RoK shopping centre in Vietnam attracts 6 million visitors in six months
Lotte Mall West Lake Hanoi, invested by the Republic of Korea (RoK)’s Lotte Group, welcomed 6 million visitors from its inauguration in September, 2023 to late March, the RoK’s Dong-a Ilbo newspaper reported.
Lotte Mall West Lake Hanoi (Photo courtesy of the shopping centre)
Seoul (VNA) - Lotte Mall West Lake Hanoi, invested by the Republic ofKorea (RoK)’s Lotte Group, welcomed 6 million visitors from its inauguration inSeptember, 2023 to late March, the RoK’s Dong-a Ilbo newspaper reported.
This mega commercial complex took only 122 days to surpassthe 100 billion KRW (72.5 million USD) mark in revenue.
Currently, an average of 30,000 people come to this shoppingcenter every day on weekdays and more than 50,000 at weekends.
The inauguration of the Lotte Mall West Lake Hanoi, whichbrings together 233 famous foreign and Korean brands, has taken advantage ofthe influence of the "Korean wave" (Hanllyu) to quickly attractVietnamese youth, thereby contributing to economic development and culturalexchanges between the two countries, the newspaper wrote.
Vietnam, as a potential consumer market, is increasinglyattractive to international brands. Mordor Intelligence, a global market researchcompany, predicts that Vietnam's retail market will grow at an average annualrate of 12.1% starting this year to reach about 435.6 billion USD by 2028.
The Lotte Group started constructing the 787-billion-KRW centrein 2018, with a purpose of establishing a Lotte Town in Vietnam, and providingVietnamese citizens with a premier shopping destination and an unparalleledAsian shopping experience.
The Korean group began its supermarket business in Vietnamand Indonesia in 2008. To date, it has had 64 stores throughout Vietnam andIndonesia, and is planning to expand its system to Malaysia, Singapore and Cambodia./.
Lotte is on the way to expanding its presence in Asia by launching Lotte Mall West Lake Hanoi – a mega commercial complex with the concept of “A One-Day Trip in the City”, aiming to offer Vietnamese people a number one shopping experience in the region.
Located inside Lotte Mall West Lake Hanoi, the Lotte World Hanoi Aquarium is an ideal entertainment venue for local residents as well as domestic and international visitors. The aquarium combines the beauty of Vietnamese culture with nature, using modern technology from around the world.
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Lotte Mall West Lake Hanoi (Photo courtesy of the shopping centre) 
