DatVietVAC Group Holdings is a privately owned company headquartered in Vietnam. Founded in 1994 and operating with approximately 280 employees, the company functions as a media, entertainment, and technology conglomerate. It specializes in television network management, premium content production, advertising services, and digital ventures. The group manages three nationwide television networks through its Vie Channel division—Vie Channel – HTV2, Vie GIẢITRÍ (VTVcab 1), and Vie DRAMAS (VTVcab 19)—which are distributed across nationwide digital cable, terrestrial, direct-to-home satellite, and managed IPTV platforms. Anchoring its direct-to-consumer digital transformation, the conglomerate operates the over-the-top video-on-demand streaming platform VieON, developed in partnership with BCG Digital Ventures, and utilizes production powerhouses like Dong Tay Promotion and M&T Pictures to create multi-platform franchises such as Rap Viet, The Masked Singer Vietnam, and 2 Days 1 Night. Monetization occurs through targeted B2B media planning and programmatic advertising sales via DatVietMEDIA and TKL, alongside consumer-driven digital subscription tiers and e-commerce merchandise distribution handled by VieSHOP.
On September 8, 2026, DatVietVAC's initial public offering (IPO) attracted nearly 1700 investors, with total subscriptions exceeding the 11.15 million shares on offer. Vietcap served as the exclusive adviser and distribution agent for DatVietVAC JSC (DVV). This follows the company's report on August 16, 2026, that it earned over VND135 billion in profit during the first half of 2026. Consolidated gross profit reached VND290 billion, matching the previous year's period, while the gross profit margin improved from 19.8% to 21.2%, attributed to operational efficiency in its Media Services segment and high-margin activities within its Content segment. Earlier, on August 12, 2026, the company announced its IPO would run from August 5 to September 7, targeting $23 million. The IPO officially launched on August 5, 2026, in Ho Chi Minh City, drawing artists, business partners, and fans to its opening ceremony, rather than primarily financial institutions.
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