Deputy PM receives CEO of Lotte Card

Deputy PM Vuong Dinh Hue receives CEO of Lotte Card Kim Chang-kwon,  Ha Noi, September 6,  2018

At the reception, Kim Chang-kwon said since its operations in Viet Nam in 1996, Lotte Corporation now has 18 companies in Viet Nam with nearly 16,000 employees, 308 points of sale and shops. In late 2017, Lotte earned US$1 billion in revenue. 

In Viet Nam, Lotte Card now has about 1.5 million clients in supermarkets and shopping centres. The purchase of Techcombank’s financial company will make it easier for Lotte Card to grow, he said. 

With years-long experience in finance and credit, Lotte Card wants to contribute its experience to Viet Nam’s development regarding payment via cards and mobile phones, fintech, findata, and doing business on digital platform, he said.

In turn, Deputy Prime Minister Vuong Dinh Hue assured the Vietnamese Government is supportive of Lotte group’s expansion into business fields of strength, including consumer finance.

Mr. Hue said the Vietnamese Government is keen to improve consumer finance via fintech and mobile payment technologies, contributing to the promotion of cashless payment. 

The Deputy PM also called attention to retail, including bringing more Vietnamese products to Lotte’s shopping malls, especially those under the “One Commune, One Product” programme. 

                                                                                                                    By Vien Nhu