Lotte promises best places to live in Việt Nam

December 05, 2018 - 09:00

The South Korean conglomerate Lotte Group’s chairman Shin Dong-bin hopes Lotte’s eco smart city projects will become the best places to live in Việt Nam.

PM Nguyễn Xuân Phúc (right) met South Korea-based Lotte Group’s Chairman Shin Dong-bin yesterday. — VNA/VNS Photo Thống Nhất
Viet Nam News

HÀ NỘI – The South Korean conglomerate Lotte Group’s chairman Shin Dong-bin hopes Lotte’s eco smart city projects will become the best places to live in Việt Nam.

Speaking at a meeting with the Prime Minister Nguyễn Xuân Phúc on Tuesday, Lotte Group chairman said his visit to Việt Nam this year was to examine the progress of Lotte’s eco smart city projects in HCM City and Hà Nội.

“The smart city projects will improve people’s living standards by providing them with access to spearhead technologies including Internet of Things (IoT), open platforms, cloud computing and environmental friendliness,” said Shin.

“The projects will help improve the cities’ socio-economic growth, especially the Thủ Thiêm Lotte smart city would favour employing residents of Thủ Thiêm Commune,” the Lotte Group chairman said, wishing the PM will join the project’s groundbreaking ceremony next year.

At the meeting, PM Phúc spoke highly of Lotte Group’s operations in Việt Nam and expected Lotte, with other South Korean firms in Việt Nam, would help foster the strategic partnership between the two nations.

A view of Lotte’s eco smart city project in HCM City’s Thủ Thiêm Commune. - Photo Lotte Group

Farm produce promotion

Lotte Group chairman Shin Dong-bin acknowledged PM Phúc’s concern over exporting Việt Nam’s agricultural and farming products to overseas markets.

“Việt Nam’s export products have been displayed at all stores and supermarkets in South Korea since 2011 and they will be officially allowed for sale next April under the co-operation between Hà Nội and Lotte Mart South Korea,” Shin said.

In return, PM Phúc asked Lotte Group to make further investment in production activities in Việt Nam and promote the sale and consumption of Vietnamese products, especially farm produce, in South Korea.

Start-up community

Lotte Group has tried its best to foster the start-up community and open up new opportunities for Vietnamese talents, the Lotte Group chairman said.

“Since 2008, the Lotte Scholarship Foundation has given scholarships to more than 1,800 Vietnamese students. With Silicon Valley Vietnam and the Ministry of Science and Technology, it is implementing the Lotte Accelerator project to support outstanding start-up projects,” Shin said.

The front view of the shopping-department-residence complex Lotte Centre in Hà Nội. - Photo Lotte Group

There are now 3,000 start-up projects in Việt Nam and 100 of them have received huge investment from overseas investors, according to PM Phúc. He also asked Lotte Group to quickly establish a start-up foundation for young Vietnamese people.

According to the Lotte Group chairman, the bilateral relationship between Việt Nam and South Korea is now at its best. The South Korean government has granted long-term visas for Vietnamese travellers – the first in Asia – promising further co-operation between the two countries.

Since its launch in Việt Nam in 1996, Lotte Group has set up 18 sub-units in the country, employing a total 20,000 workers and investing more than VNĐ40 trillion (US$1.78 billion). Lotte Group has also focused on business-to-business (B2B) projects. For example, Lotte Chemical – a sub-unit of Lotte Group’s Lotte Advanced Materials – started constructing a factory at Nhơn Trạch Industrial Zone in the southern province of Đồng Nai to meet the demand of the electronics industry. – VNS