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

20220906N groundbreaking

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

KOTARO HOSOKAWA and TOMOYA ONISHI, Nikkei staff writers

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.

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