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Tag: zoo

  • ​Saigon zoo posts $304,000 loss due to Covid-19

    ​Saigon zoo posts $304,000 loss due to Covid-19

    The Saigon Zoo-Botanical Garden Company Ltd has reported a VND6.8 billion ($304,300) loss for 2020 as Covid-19 kept people away from its zoo.

    Its revenues fell by 38.6 percent to VND70 billion, the lowest in six years.

    The 157-year-old zoo in District 1 closed for two months from March 20 last year as part of Covid containment measures, and again shut on July 25 when a new wave began.

    It set itself targets of VND114 billion in revenues and VND2.2 billion in pre-tax profits at the beginning of this year as the pandemic seemed to be contained.

    The zoo subsequently revised the targets downward to VND81 billion and breakeven.

    It raised ticket prices from VND30,000 to 40,000 for children and from VND50,000 to 60,000 for adults since January.

    The zoo has over 125 species of animals and birds.

  • Vingroup reports acquisition, sale of multiple companies

    Vingroup reports acquisition, sale of multiple companies

    Vietnam’s biggest private conglomerate Vingroup sold stakes in five companies and acquired shares in six others last year, according to its audited consolidated financial statement.

    It sold 80 percent each of MV Real Estate JSC and the MV1 Real Estate JSC to Mitsubishi Corporation and Nomura Real Estate Development of Japan, and 90 percent of S-Vin Vietnam Real Estate Trading JSC to Japanese real estate company Samty Co., Ltd.

    Vingroup earned profits of nearly VND16.9 trillion ($728.45 million) from the three deals.

    It also sold a 25 percent stake in Phu Quoc Tourism Development and Investment JSC for a profit of over VND1.4 trillion, and currently owns a 5 percent stake.

    The conglomerate signed a deal with the Phu Quoc Tourism Development and Investment JSC to operate hotels, golf courses, and beachfront villas in Phu Quoc Island’s Bai Dai ecotourism area and Vinpearl Safari.

    It sold a 40 percent stake in animal feed company Viet Thang Feed JSC and now owns 26.34 percent of it.

    Vingroup spent over VND15 trillion to buy mining company Huong Hai-Quang Ngai Company Limited, real estate companies Dai An Investment Construction JSC and Nguyen Phu Trading Investment JSC, and hotel and restaurant operating firms Hon Mot Tourism JSC and Cam Ranh Invest JSC.

    It bought a 96.5 percent stake in Bao Lai Investment JSC, which mines and processes white marble to produce ground calcium carbonate powder for VND2.7 trillion. Last year Bao Lai reported a loss of VND367 billion.

    Vingroup reported revenues of VND110.4 trillion, down 15.5 percent from 2019. Its pre-tax profit was VND13.9 trillion, a year-on-year decrease of 10.7 percent.

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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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  • Saigon zoo operator posts $800,000 loss

    Saigon zoo operator posts $800,000 loss

    The Saigon Zoo-Botanical Garden Company Ltd reported a loss of VND18.8 billion ($809,600) for the first half as Covid-19 kept people away from its zoo.

    The operator of the country’s largest zoo in Ho Chi Minh City saw revenues drop by half year-on-year to VND27 billion ($1.2 million). The 156-year old zoo in District 1 closed for two months from March 20 as Covid-19 containment measures took effect. Its loss was the third largest among seven loss-making state-owned companies based in the city. The operator also has VND18 billion ($775,200) in debts, mostly salaries. Its 270 employees have agreed to a 30 percent salary cut this month.

    It recently called for public donations to help the zoo care for its 1,500 animals, which require nearly five tons of meat, vegetables, fruit, and leaves daily.

    The zoo has over 125 animals and 900 plant species.

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