Seoul, Sept. 16 -- Retail giant Lotte Shopping from the Republic of Korea (RoK) has unveiled plans to open an additional two to three large-scale shopping malls in major Vietnamese cities by 2030, underscoring the country's growing role in the group's international expansion strategy.

The announcement was made by Lotte Shopping CEO and Vice Chairman Kim Sang-hyun at the "CEO IR Day" held in Seoul on September 15. The company said the expansion is part of its accelerated "Transformation 2.0" strategy, which aims to strengthen overseas operations while developing new retail technology-driven businesses as future growth engines.

Lotte Shopping currently operates three department stores and 16 supermarkets in Vietnam, alongside one departme...