LOTTE VIETNAM SHOPPING JOINT STOCK COMPANY: South Korea’s Retail Giant Expands Deeply in Vietnam

LOTTE VIETNAM SHOPPING JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN TRUNG TÂM THƯƠNG MẠI LOTTE VIỆT NAM) is one of Vietnam’s largest foreign-invested retail corporations, backed entirely by South Korean conglomerate LOTTE. With over 18 years of operation, the company has developed a widespread network of LOTTE Mart supermarkets across Vietnam, catering to both domestic and international customers.

Corporate and Legal Structure

Established on October 24, 2006, and licensed by the Ho Chi Minh City Department of Planning and Investment, the company operates as a joint stock company under full foreign ownership.

• Business ID and TIN: 0304741634

• Charter Capital (Paid-up): USD 320.92 million

• Ownership Status: 100% foreign direct investment (FDI)

• Head Office: No. 469, Nguyen Huu Tho Street, District 7, Ho Chi Minh City

• Website: https://lottemart.com.vn

The company is a subsidiary of LOTTE SHOPPING HOLDINGS (SINGAPORE) PTE. LTD., which holds 100% of the shares. Although several other LOTTE-branded entities are listed in Vietnam, they do not hold shares in this retail arm.

Executive Leadership

• General Director: Mr. Shin Juback (South Korean)

• Chief Accountant: Ms. Trinh Thi Mai Lien (Vietnamese)

With a workforce of approximately 2,800 employees, the company oversees operations across multiple provinces, including branch locations in Binh Duong, Binh Thuan, and Dong Nai.

Business Activities

The company's core activity is the operation of LOTTE Mart, a well-known supermarket chain in Vietnam. Registered business activities include:

• Non-specialized wholesale and retail trade

• Manufacture and sale of bakery products and ready meals

• Food and beverage processing and retail

• E-commerce and mobile food service

• Property leasing and consultancy

• Insurance and commission agency services

This diverse range positions LOTTE Vietnam as a full-spectrum retail and lifestyle service provider.

Financial Highlights

LOTTE VIETNAM SHOPPING JSC reported strong recovery and profitability in 2023:

Key 2023 Financials:

• Total Assets: USD 404.11 million (↑2.11% YoY)

• Sales Revenue: USD 271.86 million (↑11.8% YoY)

• Net Profit: USD 12.86 million (↑741.52% YoY)

• Owner’s Equity: USD 250.04 million (↑59.34% YoY)

• Net Worth: USD 111.71 million

• Working Capital: USD -106.22 million

After suffering back-to-back losses in 2021 and 2022, the company returned to significant profitability in 2023. This impressive turnaround highlights the brand’s strong recovery post-COVID, effective cost control, and possible restructuring.

Strategic Outlook

As Vietnam’s retail market matures, LOTTE VIETNAM SHOPPING JOINT STOCK COMPANY is expected to play an even more critical role. Its large-scale investment, global management expertise, and broad operational base place it at the center of Vietnam’s consumer growth story.

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