ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Retail

Lotte makes fresh Vietnam start after China exit and '5 lost years'

$900m shopping center paves way for No. 3 market after South Korea and Japan

Lotte Group Chairman Shin Dong-bin attends a groundbreaking for a commercial complex in Ho Chi Minh on Sept. 2. (Photo courtesy of Lotte)

SEOUL/HO CHI MINH CITY -- It was no coincidence that the groundbreaking of South Korean conglomerate Lotte's $900 million shopping center in Ho Chi Minh City fell on the same day as Vietnam's most important holiday.

After geopolitical setbacks that forced the company out of China, Lotte Chairman Shin Dong-bin himself was in attendance at Friday's ceremony, underscoring the importance of Vietnam in the company's future growth strategy.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more