People’s Committee chairman Nguyen Thanh Phong and Lotte chairman Shin Dong Bin witnessed the signing. Phong praised the group, which has had many major investments in Vietnam and become a well-known brand in the country. He vowed to continue creating favourable conditions for foreign investors, including the Lotte Group, to help them operate effectively and profitably in the city. Affiliates like Lotte Asset Development, Lotte Shopping, Hotel Lotte and Lotte Engineering & Construction will participate in the project. Lotte has escrowed around 2 trillion dong for fees for six lots of land.

Source: The Nation Bangkok July 27, 2017 05:03 UTC