The information was revealed by the Republic of Korea (RoK) Vice Consul General Hoong Soon Chang at a recent ceremony to grant Lotte Mart scholarships to 54 outstanding students from 8 universities in HCM City.
Mr Hoong said Lotte Mart is one of the major Korean investors in Vietnam, leading in a number of business areas- retail, hotel and cinema.
Hong Won Sik, Lotte Mart Vietnam Director General, said the group wants to pour more investment into Vietnam as a result of the nation’s highest growth in the regional retail market.
The RoK is the largest foreign investor in Vietnam with more than 4,000 businesses pumping US$32.8 billion into the country up to July 2015.