Vietnam Market Weekly Report

VEFAC (VEF) reported Q1/2026 net profit of nearly 140 billion VND, down 99.1% from the record 14,873 billion VND in Q1/2025, due to the absence of a large one-time project transfer revenue recorded in the prior year.

Hoa Phat Group (HPG) reported Q1 2026 revenue of over 53.5 trillion VND, up 40% YoY, and net profit of over 9 trillion VND, up 170% YoY, with 3.8 trillion VND profit from the transfer of a $1.4 billion urban project in Hung Yen.

Multiple large companies reported Q1/2026 financial results, with TP Securities (ORS) showing a remarkable 1,961% growth in pre-tax profit, VNDirect (VND) profit up 43%, and ACBS profit up 67%, while Asean Securities reported a loss.

FPT Online (FOC), the commercial operator of VnExpress, reported Q1 2026 net profit of 32 billion VND, up 70% year-on-year, with revenue up 18% to nearly 139 billion VND.

SHS reported Q1 2026 results with pre-tax profit of 280 billion VND, while loan balance grew 126% YoY and brokerage revenue increased 86% YoY.

Vinhomes (VHM) at its 2026 AGM set a record-high profit target of 60 trillion VND for 2026, representing a 38.5% increase from 2025, alongside a revenue target of 285 trillion VND and announced a dividend plan.

VPBank Securities (VPBankS) held its AGM, approving an ambitious 2026 business plan targeting 59% revenue growth and 44% profit growth, with a goal to double its average margin loan balance to nearly VND 50 trillion.

Dien May Xanh reported strong Q1 results with revenue up nearly 30% YoY and net profit up about 50% YoY, while also announcing plans for an IPO this year.

Vinhomes (VHM) has officially raised its 2026 business plan, targeting consolidated revenue of 285 trillion VND and after-tax profit of 60 trillion VND, representing a 38% profit growth compared to 2025 results.

Van Phu Real Estate (VPI) announces ambitious 2026 business plan targeting record revenue of 4.5 trillion VND and net profit of 720 billion VND, representing 127.7% revenue growth and 83.2% profit growth compared to 2025.