Six Flags Vietnam
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Six Flags' proposed Vietnam project hit a stumbling block in February after its franchise partner NaVi Entertainment failed to fulfil 'contractual obligations', with the operator serving the company a Notice of Default.

"Although they are trying to remedy this situation, we have suspended work on the project, and we have initiated discussions with other interested parties in the region. Vietnam continues to be a very good market for us, so we'll continue to pursue that."?

Source: http://www.attractionsmanagement.com/detail.cfm?subID=410650&pagetype=detail&subject=news&codeID=331683

Executives said during the call that international licensing fees for the fourth quarter were down after problems emerged with a project in Vietnam that had been announced in March.

Barber said work has stopped and the company issued a notice of default to the partners, previously identified as NaVi Entertainment, for failing to fulfill its contractual obligations.

“We’re currently working with our partner to remedy the situation, and believe this is merely a timing issue,” Barber said.


Even if the deal with the current partners falls through, Duffey said Vietnam holds potential.

“Our hope is that we’ll get this project back on track, but if we don’t, we still view that as a great market and there are other partners we could aggressively pursue,” he said.

Source: https://skift.com/2017/02/23/six-flags-says-it-is-just-getting-started-with-its-international-expansion/

Six Flags' President of the international division, John Odum, talks about the company's expansion into Vietnam:

“It has a growing middle class with an increasing propensity to spend, and a travel market that’s starting to feed Vietnam. We really think the dynamics fit nicely with what we bring to a market.”

“We’ve got such a diversity of rides that it really gives a thrill to all ages. We feel we’re a good fit for a region that’s really growing very quickly.”

Source: Blooloop

Six Flags Entertainment Corporation, the world's largest regional theme park company, today announced a new strategic partnership with NaVi Entertainment, a private company based in Ho Chi Minh City, Vietnam, to build a theme park and a water park in Vietnam using the Six Flags and Six Flags Hurricane Harbor brand names, respectively. Both are expected to open in the next three to four years.

Source: http://www.businesswire.com/news/home/20160321006113/en/International-Expansion-Accelerates-Flags-Branded-Parks-Open-Vietnam

Status: announced