Kim Chang-kwon during a reception in Hanoi on September 6.

206 foreign brands franchised in Vietnam

206 foreign brands franchised in Vietnam

The Ministry of Industry and Trade has granted 206 franchise licences for foreign brands in Vietnam since 2007, reports from the ministry showed.

Work on Thu Thiem urban area’s smart complex to start in Sep

Work on Thu Thiem urban area’s smart complex to start in Sep

Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong and CEO of Lotte Asset Development Lee Kwang Young have agreed to start construction of a smart complex in the city’s Thu Thiem New Urban Area on September 2.

Lotte considers opening more stores in Vietnam

Lotte considers opening more stores in Vietnam

Korean retail giant Lotte is considering whether to open more stores in major Vietnamese cities, including the capital city of Hanoi and the southern largest economic hub of Ho Chi Minh City.

E-commerce eager for Amazon debut

E-commerce eager for Amazon debut

Amazon is making its long-awaited foray into Vietnam’s e-commerce market in March, a move that could shake up the country’s entire online retail market.

Prime Minister hails Lotte’s operation in Vietnam

Prime Minister hails Lotte’s operation in Vietnam

Prime Minister Nguyen Xuan Phuc applauded production and business activities as well as social welfare programmes of the Republic of Korea (RoK)’s Lotte Group in Vietnam while receiving its Vice Chairman Hwang Kag-gyu in Hanoi on March 8.

Parkson’s demise and the rise of competitors

Parkson’s demise and the rise of competitors

Parkson’s demise in Vietnam marks an important transition in the retail sector due to changing shopping behaviours and the rise of shopping malls invested by competitors like Lotte, AEON Mall, and Vincom.

Vietnam’s foreign retail giants see different tales

Vietnam’s foreign retail giants see different tales

While numerous foreign retail giants are planning to increase investment and expand their businesses to exploit the market, Malaysian retail group Parkson has seen dropping sales before finally shutting down.

Supermarkets develop own brands

Supermarkets develop own brands

From the many cooking oils on a shelf at Co.opmart Đinh Tiên Hoàng supermarket, Nguyen Thanh Truc of District 1 has picked a 2l bottle of Co.opmart soya cooking oil.

Lotte comes out with new retail model in Vietnam

Lotte comes out with new retail model in Vietnam

The Republic of Korean conglomerate Lotte is expanding its retail footprint in Vietnam with supermarket chains, department stores, e-commerce, and most recently, duty free stores.