Six Flags-branded theme parks to be built in Vietnam

Six Flags Entertainment Corp. announced a new partnership on Monday to build two Six Flags-branded parks in Vietnam.

The Grand Prairie-based theme park company said it is working with NaVi Entertainment, a private company based in Ho Chi Minh City, to build a theme park and water park in the southeast Asian country. The parks are expected to open in three to four years.

“Our international licensing strategy is gaining momentum and provides strong long-term upside for the company above and beyond the growth opportunity of our North America properties,” said Six Flags chief executive John Duffey in a statement.

Six Flags currently operates 18 parks in the U.S., Mexico and Canada. In the past few years, it has signed international partnerships to license its name for theme parks in other countries, including Dubai and China.

Earlier this year, Six Flags and Canadian-based Riverside Investment Group announced it had started work on the Six Flags park in Haiyan, south of Shanghai. The park is expected to open in 2019.

This story was originally published March 21, 2016 at 5:07 PM.