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On April 22, 2026, Vu Dai Thang, a member of the Communist Party's Central Committee, Deputy Secretary of the Hanoi City Party Committee, and Chairman of the Hanoi People’s Committee, welcomed Shin Dong-bin, Chairman of Lotte Group (Korea), who paid a courtesy visit and discussed issues of mutual interest.
Noting Lotte Group's contributions, Chairman Vu Dai Thang referred to the Lotte Hanoi Center (Liễu Giai) and Lotte Mall West Lake (Võ Chí Công), affirming that these projects demonstrate the close bond between Vietnam and Korea and position Hanoi as one of the leading investment and cooperation hubs in the country.
During the meeting, Chairman Vu Dai Thang said Hanoi plans to develop in a new phase toward a more civilized and modern city, identifying the Red River riverfront corridor as a new development symbol. He added that, alongside urbanization and upgrading urban infrastructure, Hanoi aims to create more room to expand cooperation with Korean partners in areas where they have strengths.
In this context, Hanoi’s Chairman said the city hopes Lotte will continue focusing on cooperation with the capital in areas of strength, including the development of a shopping center, a financial hub, and a smart city, as well as public transport. He said these would reinforce meaningful symbols of cooperation and contribute to the development of the two countries while elevating Vietnam–Korea relations.
From Hanoi’s side, the city committed to continue facilitating investment and development cooperation with Korean partners, including Lotte Group.
After more than 30 years in Vietnam, Shin Dong-bin stressed that Lotte has maintained a continuous flow of investment and has diverse plans to develop these core areas in the coming time. He also committed to contributing to Hanoi’s development and to future cooperation between the two countries.
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