Expressing his thanks to the Hanoi mayor for his welcome, Lotte Properties Hanoi’s General Director Song Jung Ho highly spoke of Vietnam’s success in the fight against COVID-19. He believed that Vietnam’s economy has tremendous potential to evolve.
Saying the company is executing a the US$600-million Lotte Mall project covering an area of 7.3 hectares in Tay Ho district, Ho expected the municipal authorities to continue supporting the work, which is set to complete in 2023.
Ho said Lotte is committed to further assisting Hanoi’s socio-economic development, including the setup of a startup fund and boosting the city’s farm exports to South Korea.
For his part, Chairman of the Hanoi People’s Committee Chu Ngoc Anh applauded the good development of Lotte's projects in Hanoi, which have made significant contributions to the capital’s overall development.
He affirmed Hanoi has always listened concerns from foreign investors, including those from Lotte.
The municipal authorities are working on bottlenecks related to the construction of the Lotte Mall Hanoi project to ensure its completion as scheduled.
According to him, Hanoi is home to more than 6,300 FDI projects with the total registered capital of over US$46.8 billion. The city has worked hard to improve investment environment, facilitated business activities and attract more foreign direct investment.
Praising Lotte’s effort in organizing the Vietnamese Farm Produce Week in South Korea and establishing business startup support fund, Mr. Anh expected the group will promote further cooperation through specific activities, contributing to the development of the two countries and the two capitals.