Lotte Land is looking for investment opportunities in Dong Nai

(DN) - That was the statement of Mr. Kim Young Ju - General Director of Lotte Land Company Limited (Lotte Land for short) - at a meeting with leaders of Dong Nai province on the morning of October 6, 2022. Welcoming and working with the Lotte Land delegation were Vice Chairman of the Provincial People's Committee Vo Tan Duc and leaders of the related departments and agencies.


The meeting between leaders of the Provincial People's Committee and Lotte Land

According to Mr. Kim Young Ju, Lotte Land is a member of Lotte Group, specializing in implementing complex projects in Vietnam. Dong Nai is a province with great potential for development, Lotte Land continues to seek investment opportunities in the province through cooperation with existing investors, transferring housing projects as well as industrial parks near the Long Thanh airport.

Currently, Lotte Land is researching 3 projects in the province in the form of joint venture and transfer. As a foreign developer, Mr. Kim Young Ju wishes to receive support from Dong Nai in matters related to legal procedures.

Noting the suggestions from Lotte Land, Vice Chairman of the Provincial People's Committee Vo Tan Duc affirmed that Dong Nai always encourages and creates favorable conditions for foreign businesses to invest, especially Korean companies.

According to Vice Chairman of the Provincial People's Committee, Korea is the country with the most investors in Dong Nai with 426 projects, total investment capital of 7.2 billion USD. Particularly in the 9 months of 2022, Dong Nai recorded 9 projects invested by Korea in the industrial zones of the province with a total registered capital of over 186 million USD. As for Lotte Group, it is currently investing in a Lotte Mart supermarket near AMATA Industrial Park.

Sharing about the potentials as well as attracting foreign investment in Dong Nai, Vice Chairman of the Provincial People's Committee Vo Tan Duc said: “Dong Nai always wishes to strengthen the cooperation in economic development as well as cultural exchange with Korean partners. Over the past time, Korean-invested projects in Dong Nai have operated quite stably, contributed a lot to the local budget, and created jobs for 171,000 local workers.

Ngoc Lien (