Vingroup (VIC) Sets Record 2026 Targets: 485 Trillion VND Revenue, 35 Trillion VND Net Profit

Overview

Vingroup (VIC) held its 2026 Annual General Meeting on April 22, reporting strong 2025 results and unveiling record-breaking targets for 2026. The conglomerate aims for net profit of 35 trillion VND, a 215% increase from 2025, driven by its technology, automotive, and real estate pillars.

Key Facts

• Vingroup’s 2025 consolidated revenue reached 331.8 trillion VND, up 76% year-on-year.
• 2025 net profit after tax was 11.1 trillion VND, exceeding the plan.
• 2026 targets: net revenue of 485 trillion VND and net profit of approximately 35 trillion VND (record high).
• VinFast targets delivery of 300,000 electric cars in 2026, up 1.5x from 2025.
• VinFast also aims for e-scooter production of about 1 million units, at least 2.5x growth.
• Vingroup’s market capitalization surpassed 1 quadrillion VND in 2025.
• Vingroup was named in TIME’s “Top 500 Best Companies in Asia-Pacific 2026.”

What Happened

At the 2026 Annual General Meeting on April 22, Vingroup reported 2025 consolidated revenue of 331.8 trillion VND (+76% vs 2024) and net profit of 11.1 trillion VND, beating its plan. The company also set record 2026 targets: net revenue of 485 trillion VND and net profit of about 35 trillion VND, a 215% increase from 2025.

Vice Chairman Nguyen Viet Quang presented the results and targets. The growth strategy focuses on three pillars: Technology-Industry (VinFast), Real Estate (Vinhomes), and Tourism-Entertainment (Vinpearl). VinFast aims to deliver 300,000 EVs in 2026 and produce about 1 million e-scooters. Vinhomes will continue developing mega-cities in Ho Chi Minh City, Da Nang, and Quang Ninh.

Market Context

VIC shares closed at 177 VND on April 15, 2026, up 6.95% with heavy volume of 6.36 million shares. The stock has been supported by strong 2025 results and the ambitious 2026 guidance. Vingroup is listed on HOSE and is the largest private conglomerate in Vietnam by market cap, which surpassed 1 quadrillion VND in 2025.

Strategic Significance

The 2026 targets reflect Vingroup’s aggressive push to scale its automotive and real estate businesses. VinFast’s goal of 300,000 EV deliveries is critical for establishing global brand presence and achieving economies of scale. Vinhomes’ mega-city projects provide long-term land bank value and recurring revenue. The record profit target implies margin expansion, likely from higher-margin EV sales and property handovers.

What to Watch

• VinFast’s monthly EV delivery reports, especially in international markets.
• Q1 2026 earnings release to gauge early progress toward annual targets.
• Updates on Vinhomes’ new project launches and pre-sales.
• Any capital raising or partnership announcements to fund the expansion.
• Foreign ownership limit changes or investor sentiment shifts.