VOI's strategic investment in Vinpearl was made through convertible dividend preference shares (CDPS). SeaTown Holdings, an investment company under Temasek (Singapore), also joined this significant fundraising round for Vinpearl.
This marks VOI's first investment in a tourism and hospitality business after 18 years operating in Vietnam. The move aims to diversify the fund's portfolio into sectors directly benefiting from consumer growth and tourism recovery.
A fund representative stated that Vietnam is one of the most dynamic economies in the region with significant long-term development potential. Based on this, the fund continues to expand its investment focus into new sectors and businesses with high growth potential, including Vinpearl.
“Vinpearl is a leading tourism and hospitality platform in Vietnam, well-positioned to benefit from increased domestic consumption, growing international visitor numbers, and the tourism sector's momentum,” a VOI representative said.
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The investment in Vinpearl reflects VOI's long-term investment strategy, aiming to create sustainable value for stakeholders and communities. *Photo: Vinpearl* |
VOI is a joint venture between the Oman Investment Authority and the State Capital Investment Corporation (SCIC), established in 2008. The fund acts as a bridge for capital flows between Oman, the Gulf region, and Vietnam. Over 18 years, the fund has collaborated with Vietnamese authorities on many cooperation initiatives and invested in sectors such as education, healthcare, and renewable energy, alongside investments focused on sustainable development and social welfare.
The entity has undertaken projects including: investing in inter-level school systems to support Vietnamese education; major hospitals like Vinmec and a hospital with over 300 beds in the Mekong Delta serving local community healthcare; and clean water projects such as the Song Duong Water Plant, Song Hau, and Saigon Water Company.
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VOI has partnered with Vietnamese authorities on many cooperation initiatives and invested effectively in key economic sectors. *Photo: VOI* |
Vinpearl's leadership stated that the investment from strategic partners VOI and Temasek provides additional resources for operational expansion, optimizing efficiency, and enhancing service quality, thereby contributing to the development of Vietnam's and the region's tourism sector in this new phase.
Founded in 2003, Vinpearl is a leading tourism, hospitality, and entertainment brand in Vietnam. The company currently operates 60 facilities across 20 provinces and cities. Its ecosystem includes: a system of 5-star hotels and resorts with over 17,500 rooms; 16 VinWonders theme parks; 6 golf courses; 3 convention centers and VinPalace theaters. Additionally, it has two semi-wild animal care and conservation parks and one Horse Academy.
The Dan
