Vinpearl Golf Nha Trang in Khanh Hoa Province, central Vietnam. Photo courtesy of Vinpearl
Vinpearl, the operator of resorts, theme parks and golf courses controlled by Vietnam’s top billionaire Pham Nhat Vuong, saw its revenue jumping 45% year-on-year to VND2.44 trillion (US$94 million) in the first quarter.
Its gross profit soared 83% to VND450 billion, according to its latest financial disclosure.
The results stemmed from a robust recovery in demand for tourism, events, and entertainment nationwide, coupled with strategies to enhance customer experiences and optimize operational efficiency across Vinpearl’s facilities, the company said.
In the first three months, guest numbers at Vinpearl hotels rose 18%, while VinWonders entertainment complexes welcomed 1.6 million visitors, a 29% increase from the previous year.
The company also reported strong visitor numbers from key markets such as India, the Middle East, the United States, and Europe.
This year, Vinpearl plans to aggressively expand its infrastructure, with new hotels, amusement parks, and golf courses set to open. The company aims for VND14 trillion in revenue and VND1.7 trillion in post-tax profit.
Vinpearl is a leading brand in hospitality and tourism, operating 48 properties across 18 localities. The company is preparing to list its shares and is expected to officially debut on the stock exchange in May.
Previously, Vinpearl was listed on the Ho Chi Minh Stock Exchange under the ticker VPL from early 2008. However, by late 2011, Vinpearl was merged with another company to form Vingroup, and VPL shares were converted into VIC shares.
