31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Hanoinews
Hanoi pushes work on US$600-million Lotte Mall project: Mayor
Ngoc Mai - Tu Anh 16:48, 2021/04/08
Lotte is committed to further supporting Hanoi’s socio-economic development, including a startup fund and farm export to South Korea.

Hanoi’s authorities are working on bottlenecks related to the construction of the US$600-million Lotte Mall Hanoi project in Tay Ho district, which is set to complete in 2023.

 Chairman of the Hanoi People’s Committee Chu Ngoc Anh (r) and General Director of Lotte Properties Hanoi Song Jung Ho (l). Photo: Tu Anh

Chairman of the Hanoi People’s Committee Chu Ngoc Anh said in a meeting with General Director of Lotte Properties Hanoi Song Jung Ho on April 8.

“Hanoi would continue to listen concerns from foreign investors in the city, including those from Lotte,” said Anh.

According to Anh, Vietnam and South Korea are scheduled to celebrate 30th anniversary of the establishment of bilateral relations by 2022, for which Hanoi expects Lotte would continue to expand its operation in the city.

“In the 2021-2025 period, Hanoi would be active in attracting capital inflows from a shift of global foreign direct and indirect investment capital,” Anh said.

For his part, Lotte Properties Hanoi’s General Director Song Jung Ho expressed his impression on Vietnam’s success in containing the Covid-19 pandemic, saying this is an opportunity for foreign investors to continue enjoying a favorable investment environment.

Ho expected Hanoi to continue supporting the implementation of the Lotte Mall Hanoi project to ensure its completion as scheduled.

 Design of the Lotte Mall Hanoi. File photo

Ho said Lotte is committed to further supporting Hanoi’s socio-economic development, including the setup of a startup fund and boosting the city’s farm exports to South Korea.

Lotte Mall Hanoi, located on an area of 7.3 hectares in Tay Ho district, is expected to become a landmark of western Hanoi. Once completed, it would comprise of a hotel, cinema, aquarium, office and trade center complex.
RELATED NEWS
TAG: Hanoi Lotte Mall South Korea Vietnam Chu Ngoc Anh
Other news
17:56, 2022/56/01
Hanoi eyes cooperation with UK to develop clean energy
Vietnam and the UK have achieved impressive cooperation results in the fields of politics, diplomacy, economy, culture, and tourism in recent years.
09:33, 2022/33/01
Folding bikes allowed on Hanoi's sky train
Folding bikes are compact and light and do not take up too much space.
20:41, 2022/41/30
Hanoi’s economy posts solid growth in first half of 2022
Hanoi's GRDP growth in the first half of this year shows the economic recovery with the development of many key industries.
17:21, 2022/21/28
Success of US$3.7-billion ring road project is Hanoi’s pride: City Party chief
The project with a five-year construction period would be seen as gauge of the city's leadership and credibility.
14:56, 2022/56/27
Hanoi to pilot real-time reporting system in Q3
The goal is to ensure a consistent reporting system from the grassroots to city-level agencies, which helps save time and cost for all parties involved.
21:59, 2022/59/24
Hanoi Book Fair 2022 reopens after two years
The book fair in Hanoi is expected to raise awareness of the importance of books.