Prime Minister Nguyen Xuan Phuc applauded production and business activities as well as social welfare programmes of the Republic of Korea (RoK)’s Lotte Group in Vietnam while receiving its Vice Chairman Hwang Kag-gyu in Hanoi on March 8.
Prime Minister Nguyen Xuan Phuc (R) and Lotte Group's Vice Chairman Hwang Kag-gyu. (Source: VNA)
Hanoi (VNA) - Prime Minister Nguyen Xuan Phucapplauded production and business activities as well as social welfareprogrammes of the Republic of Korea (RoK)’s Lotte Group in Vietnam while receivingits Vice Chairman Hwang Kag-gyu in Hanoi on March 8.
The leader expressed his impressions of Lotte’s operation inVietnam with 16 subsidiaries, four factories and 280 stores, covering suchareas as commercial centre, supermarket, hotel, cinema and confectionery.
Lotte plays an important role in the RoK’s investment inVietnam, the PM emphasised.
He called on the group to help Vietnam market itsagricultural products in the RoK and produce plastics, chocolate and other industrialproducts in service of exports, while assisting the country in churning out newtechnological products amidst the fourth industrial revolution.
For his part, Hwang affirmed that Lotte has regarded Vietnamas a key market and wants to become the country’s trustworthy partner,contributing to national economic development.
Lotte’s subsidiaries always consider themselves Vietnamesecompanies, he said, noting his belief that Lotte will make more contributionsto improving living standards of local people.
Hwang took the occasion to brief the Vietnamese leader onLotte’s upcoming projects in Vietnam, including a project on cacao cultivation,an EP factory in the Central Highlands province of Lam Dong, the Thu Thiem ecosmart city in Ho Chi Minh City and the Lotte Mall Hanoi project.
Lotte also plans to purchase difficulty-ridden Vietnamesefinancial companies and invest in information-technology and goodstransportation in the country, according to the Vice Chairman.
Besides, Lotte has constructively participated in trainingyoung Vietnamese footballers, set up a scholarship fund for Vietnamesestudents, opened Korean language classes for young people in the centralprovince of Thua Thien-Hue and helped build schools in Hanoi and HCM City, headded.
Hwang called for the support of PM Phuc as well as competentVietnamese agencies for his group’s production and business activities in the timeahead, stressing that Lotte will use cutting-edge, environmentally friendlytechnologies and continue to assist Vietnamese start-ups.
PM Phuc said Lotte’s successes will significantly contributeto deepening the relationship between Vietnam and the RoK, and pledged tocreate the best possible conditions for the group to operate in Vietnam in thelong term.-VNA
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Prime Minister Nguyen Xuan Phuc (R) and Lotte Group's Vice Chairman Hwang Kag-gyu. (Source: VNA) 
