indian self drive car rental platform zoomcar ceases operations in vietnam

Indian self-drive car rental platform ZoomCar ceases operations in Vietnam

The Indian self-drive rental application ZoomCar, which has been operating in Vietnam for nearly a year and a half, has announced the cessation of its operations from May 24.
da nang to launch public bike rental service in late march

Da Nang to launch public bike rental service in late March

The central city of Da Nang will launch a one-year pilot programme on providing public bikes from March 29 in the hope of curbing personal vehicles, reducing environmental pollution, and promoting smart sustainable transport, according to the city’s Transport Department.
go ahead given for lotte eco smart city

Go-ahead given for Lotte eco-smart city

The green light has been given for the continuation of a $900-million eco-smart city invested by a consortium of Lotte Group affiliates, which had been delayed for more than three years.
lotte re groups after rocky 2018

Lotte re-groups after rocky 2018

Nearly a year after the bribery scandal that involved  Lotte Group chairman and took down the South Korean president, the multinational giant is now gearing up its investment strategy in Vietnam by ­pushing ahead with two giant projects in Hanoi and Ho Chi Minh City.
when lotte vietnam to turn profit

When Lotte Vietnam to turn profit?

Lotte Vietnam said that it takes an average of 5-8 years from the opening day to the breakeven point, but this company has still reported an accumulated losses of VND800 billion ($35.2 million) over the last 11 years in Vietnam. 
lotte comes out with new retail model in vietnam

Lotte comes out with new retail model in Vietnam

South Korean conglomerate Lotte is expanding its retail footprint in Vietnam with supermarket chains, department stores, e-commerce, and most recently, duty free stores.
lotte expands vietnam ops

Lotte expands Vietnam ops

Lotte Card’s purchase of TechcomFinance from Techcombank is considered a move to expand in Vietnam and break into the $26.55-billion consumer finance market, which has been showing signs of rapid development.
lotte makes up ground on new complex

Lotte makes up ground on new complex

Korea’s leading retailer Lotte Group last week said that development of its first ever shopping centre in Hanoi was right on track.
happy thanksgiving at lotte legend

Happy Thanksgiving at Lotte Legend

The true meaning of Thanksgiving, however, should not end after a prayer or a few seconds of meditation devoted to thanks.
lotte holds event to thank customers

Lotte holds event to thank customers

More than 12,000 people joined the May 21 Gala Night at Lotte Department Store at 54 Lieu Giai Street, Ba Dinh distict, Hanoi.
lotte becomes the main shareholder of bibica

Lotte becomes the main shareholder of Bibica

Lotte Confectionery Co., Ltd. (Lotte) is now the main shareholder of Bibica Corporation (BBC) after its main counterweight SSI sold its entire holding.
lotte mart opens new supermarket

Lotte Mart opens new supermarket

South Korean retailer Lotte Mart continued its assertive push into Vietnam with opening of a $9 million supermarket in Tan Binh district, Ho Chi Minh City.
lotte hanoi reaches for the sky

Lotte Hanoi reaches for the sky

The Lotte Hanoi Centre is one of the few projects which is on right track amid the property market gloom.
lotte seeks to increase capital

Lotte seeks to increase capital

Supermarket chain operator Lotte Vietnam on Wednesday submitted a proposal to the HCMC government to raise its chartered capital by $55 million to expand its retail network in the country.
lotte centre reaches for the sky

Lotte Centre reaches for the sky

Lotte Coralis, developer of the 65 storey Lotte Centre Hanoi building, last week completed its 19th storey and pledged to put the building into operation by 2014.