Prime Minister hails Lotte's operation in Vietnam

ABO/VNA - Prime Minister Nguyen Xuan Phuc applauded production and business activities as well as social welfare programmes of the Republic of Korea (RoK)’s Lotte Group in Vietnam while receiving its Vice Chairman Hwang Kag-gyu in Hanoi on March 8.  

Prime Minister Nguyen Xuan Phuc (R) and Lotte Group's Vice Chairman Hwang Kag-gyu. (Source: VNA).

The leader expressed his impressions of Lotte’s operation in Vietnam with 16 subsidiaries, four factories and 280 stores, covering such areas as commercial centre, supermarket, hotel, cinema and confectionery.

Lotte plays an important role in the RoK’s investment in Vietnam, the PM emphasised.

He called on the group to help Vietnam market its agricultural products in the RoK and produce plastics, chocolate and other industrial products in service of exports, while assisting the country in churning out new technological products amidst the fourth industrial revolution.

For his part, Hwang affirmed that Lotte has regarded Vietnam as a key market and wants to become the country’s trustworthy partner, contributing to national economic development.

Lotte’s subsidiaries always consider themselves Vietnamese companies, he said, noting his belief that Lotte will make more contributions to improving living standards of local people.

Hwang took the occasion to brief the Vietnamese leader on Lotte’s upcoming projects in Vietnam, including a project on cacao cultivation, an EP factory in the Central Highlands province of Lam Dong, the Thu Thiem eco smart city in Ho Chi Minh City and the Lotte Mall Hanoi project.

Lotte also plans to purchase difficulty-ridden Vietnamese financial companies and invest in information-technology and goods transportation in the country, according to the Vice Chairman.

Besides, Lotte has constructively participated in training young Vietnamese footballers, set up a scholarship fund for Vietnamese students, opened Korean language classes for young people in the central province of Thua Thien-Hue and helped build schools in Hanoi and HCM City, he added.

Hwang called for the support of PM Phuc as well as competent Vietnamese agencies for his group’s production and business activities in the time ahead, stressing that Lotte will use cutting-edge, environmentally friendly technologies and continue to assist Vietnamese start-ups.

PM Phuc said Lotte’s successes will significantly contribute to deepening the relationship between Vietnam and the RoK, and pledged to create the best possible conditions for the group to operate in Vietnam in the long term.

(Source: VNA)