Galaxy Studio Joint Stock Company (Vietnam)

Formed in 1994, the subject is known as one of the first private companies to enter the film business. The subject has 18 cinemas belonging to 9 provinces in Vietnam with the brand Galaxy Cinema. It runs effectively and is facing stiff competition from CGV, Lotte…In a time of social distancing due to the Covid-19 pandemic, all of the cinemas in Vietnam temporarily stopped operations. This was a difficulty for film distribution companies in general and the subject in particular. According to Ms. Nguyen Thi Mai Hoa, "For Galaxy, it lost tens of billions of VND in revenue every month, while still having to pay salaries and rental costs from VND 15 - 20 billion/month". From the beginning of 2022, cinemas were allowed to reopen. Despite facing many difficulties due to the long-lasting effects of the pandemic, theater representatives said that up to now, box office revenue had a good signal. In general, the movie market is gradually recovering.