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On the morning of April 22, 2026, Dam Sen Water Park Joint Stock Company (DSN) held its 2026 annual general meeting (AGM) with the attendance of 87 shareholders, representing 7.2 million shares, equal to 59.96% of the total voting shares.
The AGM approved DSN’s 2026 targets, including net revenue of 190 billion VND, up 4.7% from 2025. Pre-tax profit is expected at 92 billion VND, with net profit of 73 billion VND, representing a modest increase versus the previous year.
For shareholder returns, DSN proposed a minimum cash dividend rate of 24% on charter capital, with total expected payout of about 29 billion VND.
Regarding profit distribution for 2025, the company will pay a cash dividend at a rate of 40%, corresponding to more than 48 billion VND. DSN previously advanced a 24% cash dividend in February 2026, meaning shareholders will receive an additional 16% cash dividend in the next distribution.
DSN said the plan is set against an increasingly competitive environment, as amusement facilities in Ho Chi Minh City and nearby areas—such as Suoi Tien Park, Grand Park/VinWonders, and the Dai Nam tourist area—continue to upgrade and expand.
To respond, the company plans to push for product renewal and add new games to attract family visitors, groups of friends, and tour groups, while also increasing pressure to maintain market share.
At the AGM, shareholders approved the dismissal of two independent board members, Hirotaka Yabe and Tran Oanh. In the same term, Hiroko Yabe and Le Thanh Tri were elected to the Board of Directors for the 2023–2028 term.
Speaking at the meeting, Mr. Tran Viet Anh, Chairman of the Board, outlined DSN’s 2026 direction focusing on three main areas.
DSN will pursue capital restructuring to reduce losses and mitigate impacts on overall business results. The company noted it previously invested in a juice plant in Phan Thiết to expand operations, but the project did not meet expectations. DSN is currently seeking a partner to transfer this project.
On expansion, DSN said it will not proceed with the project in District 9 due to planning and market considerations. The company will look for investment opportunities in neighboring provinces, particularly in the Mekong Delta region, where climate conditions are similar and development potential exists. Specific information will be announced when conditions permit.
For land leasing, DSN said it is awaiting administrative stability after the merger to proceed with renegotiating the land lease for Dam Sen Water Park. After completing legal procedures, the company plans to renovate, repair, and invest in additional new games to improve the park’s overall quality.
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