Hospitality giant in HCMC reports significant increase in profits

In Hospitality, the largest event space operator in HCMC, reported an 11-fold increase in post-tax profits to VND130 billion ($5.5 million) last year. Its equity also rose by 22% to VND670 billion, while its debt decreased by 17% to VND308 billion, including VND33.5 billion in bonds, according to the latest financial report.

In Hospitality manages the largest conference facilities in HCMC, such as the Gem Center in District 1, White Palace in Phu Nhuan District, and White Palace Pham Van Dong in Thu Duc City, which are often used for artist-fan interactions or for companies to launch new products. The company is also developing two new event centers in Hanoi and Can Tho City.