Ha Noi to be ready to jointly remove difficulties and create favorable conditions for businesses (16:34 05/12/2018)
At the reception, the two sides exchanged the Group’s investment activities in Ha Noi in 2018 as well as investment plan in the coming time.
Chairman of Lotte Group Shin Dong-bin said that this visit to Viet Nam is designed to check the construction of Lotte Mall in Tay Ho, Ha Noi, and Eco smart city in Thu Thiem urban area, Ho Chi Minh City as well as enhance investment into Viet Nam in the coming time.
He mentioned that Lotte Group has been in Viet Nam since 1996. Over the past 20 years, Lotte has developed 18 brands in Viet Nam with the total investment of VND 40 trillion and created jobs to about 20,000 Vietnamese employees.
Besides, Lotte has positively supported Viet Nam in training and developing human resources, and strengthening start-up projects.
In reply, Chairman of the Municipal People’s Committee Nguyen Duc Chung affirmed that in addition to business projects, Lotte has also positively contributed to social welfare as well as created favorable conditions for Ha Noi to bring agricultural products into Lotte Mart system in Korea while applauding the Group’s activities in the city.
Briefing the guest about the city’s socio-economic situation, the city leader said that Ha Noi has recorded the high growth rate for the eight consecutive year. In 2018, gross domestic product is estimated to increase by 8.56% against last year. Ha Noi welcomes about 26 million tourists, including 5.7 million foreign visitors. The number of South Korean tourists to Ha Noi has increased sharply.
Currently, the city is strengthening administrative reform to create favorable conditions for domestic and foreign businesses, including Korean firms.
Chairman Nguyen Duc Chung expressed his belief that Lotte will continue to increase investment and carry out projects in the area.
Ha Noi will be willing to jointly remove difficulties and assist firms in operating effectively, he pledged.