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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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2025 financial statements of Phu Quoc Tourism Investment and Development Joint Stock Company show continued weak business performance. The company recorded a net after-tax loss of about 918 billion VND, up 27% from the 725 billion VND loss in 2024.
As of 31 December 2025, accumulated losses increased to 5.857 trillion VND, reducing equity from 2.560 trillion VND to 1.643 trillion VND (a 38% decline). Total assets stood at 42.757 trillion VND.
On the balance sheet, liabilities accounted for the largest share of total funding. Debt at end-2025 was 41.113 trillion VND, unchanged from the prior year. With reduced equity, the debt-to-equity ratio rose to 25.02x.
Within the debt structure, privately issued bonds remained at 7.478 trillion VND, equal to 4.58x equity.
After releasing the 2025 report, the travel company began corporate restructuring. At the end of January 2026, it registered changes to the company and increased charter capital from 7.500 trillion VND to 10.000 trillion VND.
In late March 2026, the company announced a merger with Newvision Real Estate Co. The merger is set to take over all charter capital, the investment project, and assets of Newvision. The combined service land is concentrated in Bai Dai, but the transaction also involves financial obligations.
Given the combined assets and debts, the company’s situation requires a cash-flow plan to meet payment obligations in future financial periods.
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