President Luong Cuong receives Chairman of Lotte Group

Photo caption — President Luong Cuong receives Lotte Group Chairman Shin Dong-bin. Photo: Lam Khanh/VNA

Pleased to see that the Vietnam-Korea relationship is developing well in many fields, especially after nearly 3 years since the two countries upgraded their relationship to Comprehensive Strategic Partnership, the President highly appreciated and congratulated the investment and business activities of Lotte Group in Vietnam, one of the successful investment models in Vietnam, especially in the fields of real estate, entertainment and food processing.

The President affirmed that Vietnam always creates favorable conditions for foreign enterprises, including Korean enterprises and Lotte Group, to confidently invest long-term in Vietnam; at the same time, he asked the Group to continue expanding investment and consider Vietnam as a strategic market, taking advantage of the new generation free trade agreements (FTAs) that Vietnam has signed.

Along with that, the President said that in the process of implementing projects in Vietnam, the Group needs to pay attention to environmental protection, promote links with domestic enterprises, use raw materials that Vietnam can produce, ensure social security for workers, and at the same time create conditions for Vietnamese enterprises to participate in the value chain.

Honored to receive the President, the Chairman of Lotte Group expressed his gratitude for the attention and support of the Vietnamese Government for Lotte's operations in recent times.

Mr. Shin Dong Bin said Lotte is one of the first Korean corporations to invest in Vietnam, operating in many fields such as trade, services, food, retail and real estate. In Vietnam, Lotte has built a system of modern commercial centers and many large-scale projects, notably the Lotte Mall West Lake complex in Hanoi .

The Chairman of Lotte Group emphasized that the group is holding an important position in its global development strategy with a plan to invest more than 23,000 billion won (16.2 billion USD) around the world, in which Vietnam continues to be identified as a key market. He affirmed that in the coming time, Lotte will continue to expand investment, diversify business activities in Vietnam, and always focus on fulfilling social responsibilities, actively contributing to the sustainable development of the local community.

Sharing and agreeing with Mr. Shin Dong Bin's opinions, the President affirmed that Vietnam highly appreciates Lotte's social responsibility activities; hoping that the Group can share its experience in organizing social responsibility activities, thereby inspiring and further promoting social activities for the business community in general in Vietnam.

Regarding Lotte's proposals and recommendations, the President said he would assign relevant authorities to discuss and resolve existing problems, thereby helping Lotte continue to operate stably and long-term in the Vietnamese market for the benefit of both sides.

Source: https://baotintuc.vn/thoi-su/chu-tich-nuoc-luong-cuong-tiep-chu-tich-tap-doan-lotte-20251030101341867.htm