Lotte mulls expanding investment in Vietnam
SEOUL, Dec. 4 (Yonhap) -- South Korea's retail giant Lotte Group is considering expanding investment in Vietnam, industry sources said Tuesday.
According to the observers, Lotte Group Chairman Shin Dong-bin met Hanoi's Chairman of the People's Committee Nguyen Duc Chung on Tuesday and insisted that the conglomerate is open to expanding investment in the Southeast Asian country, especially in the hospitality segment.
Shin also reportedly claimed that its hotel, Lotte Center Hanoi, recently boasted reservation rates of between 98 and 100 percent, indicating that the country is a lucrative market for the group.
The Vietnamese official urged the company to continue making investments in the market, claiming the city is also making efforts to lend a hand to investors.
colin@yna.co.kr
(END)
-
Nuclear envoys of S. Korea, U.S., Japan condemn N. Korea's stipulation of nuclear policy -
(URGENT) N. Korea decides to expel U.S. soldier Travis King -
BTS' Jungkook to drop 2nd solo single -
Opposition leader Lee again proposes talks with President Yoon -
(LEAD) Defense minister nominee vows to 'firmly punish' N. Korea in event of provocation
-
Unification ministry uses metaverse to recreate hometowns of elderly S. Koreans hailing from North -
Police launch belated probe into another teacher's suicide after parental harassment -
(LEAD) Defense minister nominee vows to 'firmly punish' N. Korea in event of provocation -
(LEAD) N. Korea stipulates nuclear force-building policy in constitution -
(7th LD) Travis King in U.S. custody after expulsion by N. Korea: Washington officials
-
(LEAD) S. Korea's Coast Guard apprehends 22 Chinese after illegal entry attempt -
S. Korea's Coast Guard apprehends 21 Chinese after illegal entry attempt -
N. Korea slams U.S. over Pentagon document calling regime 'persistent' threat -
(2nd LD) S. Korea's Coast Guard apprehends 22 Chinese after illegal entry attempt -
(LEAD) Civilian helicopter carrying 1 pilot crashes into reservoir in Pocheon
