On December 7, 2024, HVA Investment Joint Stock Company (HVA Group) officially announced the completion of the business cooperation contract (BBC) with VFILMS Technology Joint Stock Company.
According to the agreement, HVA Group will invest in VFILMS to implement the FundGo Cinema project, aiming to build a creative cinema ecosystem, connecting film producers, distributors, and technology platforms, contributing to the development of the new generation of Vietnamese cinema.
Cooperation details:
- Investment capital: 15,000,000,000 VND (Fifteen billion dong).
- Investment period: Q4 2024 to Q1 2025.
- Business cooperation profit: Divided according to actual capital contribution ratio. Other profits: 5%/year calculated based on actual capital contribution ratio, regardless of business results.
The Meaning and Importance of Cooperation
The cooperation between HVA Group and VFILMS not only marks a strategic step forward for both parties but also opens up great opportunities for the Vietnamese film industry. This agreement is expected to bring sustainable value, exploit creative potential, and at the same time make positive contributions to the domestic film community.
The combination of financial potential from HVA Group and technological strength of VFILMS will create outstanding products and services, thereby promoting the stronger development of the film industry.
Benefits
Through this cooperation, the two parties commit to:
- Providing quality, superior cinema products and services.
- Creating a modern cinema ecosystem, applying advanced technology.
- Contribute to the development of a sustainable film community where filmmakers, distributors, and technology are closely connected.
This cooperation also affirms HVA Group's pioneering role in leading technology trends and creative investment, while contributing to building a solid foundation for the development of Vietnamese cinema.
HVA Group and VFILMS are committed to implementing the project with transparency, efficiency and towards long-term sustainable value for the community. This cooperation is a stepping stone to bring high-quality film products to the audience, while building a modern film ecosystem, meeting the entertainment and educational needs of the community.
