korean investors crowd vietnams credit sector

Korean investors crowd Vietnam's credit sector

Shinhan Bank, Woori Bank, KEB Hanam, and Lotte Card are among the Korean investors currently present in the Vietnamese credit market, aiming to grasp the top spots in the credit card segment which previously was rated as "highly potential."
minh phu corp reveals ambitious plans upon return to stock exchange

Minh Phu Corp reveals ambitious plans upon return to stock exchange

Leading seafood firm Minh Phu Corporation has plotted out grand strategies to defend the “King of Shrimp” title, following its comeback to the public market this month.
changing customer habits bring online retail to fore

Changing customer habits bring online retail to fore

As global brands are scaling up efforts to promote online sales and avail themselves of traditional retail outlets, to garner similar benefits, trade centres need to be flexible to keep up with customers’ fast changing appetite.
lotte card wholly acquires techcom finance

Lotte Card wholly acquires Techcom Finance

After receiving the approval from the Vietnamese government, Lotte Card yesterday signed a purchase contract to acquire 100 per cent of Techcom Finance from Techcombank to become the first South Korean credit card company to enter the Vietnamese finance market, according to newswire Vneconomy.
lotte group increases investment in vietnam

Lotte Group increases investment in Vietnam

On March 8 in Hanoi, vice chairman of Lotte Hwang Kag-Gyu met with Vietnamese Prime Minister Nguyen Xuan Phuc to explain Lotte's business in Vietnam and discuss investment expansion and cooperation plans.  
parksons demise and the rise of competitors

Parkson’s demise and the rise of competitors

Parkson’s demise in Vietnam marks an important transition in the retail sector due to changing shopping behaviours and the rise of shopping malls invested by competitors like Lotte, AEON Mall, and Vincom. 
vietnams foreign retail giants see different tales

Vietnam’s foreign retail giants see different tales

While numerous foreign retail giants are planning to increase investment and expand their businesses to exploit the market, Malaysian retail group Parkson has seen dropping sales before finally shutting down.
second vietnam economic forum to open tomorrow in hanoi

Second Vietnam Economic Forum to open tomorrow in Hanoi

Continuing the success of Vietnam Economic Forum 2017, the second forum will take place on January 11 and 12 at Lotte Hotel (Hanoi), in order to provide general advice on socioeconomic development strategies and polices.
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.
founder of south koreas lotte group given 4 years jail

Founder of South Korea's Lotte Group given 4 years' jail

SEOUL: The wheelchair-bound nonagenarian founder of South Korea's embattled Lotte retail conglomerate was convicted of embezzlement and breach of duty on Friday (Dec 22) and sentenced to four years in prison.
tek experts enamoured with performance in hanoi

​Tek Experts enamoured with performance in Hanoi

On December 7, Tek Experts Vietnam opened its second office in TNR Tower, Hanoi as a part of the firm’s business expansion strategy, following its previous launch of the first office in Lotte Centre Hanoi. Yaniv Natan, founder of Tek Experts, spoke to VIR’s Sam Luong about the new office, the firm’s expansion strategy, and the upcoming opening of Tek Academy.
korean investors contest vietnamese consumer finance

Korean investors contest Vietnamese consumer finance

Since the beginning of the year, myriad financial investors from South Korea have been actively searching for opportunities to enter the Vietnamese banking sector, especially the consumer finance segment. A typical example is Lotte Card, who is negotiating to acquire Techcom Finance.
what lies behind vietlott ceos resignation

What lies behind Vietlott CEO’s resignation

The abrupt resignation of Tong Quoc Truong, CEO of Vietnam Lottery Co., Ltd. (Vietlott) is rumoured to be related to the violations at PetroVietnam Finance Corporation (PVFC) that took place during his time in office as CEO at PVFC and are currently under investigation.
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.
southern lottery companies report falling profit

Southern lottery companies report falling profit

Although business remains profitable, the growth rates of lottery companies in the south have shown remarkable signs of slowing down.