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PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JOINT STOCK COMPANY

Active

Business ID 1701971178

84-297 / 3612 666

PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JOINT STOCK COMPANY

Active

Business ID 1701971178

84-297 / 3612 666

PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JOINT STOCK COMPANY

Active

Summary

Name:

PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JOINT STOCK COMPANY

Business ID (TIN):

1701971178

Date of Registration:

06 Sep 2014

Registered Office:

Department of Planning and Investment Of Kien Giang province

Address:

Bai Dai Area, Ganh Dau Commune, Phu Quoc City, Kien Giang Province, Vietnam

Phone:

84-297 / 3612 666

Financial Statement:

2020, 2021, 2022, 2023, 2024

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.

Legal Profile

English Name:

PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JOINT STOCK COMPANY

Vietnamese Name:

CÔNG TY CỔ PHẦN ĐẦU TƯ VÀ PHÁT TRIỂN DU LỊCH PHÚ QUỐC

Business ID (TIN):

1701971178

Date of Registration:

06 Sep 2014

Registered Office:

Department of Planning and Investment Of Kien Giang province

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

DANG T.T

Address:

Bai Dai Area, Ganh Dau Commune, Phu Quoc City, Kien Giang Province, Vietnam

Phone:

84-297 / 3612 666

Business Sector

Key business lines:

VSIC:

5510 Short-term accommodation activities

Industry Sales Growth

CAGR (2019 - 2023)

0.93%

YoY (2023)

18.00%

Companies by industry

Company distribution and propportions

25,619

0.8812%

Key Industry Players

Top 10 companies in short-term accommodation activities industry

ocean place joint venture company ltd saigontourist group terra joint - stock company chains caravelle hotel joint venture company ltd ho tram project company limited petrosetco vung tau general services joint stock company phu quoc tourism development and investment joint stock company hoi an south development ltd sun phu quoc limited liability company vega city joint stock company

Payment History

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Financial Performance

Assets	-60.92%
Owner’s Equity	-99.23%
Working Capital	-69.18%
Net Worth	25.18%
Sales	-45.35%
Operating income	10.35%
EBIT	80.73%
Gross Profit Margin	-67.64%
Debt to EBITDA	92.58%

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Specific Questions About PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JOINT STOCK COMPANY

When did PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JSC start operating?

PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JSC was started in 06 Sep 2014

What industry does PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JSC operate in?

PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JSC is operating in "Short-term accommodation activities" industry

How can I contact PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JSC?

PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JSC phone numbers is 84-297 / 3612 666

What adverse news is there about PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JSC?

PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JSC’s has no negative news

What is stock symbol of PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JSC?

PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JSC is not listed company

Where is the location of PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JSC?

PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JSC is located at Bai Dai Area, Ganh Dau Commune, Phu Quoc City, Kien Giang Province, Vietnam

What is PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JSC’s business registration?

PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JSC business registration is 1701971178

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PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JOINT STOCK COMPANY

PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JOINT STOCK COMPANY

PHU QUOC TOURISM DEVELOPMENT AND INVESTMENT JOINT STOCK COMPANY

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