RoK’s Lotte Mart increases investment in Vietnam

(VOV) – The Republic of Korea (RoK)’s Lotte Mart Company has planned to raise investment capital into Vietnam to US$50 million.

Lotte Mart Company belongs to the Lotte Shopping Group in RoK. In 2008, it cooperated with Vietnam’s Minh Van Company with an initial capital of US$15 million.

As scheduled, Lotte Mart Company will contribute another US$40 million, making up 80 percent of increased investment.

With such new capital, Lotte Mart will open their third retail centre after the first two were opened in HCM City.

Tags: Lotte Mart Vietnam

Posted by VBN on Sep 24 2011. Filed under Investment, Retail. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry