Lotte Vietnam Co., Ltd (Vietnam)

The subject - LOTTE VIETNAM CO.,LTD participated in producing confectionery products such as Xylitol chewing gum (sugar and no sugar), blowing gum (Bub-up, Doraemon, Fusen No Mi) and cookies (Koala's March, Toppo). Most prominently, Lotte Xylitol is a gum with the function of "preventing tooth decay" which was officially recognized by VOSA (Vietnam Odonto-Stomatology Association). Besides, the company also imports and sells ice cream.Because the subject's products are not essential, its output consumption was not favorable from 2020 to 2021 (under the impact of Covid-19 pandemic). At the end of 2022, the global economy faces a crisis and consumers are focused on tightening spending. Reality shows that profit in 2022 is not optimistic.Over 26 years of operation, nearly 20 member companies in Lotte Group have a presence in Vietnam, spanning many fields like food, chemicals, real estate, hotels, entertainment, retail, e-commerce, finance... Which, some companies with revenue of over trillions of VND are Lotteria, Lotte Mart and Lotte Chemical Vietnam. The subject is one of the member companies of Lotte Group. This company was established in 1996 and started operating its factory in 1998.All in all, Vietnam is a key destination in Lotte's expansion ambitions. To date, this group has spent more than KRW 10 trillion (USD 9.6 billion) on mergers and acquisitions abroad. In particular, Vietnam is considered the "trump card" of Lotte's campaign to penetrate foreign markets.According to the latest interview, the company has about 1,342 employees.