Lotte duty free hà nội

VIETNAM.

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South Korean travel retail giant Lotte Duty Free is to open a 1,598sq m duty free store at the upscale Trang Tien Plaza in the centre of Hanoi next December. Lotte Duty Free signed a contract with renowned Vietnamese retailer IPPG, which operates Trang Tien Plaza, in the capital yesterday.

The contract was struck to “preemptively prepare” for a recovery in travel demand after the COVID-19 pandemic eases, Lotte Duty Free said.

IPPG, founded in 1985, is the pioneer of Vietnam’s luxury & travel retail sectors. It claims a 70% tóm tắt of the Vietnamese luxury market. Subsidiary IPPhường Travel Retail operates a range of stores, food và beverage outlets & advertising services at Tan Son Nhat, Noi Bai, Da Nang & Phu Quoc airports as well as lvà border duty free shops.

The store will be opened on the sixth floor of Trang Tien Plaza after a year’s preparation. Trang Tien Plaza is the oldest luxury shopping mall in Hanoi, boasting over 110 luxury boutiques và global fashion brands.


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Celebratory moments in Hanoi after the agreement is struông chồng to lớn open a world-class duty không lấy phí store in the heart of the Vietnamese capital


It is located near Hoàn Kiếm Lake, a freshwater lake in the historical heart of the city which surrounds the famous Ngoc Son Temple, a pagodomain authority that sits on a small islvà in the centre. The lake is one of Hanoi’s most popular tourist destinations and will help draw big crowds to lớn the new store, Lotte Duty Free said.

The signing ceremony in Hanoi was attended by company executives & VIPs, including Klặng Eui Joong, Commercial Counsellor of Embassy of the Republic of Korea in Vietnam; Park Suk Won, Head of Lotte Duty Free’s Vietnamese business; Park Chang Young, Head of Lotte Duty Free Global Business HQ; Nguyen Manh Quyen, Vice Chairman of the Hanoi People’s Committee; and Johnathan Hanh Nguyen, Chairman of IPP.. Group.

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Trang Tien Plaza was inspired by classical French architecture. In 2013, IPPhường Galleria invested over US45 million to lớn renovate & construct over 110 retail stores across multiple upscale categories including fashion, cosmetics, watches, jewellery, leathergoods, shoes, và food.


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IPPG Chairman Johnathan Hanh Nguyen is one of Vietnam’s most respected & influential business figures. He is a pioneer of the luxury and travel retail sectors & airport non-aeronautical revenues. He is also Chairman of Southern Airports Services Joint Stochồng Company (SASCO) & of Cam Ranh International Airport Company


The Lotte Duty Free Hanoi downtown store will feature a differentiated offer and environment allowing customers lớn experience a variety of experiences by combining Vietnamese cultural characteristics and Korean Wave sầu (Hallyu) content.

The interior will feature ratchảy cane materials khổng lồ evoke the atmosphere of Vietnam, while local destination merchandise & coffee shops will add to lớn the sense of place. In addition, a K-pop zone will be created so that customers can experience Hallyu culture.

A high-chất lượng hàng hóa offer will be anchored by leading international cosmetics và perfume names, as well as domestic beauty brands that are gaining considerable popularity abroad.

“We expect that overseas travel demvà will gradually recover from the second half of next year,” said Park Chang-young, head of Lotte Duty Free’s Global Business Division.

Lotte Duty Free currently operates 12 stores in six countries. In Vietnam giới, it has stores at Da Nang International Airport (opened May 2017), Cam Ranh International Airport (June 2018) & Hanoi’s Noi Bai International Airport (July 2019). It also plans lớn open a downtown store in Da Nang, a well-advanced project, once the crisis is over.


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IPPhường Travel Retail runs a diverse array of airport commercial services, including retail, food & beverage and advertising, plus duty không tính phí border stores