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.