Lotte Shopping sets overseas record as Hanoi megamall crosses $720 mil. milestone

Lotte Mall West Lake Hanoi has reached 1 trillion won ($720 million) in cumulative sales, setting a milestone for an overseas shopping complex operated by the Korean retail giant just three years after its launch. The achievement underscores the success of parent company, Lotte Shopping, which has aggressively expanded its overseas footprint by tailoring tenant mixes and entertainment offerings to local consumers. The Hanoi complex reached 100 billion won in sales just 122 days after opening in January 2024, passed 600 billion won last year and continued growing at an average quarterly rate of 20 percent before crossing the 1 trillion won threshold last month. Cumulative visitor numbers have exceeded 41 million, with more than 50,000 daily average visitors, making the complex one of Hanoi's major shopping and leisure destinations. Located in Tay Ho District, one of Hanoi's affluent neighborhoods, the complex combines shopping, culture and entertainment across a sprawling retail and leisure development. At its opening, 52 of its roughly 230 stores were brands making their Hanoi debuts, whi