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
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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.
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