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Tag: Vinpearl

  • Vinpearl CEO Resigns Amid Revenue Decline, Remains on Board: Search for Successor Underway

    Vinpearl CEO Resigns Amid Revenue Decline, Remains on Board: Search for Successor Underway

    Dang Thanh Thuy, who most recently held the position of CEO at Vinpearl, the hospitality division of Vingroup conglomerate, has tendered his resignation. Despite his resignation as CEO, Thuy will continue to serve on the Vinpearl board.

    Immediate Successor Yet to Be Named

    The news of Thuy’s departure from the CEO position was made public on a recent Thursday. However, Vinpearl has not yet announced who will take over the role or the specific reasons for Thuy’s resignation.

    About Dang Thanh Thuy

    Thuy, aged 56, holds a Bachelor’s degree in literature. He has been part of Vinpearl since 2004. Thuy has had a significant career with Vinpearl, having held the position of chairman from January 2023 to March 2024. Moreover, he has also served as Vingroup’s deputy CEO from 2012 to 2016.

    Overview of Vinpearl

    Recognized as one of Vietnam’s leading hospitality brands, Vinpearl boasts a vast portfolio of 48 hotels, resorts, theme parks, and golf courses, spread across 18 cities and provinces in the country.

    Vinpearl’s Financial Performance

    The third quarter of 2025 saw the hospitality giant report revenues of VND3.09 trillion (US$117.5 million), indicating a significant drop by 40.7% compared to the previous year. The company’s post-tax profits for the same period were marked at VND169 billion, showing a decline by 66.6%. Furthermore, the company’s profits for the first nine months fell by 86%.

    Vinpearl is 85% owned by Vingroup, a conglomerate chaired by billionaire Pham Nhat Vuong.

    Questions & Answers

    Who is Dang Thanh Thuy?
    Dang Thanh Thuy is the former CEO of Vinpearl, a division of Vingroup conglomerate. He joined Vinpearl in 2004 and has contributed significantly to the company in various roles.

    Who will replace Dang Thanh Thuy as CEO of Vinpearl?
    The successor to Dang Thanh Thuy as CEO of Vinpearl has not yet been announced following his recent resignation.

    How has Vinpearl’s financial performance been in recent times?
    Vinpearl’s third quarter report of 2025 showed a significant drop in revenues and post-tax profits, with a year-on-year decline of 40.7% and 66.6% respectively. The company’s profits for the first nine months fell by 86%.

  • Vinpearl CEO Dang Thanh Thuy Steps Down: A Turn of Tide in Vietnam’s Hospitality Giant

    Vinpearl CEO Dang Thanh Thuy Steps Down: A Turn of Tide in Vietnam’s Hospitality Giant

    Dang Thanh Thuy has stepped down from her position as chief executive officer of Vinpearl, Vingroup’s resort division. Despite her resignation, Thuy continues to hold a seat on the organization’s board. Vinpearl has not yet announced a successor or the reasons behind Thuy’s departure.

    Background of Dang Thanh Thuy

    Thuy, 56, holds a Bachelor’s degree in literature. She joined the ranks of Vinpearl in 2004 and has held significant positions in the company over the years. She served as the chairman of Vinpearl from January 2023 to March 2024, and from 2012 to 2016, she was the deputy CEO of Vingroup.

    Vinpearl’s Status in the Hospitality Industry

    Vinpearl stands as one of the foremost hospitality brands in Vietnam, boasting an impressive portfolio of 48 hotels, resorts, theme parks, and golf courses spread across 18 provinces and cities.

    Financial Performance

    In the third quarter of 2025, Vinpearl reported revenues of VND3.09 trillion (US$117.5 million), marking a 40.7% decrease year-on-year. The company’s post-tax profits stood at VND169 billion, falling 66.6%. Furthermore, its profits for the first nine months of the year saw a drastic decline, plummeting by 86%.

    Vinpearl is primarily owned by Vingroup, with an ownership stake of 85%. The conglomerate’s chairman is renowned billionaire, Pham Nhat Vuong.

    Questions & Answers

    Who was the previous CEO of Vinpearl?
    Dang Thanh Thuy was the former CEO of Vinpearl.

    What significant positions did Dang Thanh Thuy hold in Vinpearl and Vingroup?
    Dang Thanh Thuy served as the chairman of Vinpearl from January 2023 to March 2024 and was the deputy CEO of Vingroup from 2012 to 2016.

    What was the financial performance of Vinpearl in the third quarter of 2025?
    In the third quarter of 2025, Vinpearl reported revenues of VND3.09 trillion (US$117.5 million), a 40.7% decrease year-on-year. The company’s post-tax profits stood at VND169 billion, a decrease of 66.6%.

  • Samsung, Vinpearl, Vinamilk among most popular recruiters in Vietnam

    Vinamilk, Vinpearl, Samsung Electronics HCMC and McDonald’s are among the most popular recruiters in Vietnam this year, according to recruitment platform CareerViet.

    The top five recruiters in the large business category are Vinamilk, Vinpearl, Samsung Electronics HCMC CE Complex, Masan Consumer and FPT IS, while the top five in the medium business category are McDonald’s, Guardian, Prep Technology, Nabati and Petrovietnam Securities Incorporated (PSI), according to a CareerViet survey on over 5,720 businesses from July 7 to October 31.

    Vinpearl is the leading recruiter in food and beverage, accommodations and tourism, while the Hoa Sen group is the leading recruiter in construction, architecture and interior design. PNJ is the leading recruiter in retail, while Bim Group is the leading recruiter in real estate.

    Popular recruiters are liked not only due to their attractive benefits, diverse working environments and incentives for personal development, but also thanks to their own brands, CareerViet said.

    The survey also revealed that while Gen X workers prioritize stability and long-term benefits, Gen Y values development and work-life balance while Gen Z focuses more on flexibility, salaries and personal development.

    83% of Gen Z workers surveyed said the main factors for them choosing their jobs are salaries and benefits, followed by working styles. They prefer workplaces that ensure holiday bonuses, have shorter working hours or offer hybrid working methods.

    “They love a job with high incomes and ensures flexibility. 90% of Gen Z workers want to be trained in new skills, including communication, problem-solving, foreign languages, management and leadership,” said Tran Lien Phuong, director of research and strategic consulting at Amco Vietnam.

    Workers’ perspectives from different generations will by a key factor for businesses to improve their HR policies, CareerViet said, adding that a workplace with different worker generations will help make it more competitive.

    “A business’s success is not only shown through its business performance, but also policies to attract, keep and develop talents,” CareerViet said.

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  • Vinpearl loss triples as pandemic hits tourism

    Vinpearl loss triples as pandemic hits tourism

    Vinpearl Jsc, the hospitality and entertainment arm of conglomerate Vingroup, saw first-half losses triple year-on-year due to the impacts of the coronavirus pandemic.

    The operator of premium resorts and theme parks recorded a loss of nearly VND5.1 trillion ($220 million), up from VND1.69 trillion.

    Its debt to equity ratio rose to 22.57 at the end of H1 from 2.2 a year earlier.

    The rising loss and debts were the result of the pandemic crippling the tourism and hospitality industries in Vietnam since the first quarter.

    In March Vinpearl shut down some of its resorts and golf courses amid travel restrictions and dwindling demand.

    The company recently raised VND865 billion through three-year bonds. In 2018 and 2019 it had issued a total of VND14.3 trillion worth of bonds.

    The company operates 43 resorts and hotels nationwide with over 17,000 rooms, golf courses, theme parks, and a safari park.

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  • Tallest Mekong Delta building opens

    Tallest Mekong Delta building opens

    The Vinpearl Cần Thơ Hotel, the first five-star hotel in the southern city of Cần Thơ, was inaugurated last weekend, becoming the tallest building in the Mekong Delta region.

    Vinpearl Cần Thơ Hotel, with 30 floors and a three-story lobby, is the ninth hotel in the chain of Vinpearl-branded tourism hotels owned by Vingroup – a Vietnamese property developer.

    The 120-metre-high hotel also offers a high-end restaurant, entertainment, and health and beauty care services.

    The 262-room hotel is located in a hotel–trade centre–shopping complex that is the largest in the Mekong Delta region.

    The chairman of the municipal People’s Committee, Võ Thành Thống, said Cần Thơ, located in the centre of the Mekong Delta, is considered an ideal destination for both domestic and foreign tourists to explore the unique waterways of the southwestern region.

    He noted that Vingroup’s construction of the hotel conforms to the city’s tourism plans, adding that with its high-quality services, the hotel will help attract tourists and fuel the city’s development.

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