Lotte Mall West Lake Hanoi Officially Opens, Becoming a Landmark in Vietnam
On the 22nd, Lotte Group’s key project in Vietnam, Lotte Mall West Lake Hanoi, celebrated its grand opening and commenced full-scale operations. Attending the ceremony were prominent figures such as Lotte Group Chairman Shin Dong-bin, Lotte Distribution Group Vice Chairman Kim Sang-hyun, Lotte Department Store CEO Jeong Jun-ho, Korean Ambassador to Vietnam Choi Young-Sam, Chairman of Hanoi City People’s Committee Tran Sy Thanh, and Bui Xuan Dung. The Vice Minister of Construction and other dignitaries also graced the event. The opening ceremony was marked by the presence of Chairman Shin’s eldest son, Shin Yu-yeol, who is the managing director of Lotte Chemical.
Lotte Mall Westlake, situated on Vo Chi Cong Road, Tay, Hanoi City, is Vietnam’s largest integrated shopping mall, boasting a total floor area of 354,000㎡ (107,000 pyeong). The mall features Lotte Mart, a shopping center, a hotel with a focus on grocery stores, residences, Hanoi’s largest aquarium, a movie theater, and office facilities. The shopping center alone spans 222,000 m2 of the total area.
In his opening ceremony speech, Chairman Shin Dong-bin expressed his hope that Lotte Mall Westlake will become a prominent landmark in the beautiful city of Hanoi and contribute to the local economy and the overall development of Vietnam.
Exceptional Popularity During Trial Period
Lotte Mall Westlake has quickly established itself as a landmark in Hanoi, attracting an astounding two million visitors during its trial period of less than two months. The mall has seen an average of 25,000 visitors per day on weekdays and 50,000 visitors per day on weekends, with more than half of the visitors being individuals under the age of 35.
The highly popular Lotte Mart, which opened on the 8th, has been receiving over 20,000 customers per day during the initial three days of operation. Meanwhile, Lotte World Aquarium has welcomed an average of 10,000 visitors per day, particularly during the Vietnamese Independence Day holiday on the 1st and 4th of September. Additionally, Lotte Cinema has gained considerable popularity, ranking as the second most visited movie theater in the country since its opening.
The immense popularity of Lotte Mall Westlake can be attributed to its wide array of convenient facilities for families, as well as the allure of excellent brands and the cultural influence of Korean cuisine and pop culture.
Lotte Group’s Long-standing Presence in Vietnam
Lotte Group has been operating in Vietnam since 1996, currently running a total of 19 affiliated companies, including department stores, supermarkets, hotels, and cinemas. Notably, the ongoing Eco Smart City project in Thu Thiem District, Ho Chi Minh City, serves as another flagship project for Lotte Group in addition to Lotte Mall Westlake. This large-scale project aims to construct a residential, financial, and commercial complex spread over an area of approximately 25,000 pyeong, with an investment of about $870 million (1.162 trillion won).
With the official opening of Lotte Mall Westlake, the Lotte Group reaffirms its position as a leader in Vietnam’s retail and entertainment industry, continuously contributing to the country’s development and prosperity.
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– Grand opening ceremony… Chairman Shin Dong-bin, Chairman of Hanoi City People’s Committee, etc. attended.
– Total floor area of 354,000㎡… Shopping mall, hotel, residence, aquarium, movie theater, etc.
– Pre-opening on 28 July, 2 million visitors in two months… A landmark comes to mind
Lotte Group Chairman Shin Dong-bin (top photo) greets at the grand opening ceremony of ‘Lotte Mall Westlake Hanoi’. Lotte Mall Westlake, built on Bo Chi Cong Road, West Ho-gun, Hanoi, is the largest complex shopping mall in Vietnam with a total floor area of 354,000 m2 (107,000 pyeong) which includes a mart, shopping mall, hotel / residence, aquarium, movie theater, and office facilities. (Photo = Lotte Shopping)
[인사이드비나=김동현 기자/ 하노이, 떤 풍(Tan phung) 기자] Lotte Group’s key project in Vietnam, Lotte Mall West Lake Hanoi (Lotte Mall West Lake Hanoi), officially opened on the 22nd and began full-scale operation.
On this day, Lotte Shopping held a meeting with the CEOs of its affiliates, including Lotte Group Chairman Shin Dong-bin, Lotte Distribution Group Vice Chairman Kim Sang-hyun, Lotte Department Store CEO Jeong Jun-ho, Korean Ambassador to Vietnam Choi Young-Sam, Chairman of Hanoi City People’s Committee Tran Sy Thanh, and Bui Xuan Dung. A grand opening ceremony was held with the Vice Minister of Construction and others present. Chairman Shin’s eldest son Shin Yu-yeol, managing director of Lotte Chemical, was also present at the opening ceremony.
Lotte Mall Westlake, located on Vo Chi Cong Road, Tay, Hanoi City, is Vietnam’s largest complex shopping mall with a total floor area of 354,000㎡ (107,000 pyeong). It includes Lotte Mart, a shopping mall, and a hotel focusing on grocery stores. Residences, Hanoi’s largest aquarium, a movie theater, and office facilities were built. Of the total area, the shopping center covers 222,000 m2.
Chairman Shin Dong-bin said in his greeting at the opening ceremony that day, “I hope Lotte Mall Westlake will establish itself as a landmark in the beautiful city of Hanoi and contribute to the local economy and the development of Vietnam.”
A view of the interior facilities of Lotte Mall Westlake Hanoi. Lotte Mall Westlake Hanoi pre-opened on 28 July and became so popular that 2 million people visited during the trial period of less than two months, emerging as a landmark in Hanoi City. (Photo = Lotte Shopping)
Lotte Mall Westlake is a Ciputra Mall shopping center project originally promoted by Vietnamese real estate developer Nam Thanh Long Urban Development. Lotte Group acquired it in 2017 and invested $643 million (about KRW 850 billion) Completed, opened on hand on 28 July for trial. operation.
Lotte Mall Westlake has emerged as a landmark in Hanoi, gaining great popularity with nearly 2 million people visiting during its temporary operation period of less than two months. The average number of visitors per day is 25,000 during the week and 50,000 at weekends, and in particular, it is said that more than half of the visitors are young people under 35 years of age.
Lotte Mart, which opened on the 8th, averaged over 20,000 customers per day for the first three days, and Lotte World Aquarium averaged 10,000 visitors per day from the 1st to the 4th during the Day holiday Vietnam’s independence on the 1st. i 4. Lotte Cinema, a movie theater, was first in Hanoi and second in the country in terms of the cumulative number of visitors since opening.
The popularity of Lotte Mall Westlake is interpreted to be due to the diverse and convenient facilities for family customers, the attraction of excellent brands, and the Korean Valley such as K-food and K-pop.
Since Lotte Group first entered Vietnam in 1996, a total of 19 affiliated companies, including department stores, supermarkets, hotels and cinemas, operate businesses there.
In particular, the Eco Smart City project being promoted in Thu Thiem District, Ho Chi Minh City, is another core project of the Lotte Group together with the recently opened Lotte Mall Westlake. Eco Smart City is a large-scale project that will build a residential, financial and commercial complex on a site of about 25,000 pyeong by investing about 870 million dollars (1.162 trillion won).
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