Vingroup's hospitality arm appoints new CEO

Vinpearl Joint Stock Company, a leading investor and operator of resorts and theme parks in Vietnam, has appointed Ngo Thi Huong as its new CEO, starting from Friday.

She replaced Dang Thanh Thuy, who stepped down a day earlier, the company stated. Thuy will remain on Vinpearl’s board of directors.

Huong, born in 1982, holds a master’s degree from the University of London and professional certifications in finance and accounting.

She joined Vingroup’s ecosystem in 2017 and has held several senior roles, including deputy CEO in charge of Vincom Logistics and head of finance and accounting at Vinpearl.

Vinpearl’s executive board now comprises five members, including Huong, along with Vo Thi Phuong Thao, Nguyen Dinh Nga, Vu Thi Kim Huong and Do My Huong.

Vingroup, Vietnam’s largest private conglomerate controlled by billionaire Pham Nhat Vuong, owns about 85% of Vinpearl.

The company is one of the country’s leading hospitality and tourism brands, operating dozens of facilities across Vietnam, including hotels, resorts, theme parks, entertainment complexes, golf courses, and dining facilities nationwide.

In 2023, Vingroup split its hospitality operations into two legal entities, Ngoc Viet and Vinpearl.

Vinpearl officially listed its shares on the Ho Chi Minh City Stock Exchange in May this year.

According to the Q3/2025 financial report, Vinpearl recorded net revenue from core business operations of VND3,094 billion ($117.68 million), a 28% increase compared to the same period last year.

Gross profit was VND819 billion ($31.15 million), more than seven times higher than the same period in 2024. After-tax profit hit VND169 billion ($6.43 million).

For the first nine months of the year, Vinpearl's total operating revenue reached VND12,700 billion ($483 million), of which net revenue from hotel services was approximately VND8,100 billion, up 27% increase, and after-tax profit exceeded VND428 billion ($16.28 million).