Lotte Centre Hanoi has a slump after its opening

October 05, 2014 | 11:09

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Right after the opening of Lotte Centre Hanoi, the price of high-end products sold here dropped to 50% but the sales did not go up.

Lotte Centre Hanoi saw a slump after the grand opening.

Lotte Centre Hanoi was located on Lieu Giai Street, with the total investment of $400 million for the following: hotel, service apartments, offices, commercial centers. The building in the shape of Vietnamese traditional dress was expected to be in service of a large number of customers.

The building opened on Sep. 2, National Independent Day, after 5 years of construction and was a huge success. However, soon after that, Lotte Centre Hanoi had a great slump regardless of the great sales.

On Sep. 25, one of Lotte Centre Hanoi's elevator freefell from lever 63 and then stuck in the way down with seven people inside.

One of the victim who stuck in the elevator said: "When seven of us was rescued, the representative of the building, who is a foreigner, came. Even though there's a translator, this person only said sorry."

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