PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JOINT STOCK COMPANY (CÔNG TY CỔ PHẦN ĐẦU TƯ VÀ PHÁT TRIỂN DU LỊCH PHÚ QUỐC)

Remarkable Growth in Profitability – USD 1.99 Billion in Assets – Powered by Vingroup & Vinpearl

PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JOINT STOCK COMPANY has quickly emerged as one of the most influential players in Vietnam’s resort and hospitality sector. Founded in 2014 and headquartered in the Bãi Dài area of Gành Dầu Commune, Phú Quốc City, this joint stock company operates under Business ID and Tax Code 1701971178. It is privately held and has attracted a powerful shareholder structure that includes Vinpearl Joint Stock Company (30%) and Vingroup Joint Stock Company (29.99%), Vietnam’s most dominant conglomerate in real estate and tourism.

Explosive Profit Growth in 2023

In 2023, the company recorded profit of USD 45.94 million, a staggering 2,707% increase from the previous year. This explosive growth came on the back of strong revenue performance, with total sales jumping 79.1% year-over-year to USD 436.77 million. Meanwhile, total assets climbed to USD 1.99 billion, making PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JOINT STOCK COMPANY one of the most asset-rich tourism businesses in Vietnam.

Equally notable is the company's working capital of USD 284.74 million, giving it a solid liquidity position to reinvest in infrastructure, expansion, or new projects. Owner’s equity rose to USD 145.35 million, a 46.21% gain from 2022, which reflects stronger retained earnings and increasing shareholder value.

Core Operations and Development Focus

The company is best known for its investment and development of resorts, hotels, real estate, and recreational facilitiesacross Phú Quốc Island—a strategic destination for both domestic and international tourism. Its business lines also include aquaculture, food processing, and inland waterway transport, which complement its tourism operations and enable vertical integration.

With over 2,000 employees, PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JOINT STOCK COMPANY is not only a large-scale investor but also a major employer in the region. Its activities contribute significantly to the economic transformation of Phú Quốc into a premium tourism and lifestyle destination.

Strategic Shareholding and Governance

The company is managed by Director Mr. Dang Thanh Thuy, and benefits from deep institutional support through its high-profile shareholders. In addition to Vingroup and Vinpearl, private investors like Pham Minh Anh, Vo Phuoc Thanh, and Pham Quoc Nhat hold significant equity stakes. This blend of institutional and entrepreneurial capital gives the firm both operational strength and investment agility.

Outlook and Considerations

While the financial performance in 2023 is undoubtedly impressive, especially the surge in profitability, investors and partners should monitor whether these margins can be sustained in a post-pandemic, highly competitive tourism market. The influence of major stakeholders like Vingroup ensures a high level of development discipline, but also introduces strategic dependencies.

To gain clarity on its ongoing creditworthiness, risk exposure, and real-time financial health, stakeholders are encouraged to verify the company through reliable third-party sources such as Vanguard Business Information (VBI). VBI offers private financial data access, equity intelligence, and credit risk monitoring—critical tools when dealing with fast-scaling resort developers like this.

In conclusion, PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JOINT STOCK COMPANY is not just a standout on paper; it is shaping the physical and economic landscape of Phú Quốc. With billions in assets and powerful backers, it stands poised for continued expansion—yet like all high-growth enterprises, its path forward will require careful stewardship and informed oversight.