The financial report for the first 6 months of 2025 of Toan Hai Van Joint Stock Company (TTC Phu Quoc) reflects a period of comprehensive restructuring and at the same time shapes a long-term investment strategy.
Growth premise for the period 2026 - 2030
In the context of a volatile market, the enterprise focuses on consolidating its financial foundation, controlling costs and prioritizing resources for key projects, creating a premise for sustainable growth in the period 2026 - 2030, TTC Phu Quoc aims to develop through strengthening governance, diversifying revenue sources and restructuring operations towards sustainability.
According to the Financial Report for the first 6 months of 2025, this enterprise recorded some changes in revenue during the process of reviewing the business portfolio and restructuring operations. These fluctuations have a certain impact on short-term profit results, but are a necessary step to eliminate inefficiencies, creating a premise for a long-term development roadmap.
The effectiveness of the initial restructuring process is clearly demonstrated through cost indicators. Compared to the same period last year, financial expenses decreased by nearly 84%, while business management expenses decreased by more than 26% thanks to streamlining the apparatus, optimizing processes and improving operational discipline. The investor has increased its equity capacity, ensuring liquidity. Quick payment indicators have improved more positively and debts have decreased compared to the same period. Maintaining financial discipline has contributed to minimizing risks, while opening up space for important strategic investments in the medium and long term.
Although short-term profits are affected by the restructuring process, TTC Phu Quoc still prioritizes allocating resources to key projects. Investing in upgrading Vinh Dam port infrastructure is considered a solution to increase logistics capacity, reduce long-term operating costs and strengthen the role of the South Island's cargo gateway. At the same time, the implementation of the key Selavia project phase 2 aims to expand the product portfolio, diversify revenue streams and affirm the project's position in the high-end resort market.
Opening a new era with APEC 2027
In the current period, TTC Phu Quoc focuses on allocating resources to strategic business projects to increase competitiveness and anticipate the explosive demand when APEC 2027 approaches.
In the logistics sector, TTC Phu Quoc prioritizes upgrading and expanding the capacity of Vinh Dam port - one of the few areas in the South of the island with favorable natural conditions for the development of large-scale seaports and logistics. These are rare natural advantages that help Vinh Dam play the role of a gateway for trade and tourism between the mainland and Phu Quoc island. This investment not only helps create a stable cash flow but also improves infrastructure capacity, ready to meet the strong growth needs of Phu Quoc in the period approaching APEC 2027.
Selavia Phu Quoc is expected to become a new symbol of commerce - resort - entertainment on the "pearl island".
In the resort real estate segment, TTC Phu Quoc promotes its business strategy revolving around the Selavia project - a multi-touch Wellness resort complex, positioned to become a symbol of the South of the island. The enterprise focuses on implementing the Selavil Vela subdivision with three blocks of tourist apartments, supplementing the supply of high-quality accommodation in the context of the second-home market recovering and the increasing demand for high-end resorts.
In parallel with the development of the tourist apartment subdivision, TTC Phu Quoc has cooperated with The Ascott Group to manage and operate the international hotel branded Citadines Selavia Phu Quoc in the Selavil Mira subdivision, expected to be put into operation before APEC 2027. This is considered an important step, not only raising the standard of resort services at Selavia to international standards, but also contributing to affirming the project's position in the high-end segment, creating momentum for the brand on the international tourism map.
In addition, the Selashine shophouse subdivision has officially come into operation, forming a vibrant commercial - service axis right in the center of the project.
Notably, on the morning of September 4, 2025, TTC Phu Quoc organized Sharing Day with the theme "Selavia - Opening a new era with APEC 2027". The event provides a panoramic view of the Phu Quoc resort real estate market in the context of the APEC 2027 Summit Week taking place on the "pearl island", and updates the strategic orientation of the Selavia project. This is also a forum for the business community, strategic partners and associations to exchange, connect and discuss cooperation opportunities. Not only stopping at information sharing activities, the program also affirms the common vision: Together, making Selavia a new resort icon of Phu Quoc.
Mr. Dang Van Thanh - Chairman of TTC Group, speaking at the event "Selavia - Opening a new era with APEC 2027".
The Sharing Day program is an opportunity for TTC Phu Quoc and the business community to analyze the potential of the "pearl island" market.
Vision 2026 - 2030: Breakthrough with Phu Quoc resort market
In the period of 2026 - 2030, TTC Phu Quoc will place Selavia in the central position, playing a pivotal role in leading the entire new development orientation. With a scale of 290 hectares and a unique Lotus Island design, Selavia is not only a simple resort real estate project, but is positioned to become an iconic complex of the South Island.
The advantage of Vinh Dam Port will become a lever to help Selavia Phu Quoc grow strongly in the future.
Along with Selavia, TTC Phu Quoc implements a long-term strategy based on three pillars: Applying ESG standards in development and operation; Exploiting logistics advantages from Vinh Dam Port, balancing the financial structure; And repositioning the management apparatus towards streamlining and transparency.
With this orientation, TTC Phu Quoc affirms its commitment to creating long-term value, accompanying the "pearl island" to become a resort - commercial symbol of the region, on par with leading international destinations.
According to Nguoi Do Thi