Cj Cgv Vietnam Co., Ltd (Vietnam)

The subject is a member company of a famous South Korean Group named “CJ”. This group operates in many fields such as food, feed, chemical, entertainment…. In Vietnam, besides the subject, this group also has many subsidiaries that operate in many business fields.The subject specializes in importing - distributing - projecting films and supplying related services. It imports films and the related equipment from South Korea, Germany, Singapore, the USA, etc. By the end of 2022, CGV Vietnam had 83 cinemas with 483 screens in more than 30 provinces and cities nationwide, and a market share of 51%.According to media information, after two years of being affected by the pandemic, the subject business has not been able to recover fully. Nevertheless, last year Vietnam was still one of the two markets that earned profits for CJ CGV. Among CGV venues in South Korea, China, Turkey, Indonesia and Vietnam, the first three markets recorded losses. The profit in the fourth quarter of 2022 was much lower than the same period in 2019 because blockbusters such as "Black Panther," "Black Adam," and some Vietnamese films did not generate expected high revenues. "Avatar 2" was not released until late December. CGV Vietnam expects a strong recovery this year when a series of anticipated movies will be screened, following the recently released Vietnamese big hits, "Nha Ba Nu" (Nu's Family) and "Chi Chi Em Em 2" (Sister Sister 2).