C.E.O Group Join Stock Company (HNX: CEO) had just announced its consolidated business results for the fourth quarter of 2024 with total revenue reaching over VND 421 billion, after-tax profit of nearly VND 68 billion, increased by 112% compared to the same period in 2023. This growth momentum is a testament to the effective restructuring strategy and the recovery of the service sector – one of the three main pillars of CEO Group.

The year 2024 marked an important turning point when CEO Group implemented restructuring in the service sector to optimize resources, focusing on developing preschool and primary education levels as in its urban area project planning. In December 2024, CEO Group and Nguyen Sieu Primary School signed a memorandum of understanding on investment cooperation for Nguyen Sieu – CEO Primary School in Sunny Garden City Urban Area (in Quoc Oai district, Hanoi City), laying a solid foundation for a high-quality education system development in urban areas developed by CEO Group.

The effectiveness of the restructuring strategy was clearly reflected in the positive business results in 2024. Total revenue for the year reached VND 1,408 billion, profit after tax was over VND 169 billion, increased by 40% compared to 2023 and exceeded the 2024 profit plan set by the General Meeting of Shareholders, affirming solid financial strength and flexible adaptability to market fluctuations

Service Sector – One of the three main pillars of CEO Group, made a strong breakthrough in 2024 

As of December 31, 2024, liabilities decreased by VND 530 billion, equity increased from VND 6,246 billion to VND 6,315 billion. Total assets reached over VND 8,963 billion, ensuring a stable financial foundation for CEO Group to continue implementing key projects. 

CEO Group’s service sector had an impressive growth in 2024, especially in Phu Quoc and Van Don – two strategic markets in CEO Group’s resort tourism ecosystem. 

In Van Don, although newly put into operation, Wyndham Garden Sonasea Van Don has quickly affirmed its attraction when it was voted by the Council of Experts and a large number of tourists as the “Most Favorite Resort Destination” at the “Worth Living Project 2024” award organized by VCCI and Business Forum Magazine. This initial success not only affirms the pioneering position of CEO Group in developing international-class resort complexes, but also contributes to making Van Don to become a new destination on the global tourism map.

In Phu Quoc, Novotel Phu Quoc Resort, Best Western Premier Sonasea Phu Quoc and Best Western Villas have recorded strong growth in the number of visitors, especially international visitors. Room occupancy rates have remained high, especially during the peak tourist season, reflecting the impressive recovery of the tourism industry on the Pearl Island. Sonasea Phu Quoc Walking Street and Night Market are must-be destinations for visitors, offering unique shopping and culinary experiences with a variety of local delicacies and products.

Phu Quoc Pearl Island was chosen to host the Asia-Pacific Economic Cooperation (APEC) Summit 2027, opening up opportunities for a strong breakthrough in investment, infrastructure, tourism and real estate. Welcoming thousands of delegates, senior leaders and businessmen from 21 member economies will make Phu Quoc a focal point for international trade cooperation, while creating momentum to promote the tourism and resort market to develop more vibrantly than ever. Seizing this opportunity, CEO Group is ready to accelerate, expand the scale of investment and affirm its leading position in the resort tourism ecosystem, developing mixed-use urban areas on Phu Quoc Pearl Island. 

With the achievements in 2024, CEO Group confidently enters 2025 – a pivotal year for the New Era, the Era of the Vietnamese Nation’s Rise. Flexible business, stable financial foundation and diverse project portfolio promise to take CEO Group further, continuously enhance its brand position and actively contribute to the overall development of the country.