Business

Lotte to open second duty-free shop in Cam Ranh airport

Lotte Duty Free, the travel retail company of the Republic of Korea on November 27 announced that it will open the second duty-free shop in Cam Ranh airport next year.
Lotte to open second duty-free shop in Cam Ranh airport ảnh 1Lotte Duty Free announced that it will open the second duty-free shop in Cam Ranh airport next year. (Source: vietnamfinance.vn)

Seoul (VNA) – Lotte Duty Free, the travelretail company of the Republic of Korea on November 27 announced that it willopen the second duty-free shop in Cam Ranh airport next year.

According to the company, it has been granted permission,valid until 2028, to open a duty-free store at the new terminal of the Cam RanhInternational Airport in the first half of 2018.

The new store is hoped to earn revenue of up to 700 billionKRW (664 million USD) in the next 10 years.

Lotte Duty Free opened a similar store at Da NangInternational Airport in early November, making it the first RoK duty-free retailerthat has entered Vietnam’s market.

Lotte Duty Free is the travel retail arm of RoK conglomerateLotte Group, with six duty-free stores in Vietnam, Indonesia, Japan, Thailandand Guam.-VNA
VNA
#Lotte Duty Free#travel retail company#Republic of Korea#Cam Ranh#duty-free shop#Cam Ranh International Airport#Da Nang International Airport#Vietnam#VietnamPlus#Viet Nam News
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