Lotte Group Chairman Shin Dong-bin: "Will discover new business models in Vietnam... Expand investment"

[Hanoi (Vietnam) = Correspondent Kim Jun-seok] Lotte Group has expressed its determination to establish Vietnam as a core investment hub and continuously expand local investments. Lotte Group Chairman Shin Dong-bin emphasized that the Vietnamese market holds significant meaning in Lotte's growth strategy and stated that the group will explore new business models centered on commerce, retail, services, and modern urban development.
On the 8th, Chairman Shin met with Tran Thanh Man, Chairman of the Vietnamese National Assembly, who was on an official visit to Korea, in Seoul to discuss ways to expand business in Vietnam.
Chairman Shin assessed the high growth potential of the Vietnamese market and focused particularly on the sectors of commerce, distribution, services, and modern urban development. He stated that he would expand the market and contribute to commercial and urban development by creating new development models based on existing business models successfully implemented in Vietnam.
Chairman Tran Thanh Man highly praised Lotte Group’s investment performance in Vietnam and urged the company to establish Vietnam as a key investment hub in ASEAN. In particular, he requested that Lotte Group expand investments by leveraging its strengths and experience in smart city infrastructure and tourism development, and that the pace of large-scale projects currently underway be accelerated.
He also emphasized the need to continue sustainable investments, such as actively adopting advanced technology and eco-friendly and circular economies, and faithfully implementing Environmental, Social, and Governance (ESG) standards.
In addition, Chairman Tran Thanh Man welcomed Lotte Group’s continued interest in and investment in various regions of Vietnam, including Ho Chi Minh City. He also expressed his hope to strengthen cooperation between Lotte Group and Vietnamese companies, particularly in preparation for the 2027 Asia-Pacific Economic Cooperation (APEC) Summit.


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