Vinpearl signs multi-deal arrangement with Russian travel firms

Vinpearl signed MoUs with Anex Tourism Russia, FUN & SUN, One Click Travel, and Coral Travel on strategic partnerships to promote Vinpearl products and Vietnamese tourism in general.

This collaboration marks a major step for Vinpearl in its strategy to globalise its integrated ecosystem of tourism, leisure, entertainment, and meetings and event services.

To achieve the target of 400,000 Russian tourist arrivals this year, double 2024’s figure, the parties will collaborate to boost Vietnam’s tourism appeal and position Vinpearl as the premier destination for Russian travellers.

At the same time, Vinpearl and its partners will open new flights connecting Russian cities to Nha Trang and Phu Quoc. The number of flight destinations is expected to reach 25 cities, an increase of 150 per cent from the current situation.

Vinpearl is expected to expand its sales network to nearly 15,000 travel agents and more than 40 airlines on the back of these deals.

The hospitality brand has consistently attracted Russian tourists due to its all-in-one resort ecosystem, offering integrated entertainment, leisure, and retail facilities across key coastal destinations like Nha Trang, Phu Quoc, and Danang

These partnerships underscore Vinpearl’s role in positioning Vietnam as a top resort destination for Russian tourists, and more broadly, for travellers from Eastern Europe and Central Asia. Such initiatives further strengthen Vietnam-Russia cooperation amid a new phase of bilateral development.

Vinpearl JSC has successfully issued a $425 million Exchangeable Sustainable Bond (ESB), exchangeable into shares of Vingroup JSC. The bonds mature in 2026 and have a coupon rate of 3.25 per cent per annum.

Vingroup is expediting the necessary procedures to list Vinpearl on the Vietnam stock exchange by the end of this year.

Vinpearl JSC, the hospitality arm of Vingroup, raised $150 million from bonds in Singapore on August 20, according to the Hanoi Stock Exchange (HNX).