Vinpearl JSC (a subsidiary of Vingroup) and Sun Group JSC’s Phu Quoc Sun Joint Stock Company (a member of Sun Group Corporation) both reported a surge in profits in the first half of 2024.
Specifically, according to the announcement on HNX, Vinpearl JSC achieved VND 2,600 billion in post-tax profits in the first six months of 2024, 3.8 times higher than the same period last year. Meanwhile, Sun World Phu Quoc reported a profit of over VND 825 billion, turning around from a loss in the previous year.
Sun World Phu Quoc Joint Stock Company is the direct operator and manager of the investment project for the cable car and the sea entertainment complex on Hon Thom (Phu Quoc), also known as Sun World Hon Thom Nature Park. The project commenced operations in 2018, featuring the world’s longest three-wire cable car, spanning nearly 7,900 meters.
In late December 2023, the company introduced several entertainment facilities and products in Sunset Town, including the iconic Kissing Bridge, a night market by the sea, and the nightly show, Kiss of the Sea, all of which attracted a significant number of visitors.
Sun World Hon Thom Nature Park
Vinpearl, on the other hand, is Vietnam’s leading tourism and resort brand, boasting a portfolio of five-star and international-standard hotels and beach villas. Starting with Vinpearl Resort Nha Trang, the company has expanded over 20 years to encompass 30 hotels and resorts with a total capacity of more than 15,900 hotel and villa rooms across 17 renowned Vietnamese tourist destinations, including Phu Quoc, Nha Trang, Danang, Hoi An, and Ha Long.
The $5 Billion Dollar International Transit Hub: Unveiling Plans for a 50 sq. km Port in Hai Phong
Kien Thuy District, in the vibrant city of Hai Phong, is set to undergo a remarkable transformation with the development of Nam Do Son Port. This ambitious project boasts a staggering estimated investment of 5 billion USD. Once realized, Nam Do Son Port will serve as a state-of-the-art gateway, facilitating the seamless transshipment of goods for both domestic and international markets in Vietnam.
The Next Big Thing: Vietnam’s Upcoming Mega Facility in a Promising Sector
This state-of-the-art factory is set to be constructed in a province of Vietnam, with an impressive initial investment of approximately $200 million.
Unlocking Project and Land Impasses: Navigating Audit Findings and Court Rulings
The Ministry of Natural Resources and Environment will promptly draft a proposal to address challenges and obstacles in handling violations related to land use duration, land allocation, and land leasing without auctions, and land price determination.
Unlocking New Flavors: Vietnamese Passionfruit and Australian Apricots Take Center Stage
Australia has taken yet another stride forward in its agricultural endeavors, announcing a new agreement to export plums to Vietnam in the coming months.
