Lotte Duty Free to open its second store in Vietnam
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Lotte Duty Free said Sunday that it has opened its second store in Vietnam at Nha Trang Cam Ranh International Airport as it strives to expand its presence in the Asian market and better serve Chinese and Russian visitors.
The company, a major player in the duty-free business, said its new store started operating Saturday, as the new passenger terminal at the airport opened for business. It said Lotte has the sole rights to operate the duty-free store at the airport until 2028.
The airport serves the Nha Trang area in the central part of the Southeast Asian country, with both domestic and international flights being offered to users.
Questions & Answers
Q.Which airport in Vietnam hosts Lotte Duty Free's new store?
Which airport in Vietnam hosts Lotte Duty Free's new store?
The new Lotte Duty Free store is located at Nha Trang Cam Ranh International Airport. This airport serves the Nha Trang area in the central part of the country.
Q.What is Lotte Duty Free's goal with this new opening?
What is Lotte Duty Free's goal with this new opening?
The company aims to expand its presence in the Asian market. It also hopes to better serve Chinese and Russian visitors to Vietnam.
Q.How long does Lotte Duty Free have the rights to operate at Nha Trang Cam Ranh International Airport?
How long does Lotte Duty Free have the rights to operate at Nha Trang Cam Ranh International Airport?
Lotte Duty Free has the sole rights to operate its duty-free store at the airport until 2028. This long-term agreement secured its position there.
Q.What was the timing of the new store's opening in relation to the airport terminal?
What was the timing of the new store's opening in relation to the airport terminal?
The new Lotte Duty Free store started operating on Saturday. This coincided with the opening of the new passenger terminal at Nha Trang Cam Ranh International Airport.
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