Lotte plans 60 shopping Malls in Vietnam
South Korean retail giant Lotte plans to increase the number of shopping malls it has in Vietnam by five times in the next four years, bringing the total store count to 60 by 2020.
A new shopping mall will open by the end of this month in Ho Chi Minh City. The company is also planning to launch its e-commerce channel for Vietnam by the end of the year.
The retail conglomerate is also a major investor in hospitality and real estate in Vietnam with an estimated current total investment of $3bn, including hotels, offices and movie theatres.
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