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South Korea cinema operator to invest $200m in Vietnam by 2020

CJ CGV aims to open 12 to 15 theaters a year as entertainment market booms

The latest CGV cinema launched in Ho Chi Minh City on Thursday, raising CJ CGV Vietnam’s facilities in the country to 313 studios and 42,800 seats.

HO CHI MINH CITY -- CJ CGV Vietnam, a subsidiary of South Korea's CJ Group, opened its 50th cinema in Vietnam on Thursday in Ho Chi Minh City, expanding its screening facilities in the country to 313 studios and 42,800 seats.

The South Korean investor said it planned to invest some $200 million in the next four years to upgrade and expand its screening system in Vietnam, including in second tier cities and remote areas.

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