Lotte opens third duty-free store in Vietnam

Tuesday, 30/07/2019 17:10
The Lotte Duty Free Company of the Republic of Korea on July 28th opened a duty-free store at the Noi Bai International Airport.

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The grand opening in Hanoi

This is the company’s third such store in Vietnam, after the launch of the second in Nha Trang.

Covering over 500 square meters, the store sells perfumes, cosmetics, alcohols, cigarettes, food and items of 90 different brands.

It also exclusively distributes products of 21 trademarks, including those of the RoK like the History of Whoo.

Its sales are expected to hit KRW200 billion (USD168 million) in the next 10 years.

Lotte Duty Free appeared in Vietnam in 2017 with its first store opening in Da Nang International Airport.

As planned, the company will open another duty-free store in the center of Da Nang this year and more in other tourism destinations in Vietnam. 

Lotte Duty Free is now operating 21 stores in eight countries, including the RoK./.

BTA

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