Vinhomes (VHM) Targets Record VND 60 Trillion Profit for 2026, Announces Dividend

Overview

Vinhomes Joint Stock Company (VHM) set a record-high net profit target of VND 60 trillion for 2026 at its Annual General Meeting of Shareholders (AGM) on April 21, 2026, representing a 38.5% increase from its 2025 target. The company also announced a 2025 dividend plan of 60% cash and 100% stock, alongside a revenue target of VND 285 trillion for 2026. This guidance underscores Vinhomes’ aggressive expansion strategy across Vietnam’s real estate market.

Key Facts

• Vinhomes (VHM) set a 2026 net profit target of VND 60 trillion, which would be its highest ever, up 38.5% from the VND 43.335 trillion achieved in 2025.
• The company’s 2026 revenue target is VND 285 trillion.
• For 2025, Vinhomes reported consolidated net revenue of VND 153.271 trillion, up 49.8% year-on-year, and net profit of VND 43.335 trillion, up 23.6% year-on-year, exceeding its approved plan.
• The 2025 dividend plan includes a 60% cash payout (VND 6,000 per share) and a 100% stock dividend (1 new share for each held).
• A new homebuyer interest-rate support program, effective April 20, 2026, offers rates not exceeding 6% per annum for up to 5 years.
• The company is launching model projects in Quảng Ninh, Đà Nẵng, and Hồ Chí Minh City, integrating ESG criteria into planning.
• Vinhomes aims to maintain its leading position in Vietnam’s market while expanding its global presence.

What Happened

At its 2026 AGM held on April 21, 2026, Vinhomes’ leadership presented ambitious targets for the coming year, as reported in the company’s AGM materials. The company aims to achieve VND 285 trillion in revenue and VND 60 trillion in net profit for 2026, which would mark a historic high. This follows a strong 2025 performance where net profit reached VND 43.335 trillion, surpassing the approved plan. The AGM also approved a dividend plan for 2025, combining cash and stock distributions.

Vinhomes outlined a strategic focus for 2026 on developing large-scale and super-urban projects nationwide, with an emphasis on green, sustainable, and transparent products. The company is integrating ESG criteria into project design, alongside modern infrastructure like high-speed rail connections. To drive sales, Vinhomes is launching new projects in key provinces and implementing a breakthrough sales strategy, including the interest-rate support program to stimulate market demand by addressing buyer concerns over fluctuating rates.

Market Context

Vinhomes (VHM) is listed on the Hồ Chí Minh Stock Exchange (HOSE) and is a leading real estate developer in Vietnam. The stock closed at VND 138 on April 15, 2026, up 6.83% with volume of 6.25 million shares, reflecting positive market sentiment ahead of the AGM. This guidance comes amid a broader recovery in Vietnam’s real estate sector, with investors closely watching large-cap developers for growth signals and dividend policies.

Strategic Significance

The 2026 targets represent a significant acceleration in Vinhomes’ growth trajectory, moving beyond post-pandemic recovery into aggressive expansion. The focus on ESG-integrated large-scale projects and a nationwide sales push, including innovative financing like the interest-rate support program, aims to capture sustained demand in Vietnam’s urbanizing markets. This strategy reinforces Vinhomes’ dominance in premium residential development while addressing evolving buyer preferences for sustainability and affordability.

What to Watch

• Quarterly earnings releases in 2026, starting with Q1, to track progress toward the VND 60 trillion profit target.
• Implementation and uptake of the homebuyer interest-rate support program effective from April 20, 2026.
• Launch timelines and sales performance of new projects in Quảng Ninh, Đà Nẵng, and Hồ Chí Minh City.
• Dividend payout execution for 2025, following AGM approval.
• Updates on global expansion efforts mentioned in the AGM materials.