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CGV Vietnam profits plummet 34%

CGV Vietnam profits plummet 34%

Cinema chain CGV Vietnam saw Q2 profits plunge 34% from 2019 (before the Covid-19 pandemic) to KRW4.2 billion ($3.16 million) despite screening several blockbusters. The unit of the Korean entertainment giant CJ CGV, however, saw revenue surging 148% to KRW39.2 billion. Several Hollywood blockbusters and the Vietnamese movie “Em va …

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Hotel industry to grow by $2 bln by 2026: US market research firm

Hotel industry to grow by $2 bln by 2026: US market research firm

The Vietnamese hospitality market will grow by US$2.12 billion from 2021-2026, U.S. market research and advisory company Technavio has forecast. It attributed the likelihood to Vietnam’s consistent economic growth and the substantial increase in per capita disposable income. This year it forecast the market to grow by 13.44% as Vietnam …

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