Record revenues at Saigon Zoo after post-Covid reopening

By Phuong Dong    February 19, 2023 | 12:03 am PT
Record revenues at Saigon Zoo after post-Covid reopening
People at Saigon Zoo and Botanical Garden in downtown HCMC, 2021. Photo by Quynh Tran
The Saigon Zoo and Botanical Gardens Company, which manages Vietnam's largest zoo in Ho Chi Minh City, recorded its highest-ever revenues of VND145 billion ($6 million) last year, up three times year-on-year.

The company’s financial report showed the revenue came mainly from ticket sales, in addition to selling food and drinks, and leasing premises and parking fees.

The zoo had raised ticket prices from VND30,000 to VND40,000 for children and from VND50,000 to VND60,000 for adults.

After deducting expenses, the Saigon Zoo and Botanical Garden's profits was totaled approximately VND19 billion.

However, the company proposed to return VND13.4 billion to the city budget as it received public funding to maintain operations during the pandemic.

Its after-tax profit only reached nearly VND3 billion, which was still the highest figure in a decade.

As of the end of last year, the company had a chartered capital of VND617 billion and total assets of VND785 billion.

The Saigon Zoo, built in 1864, now operates under the model of a one-member limited liability company. The People's Committee of Ho Chi Minh City owns 100% of its charter capital, but the company operates with financial autonomy.

The zoo is considered a museum of biology with thousands of species of flora and fauna from across Vietnam and the world. It has a huge collection of about 4,000 plant species and over 600 rare animals.

After months of closure due to Covid-19, the zoo reopened in November 2021.

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