Vingroup (VIC) 2025 Profit Surges 111%, Sets Record State Budget Contribution
This Aveluro analysis covers VIC (VinGroup) on HOSE in the Real Estate sector. The classified event type is earnings beat, with positive sentiment and a deterministic market-impact score of 9.8/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from CafeF - Doanh nghiệp, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
Vingroup (HOSE: VIC) announced record 2025 results, with consolidated revenue up 76% and net profit up 111%, alongside a record state budget contribution of VND 148,773 billion. The conglomerate continued its momentum into H1 2026, with net profit up 4.5x year-on-year, driven by strong performance from VinFast and Vinhomes.
Key Facts
- Vingroup’s state budget contribution in 2025 reached VND 148,773 billion, up 165% from VND 56,200 billion in 2024.
- 2025 consolidated revenue: VND 332,808 billion, up 76% year-on-year.
- 2025 net profit after tax: VND 11,146 billion, up 111% year-on-year.
- H1 2026 consolidated revenue: VND 222,300 billion, up 72.5% year-on-year.
- H1 2026 net profit after tax: VND 20,375 billion, up 4.5x year-on-year, completing 58% of the full-year plan.
- VinFast delivered 115,916 EVs in Vietnam in H1 2026, up 72% year-on-year; global sales reached 128,662 units, up 78%.
- Vinhomes reported H1 2026 revenue of VND 134,200 billion, up 3x year-on-year.
What Happened
According to the PRIVATE 100 2026 list published by CafeF, Vingroup set a new record for state budget contributions by a private enterprise in Vietnam, paying VND 148,773 billion in 2025. This marks the first time a company has contributed over VND 100,000 billion in a single year, averaging over VND 407 billion per day.
The company’s 2025 financial results show total revenue of VND 332,808 billion and net profit of VND 11,146 billion, representing increases of 76% and 111% respectively. The growth continued into the first half of 2026, with revenue up 72.5% and net profit up 4.5x, reaching VND 222,300 billion and VND 20,375 billion respectively.
Market Context
VIC closed at VND 236,000 on August 31, 2026. The stock has been supported by the conglomerate’s diversified ecosystem, which spans real estate (Vinhomes), automotive (VinFast), and technology. The H1 2026 results show accelerating profit growth, with VinFast maintaining its leading position in Vietnam’s EV market and expanding globally with 474 showrooms across Asia.
Strategic Significance
The record state budget contribution and strong financial performance underscore Vingroup’s scale and its role as a key driver of Vietnam’s private sector. The company’s strategic focus on green energy and infrastructure, alongside its core real estate and automotive businesses, positions it to benefit from Vietnam’s economic growth. The 4.5x profit increase in H1 2026 suggests that the conglomerate’s investments in VinFast and Vinhomes are beginning to yield significant returns, potentially supporting long-term shareholder value.
What to Watch
- VinFast’s global delivery numbers for Q3 2026, particularly in international markets.
- Vinhomes’ quarterly revenue and any new project launches.
- Vingroup’s progress on green energy and infrastructure projects.
- Any updates on the company’s full-year 2026 profit guidance and achievement.
- Regulatory or policy changes affecting the real estate or automotive sectors in Vietnam.