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THE INVESTOR
December 15, 2019
Big Reunion

Retail & Consumer

Lotte Duty Free opens third store in Vietnam

  • PUBLISHED :July 28, 2019 - 16:27
  • UPDATED :July 28, 2019 - 16:27
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Lotte Duty Free said on July 28 that its third duty-free store in Vietnam has opened at Hanoi’s Noi Bai International Airport, a year after its second outlet was launched in Nha Trang. 

Spanning over 506 square meters, the store inside the departure area in Hanoi Airport sells perfumes, cosmetics, liquor, tobacco, food, and more, from 90 brands. It also exclusively sells products from 21 brands including South Korea’s History of Whoo.

The duty-free operator said it expects sales at the store to reach 200 billion won ($168 million) over the next decade.

Lotte Duty Free first entered Vietnam by opening a store at Da Nang International Airport in 2017, the first Korean duty-free operator to do so.

It aims to open a downtown city duty-free store in Da Nang this year and open outlets in other tourist locations in Vietnamese cities.

The company currently operates 21 duty-free stores in eight countries including Korea.

By Kim Da-sol/The Korea Herald (ddd@heraldcorp.com)

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