VietinBank, LotteMart shake hand

September 27, 2012 | 22:27

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VietinBank and LotterMart have just signed a comprehensive cooperation agreement in a ceremony held in Ho Chi Minh City on September 27.

VietinBank and LotteMart agreed upon numerous fields of cooperation.

Accordingly, VietinBank pledged to provide financial and banking services for LotteMart chain throughout Viet Nam.

It is expected that the cooperation will help LotteMart increase convenience for its customers and expand its network in Viet Nam.

Mr. Pyong Gyu Hong, CEO of LotteMart, asserted that the banking market and the retail market are closed linked together because retail services need convenient payment services provided by banks.

He revealed that Lotte are attracting about 5,000-10,000 clients daily and that most of them do not pay by cards. This is a big chance for both VietinBank and Lotte, he said.

LotteMart is a component of Lotte, the 5th biggest group in the Republic of Korea specializing in distribution, foodstuff, petrochemistry, construction, entertainment and tourism…

Established in Viet Nam in 2008, LotteMart is a dominant supermarket trademark, with two centers in Ho Chi Minh City.

It is planning to open two new supermarkets in Da Nang and Dong Nai this year.

VGP

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