Lotte Mart opens 10th supermarket in Vietnam, to have 60 stores by 2020
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The South Korean retailer Lotte Mart on Thursday opened its 10th supermarket in Vietnam in Tan Binh District of HCM City, contributing to its expansion nationwide.
Located at 20 Cong Hoa Street, Lotte Mart Tan Binh has investment capital of USD9 million and covers an area of over 8,500square metres.
The supermarket operator, which came to Vietnam in 2008, plans to have 60 stores nationwide by 2020.
Questions & Answers
Q.Where is Lotte Mart's 10th supermarket in Vietnam located?
Where is Lotte Mart's 10th supermarket in Vietnam located?
The new Lotte Mart store is located at 20 Cong Hoa Street in Tan Binh District of HCM City. It is part of the retailer's expansion efforts across Vietnam.
Q.What is the planned number of Lotte Mart stores in Vietnam by 2020?
What is the planned number of Lotte Mart stores in Vietnam by 2020?
Lotte Mart plans to have a total of 60 stores nationwide by 2020. This indicates a significant expansion from their current number of ten supermarkets.
Q.How much capital was invested in the new Tan Binh supermarket?
How much capital was invested in the new Tan Binh supermarket?
The Lotte Mart Tan Binh store represents an investment of USD9 million. It covers an area of over 8,500 square metres, contributing to its nationwide expansion.
Q.When did Lotte Mart first begin operating in Vietnam?
When did Lotte Mart first begin operating in Vietnam?
The South Korean retailer Lotte Mart first entered the Vietnamese market in 2008. They have been expanding their presence steadily since then, culminating in their tenth store opening.
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