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According to Shin, Lotte has injected 40 trillion VND (1.71 billion USD) in its projects in Vietnam and created around 20,000 jobs for local workers. In addition, the group has supported Vietnam in human resources training and startup projects. Some Lotte scholarships have been granted to Vietnamese excellent students since 2008, while Vietnamese startups have received assistance from the group from 2016.

Chairman of the Hanoi People’s Committee Nguyen Duc Chung (R) and Lotte Chairman Shin Dong-bin.

Lotte is carrying out a number of large projects in Hanoi, including Lotte Mall in Tay Ho district, he said, expressing his hope that they will be welcomed by local residents.

Lotte has huge potential to bolster investment in Vietnam, especially in the hospitality sector, he underlined, describing Hanoi as a credible market when the hotel reservation rate at Lotte Centre reached 98 percent and 100 percent on December 3-4.

Hailing Lotte’s activities in Hanoi, Chung 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 the RoK.

Briefing Shin on Hanoi’s economic development, he said that this is the eight consecutive years Hanoi has recorded rosy growth, with gross domestic products rising 8.56 percent against the previous year.

The city is working to put forth administrative reforms to facilitate business of both domestic and foreign investors, including those from the RoK, he stressed, wishing that Lotte will continue expanding its business in the locality.

“Hanoi stands ready to coordinate and remove bottlenecks for the firm to ensure its effective operation in the city”, Chung affirmed.

Bac Giang: Ideal destination for RoK’s enterprises

(BGO) With its advantages of geographical location, transportation, human resources and improved investment climate, Bac Giang is in the top 10 nationwide in foreign direct investment (FDI) attraction. Most FDI enterprises in the province have quickly come into effective operation after finalizing investment procedures and made significant contributions to the economic development of the province, especially Korean companies.

 

Vietnam national football team on active training in ROK

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RoK firms present scholarships to poor students in Binh Duong

The Republic of Korea Chamber of Commerce in Vietnam (KOCHAM) presented 241 scholarships totaling about 600 million VND (25,800 USD) to poor students in the southern province of Binh Duong on October 19.

 

Vietnamese tourism promoted in RoK’s Gwangju city

Vietnamese tourism was introduced to nearly 100 representatives of travel firms, hotels, aviation companies and media of the Republic of Korea (RoK) at a workshop in Gwangju city – one of the biggest economic, cultural and education hubs of the RoK – on October 10.

 

Vietnamese NA ready to boost ties with RoK’s legislature

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Source: VNA