Vinpearl is about to list nearly 1.8 billion shares

With 1.8 billion shares in circulation, Vietnam's leading resort company is valued at nearly VND130,000 billion - in the top 15 companies by largest capitalization on HoSE.

This is also the fourth company in the Vingroup ecosystem to list shares on HoSE, along with Vingroup Corporation - Joint Stock Company (code VIC), Vinhomes Joint Stock Company (code VHM), Vincom Retail Joint Stock Company (code VRE). As of May 7, the total capitalization of the four enterprises is about VND 736,478 billion.

Vinpearl currently owns, manages and operates 48 facilities in 18 provinces and cities nationwide.

Vinpearl is headquartered on Hon Tre Island, Nha Trang, Khanh Hoa. In 2024, Vinpearl was honored by Brand Finance - the world's leading brand valuation organization - as the strongest brand in Vietnam, and entered the Top 3 strongest brands in Southeast Asia with an impressive brand value growth of 34%. Vinpearl is also the only brand in the tourism sector to be included in the "Top 50 most valuable brands in Vietnam".

Starting from the Vinpearl Resort Nha Trang complex, after more than 21 years of development, Vinpearl now owns, manages and operates 48 facilities in 18 provinces and cities nationwide. Vinpearl's portfolio includes 31 hotels and resorts with a total capacity of over 16,100 rooms, 4 theme parks, 5 entertainment areas, 1 semi-wild animal conservation and care park, 1 water park, 1 equestrian academy, 4 golf courses, and 1 culinary convention center.

In order to enhance and internationalize the Vinpearl brand in the hotel and resort sector, from 2022, Vinpearl has cooperated with Melía Hotels International and Marriott International to manage 23 hotels and resorts, promising to bring diverse experiences to domestic and foreign tourists.

With a diverse portfolio of assets, Vinpearl pioneers in developing a cluster model, attracting millions of domestic and international tourists every year, typically the complex of hotels, resorts, golf courses and amusement parks in Nha Trang, and the complex of hotels, resorts, golf courses, amusement parks and wildlife care and conservation parks in Phu Quoc.

In 2025, Vinpearl aims for net revenue of VND 14,000 billion and after-tax profit of VND 1,700 billion.

Vinpearl's facilities are continuously honored at prestigious global awards such as TripAdvisor's "Best of the Best" award and the World Travel Award, affirming the brand's leading position in the tourism and resort industry.

Immediately after the Covid-19 pandemic, Vietnam's leading resort tourism brand was one of the businesses that quickly restarted the international market when Vietnam reopened. The company proactively took the lead in many new entertainment trends and organized a series of international events, contributing to raising the status of domestic destinations, bringing the world's best to Vietnam, and at the same time strongly promoting national tourism.

In the context of the Vietnamese tourism market clearly improving in 2023 and 2024 with strong growth in domestic and international visitors, Vinpearl recorded impressive growth, thereby continuing to consolidate its leading position and contributing significantly to the overall recovery of the Vietnamese tourism market.

By the end of 2024, the company's net revenue will reach VND 14,376 billion, profit after tax will reach VND 2,550 billion, up 55% and 280% respectively compared to 2023. In the first quarter of 2025, net revenue from core business activities (including hotel services, tourism, entertainment and related services) will reach VND 2,435 billion, up 45% over the same period last year.

Along with that, gross profit from this business activity also recorded an impressive growth of 83% compared to the first quarter of 2024, reaching VND 450 billion. Total operating revenue (including facilities managed by Vinpearl) reached nearly VND 12,800 billion in 2024, and nearly VND 3,900 billion in the first quarter of 2025, corresponding to growth rates of 36% and 33% respectively over the same period.

Going forward, Vinpearl said it will continue to aggressively expand its infrastructure system, with plans to open many new hotels, amusement parks and golf courses. The company will also promote innovative tourism products to enhance customer experience.

At the 2025 Annual General Meeting of Shareholders, Vinpearl's business plan was approved with an estimated net revenue target of about VND 14,000 billion and an expected after-tax profit of about VND 1,700 billion for the whole year of 2025.

"With impressive business results and a strong investment strategy, Vinpearl continues to affirm its leading position in the tourism and resort sector. Vinpearl's official listing on the stock exchange (HOSE) helps open up opportunities to access new capital sources for businesses, improve the quality of the management system to accelerate development, and at the same time create momentum for the Vietnamese stock market in the coming time," said a company representative.

Source: https://dantri.com.vn/kinh-doanh/vinpearl-sap-niem-yet-gan-18-ty-co-phieu-20250508150144653.htm