Lotte Duty Free store opens in Nội Bài Airport

The new Lotte Duty Free store in Hà Nội's Nội Bài International Airport. — Photo cafef

HÀ NỘI — A duty-free Lotte store opened at Nội Bài International Airport in Hà Nội on Sunday.

The store, backed by the Republic of Korea (RoK)’s Lotte Duty Free company, covers a total area of 506 sq.m and offers perfumes, cosmetics, alcohol, cigarettes, food and items of at least 90 brands.

It also exclusively distributes products under 21 trademarks, including some from the RoK such as the History of Whoo.

Its revenue is expected to reach US$168 million in the next decade.

The store is the third in Việt Nam. The first one was launched at Đà Nẵng International Airport in 2017, and the second one opened in Nha Trang last year.

The company said it plans to open another in downtown Đà Nẵng and more in other tourist areas in Việt Nam.

Lotte Duty Free currently operates 21 stores in eight countries, including in the RoK. — VNS

Tags Lotte duty-free shop

Masan targets at least one product in every household globally

Economy

MoIT working to reduce greenhouse gas emissions

Economy

SBV postpones gold auction for second time

Economy

Central highlands opens conference on import-export development

Economy

Top 500 fastest growing enterprises 2024 announced

Economy

Việt Nam launches national Halal Certification Authority

More on this story

Economy

HCM City to host smart factory conference

Vietnamese market and incentive policies for high-tech investment, trends in smart factory solutions and smart solutions using AI and IoT are among the topics that will be discussed at a conference in HCM City next month.

Economy

Chillax Asia 2019 Drives Entrepreneurship to New Levels in Singapore's Bakery & Confectionary Sector

Economy

HCM City solicits investment in infrastructure

HCM City authorities last week called on local and foreign investors to invest in the city’s infrastructure.

Economy

Foreign interest in Việt Nam’s LNG sector remains high

Foreign investors are diving into developing liquefied natural gas (LNG) and gas-fired power projects in Việt Nam, in part due to country’s growing demand for electricity.

Economy

Banks keen on housing sector despite SBV tightening

BUSINESS BEAT

Economy

Food, beverage, packing machines expo returns to HCM City

The VietFood, Beverage and Professional Packing Machines international exhibition will be held in HCM City next month.

Economy

Local stocks to slow on mixed corporate earnings as investors wait for int'l events

Vietnamese shares made slight gains last week and the benchmark local index is expected to consolidate under the 1,000 point level before advancing, analysts said.

Economy

PM calls for efforts to develop key economic regions

On July 26. Prime Minister Nguyen Xuan Phuc called for more efforts to develop Việt Nam's key economic regions as their growth is crucial to the country’s success.

Economy

Foreign investors continue to pour money into Đồng Nai

The southern province of Đồng Nai lured more than US$1.14 billion in foreign direct investment (FDI) in the first seven months of this year, easily surpassing its target for the entire year, according to the provincial Department of Planning and Investment.