Vinpearl Spins Off Cua Hoi, Establishes New Company with Over 1.1 Trillion VND in Charter Capital

Vinpearl has spun off Vinpearl Cua Hoi, establishing a new entity named Cua Hoi Investment and Development Joint Stock Company, in which Vinpearl holds a 99.992% ownership stake.

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According to Vinpearl Joint Stock Company, to reorganize its subsidiary structure, on September 22nd, the Vinpearl Board of Directors approved the separation of Vinpearl Cửa Hội Joint Stock Company, a subsidiary, and the establishment of a new subsidiary based on this division.

The new company is expected to be named Cửa Hội Investment and Development Joint Stock Company, with its headquarters located on Bình Minh Street, Cửa Lò Ward, Nghệ An Province.

The anticipated charter capital is 1,137.4 billion VND, with Vinpearl contributing 99.992%.

It’s worth noting that Vinpearl Cửa Hội became a subsidiary of Vinpearl on February 14, 2025, after Vinpearl acquired 99.99% of its shares, equivalent to 1,263.8 billion VND, from Vingroup for 1,855 billion VND.

As of February 2025, Vinpearl Cửa Hội had total assets of 5,324 billion VND and liabilities of 4,455 billion VND.

In addition to Vinpearl Cửa Hội, Vinpearl has four other subsidiaries: Phúc An Tourism Investment and Development LLC, VinWonders Nha Trang Joint Stock Company, Landmark 81 Hotel Investment and Development Joint Stock Company, and Thanh Hóa Hotel Investment and Development Joint Stock Company.

According to Vinpearl’s data, in Q2/2025, the net revenue from core business activities (including hotel services, tourism, entertainment, and related services) across the entire Vinpearl system (including managed properties) reached nearly 4,100 billion VND. The company’s actual revenue was 2,717 billion VND, a 31% increase compared to the same period last year.

Additionally, gross profit from these activities grew by 183% compared to Q2/2024, reaching 657 billion VND. As a result, Vinpearl recorded an after-tax profit of 167 billion VND in Q2/2025.

Compared to Q2/2024, the number of hotel room nights sold by Vinpearl in Q2/2025 increased by 23%, and visitor numbers to VinWonders facilities rose by 24%. All target markets showed positive growth, particularly those where Vinpearl is focusing its expansion efforts, such as the United States, Europe, the Middle East, and India.

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