Vingroup (VIC) Raises 2026 Targets to 485T VND Revenue, 35T VND Profit

Overview

Vingroup Joint Stock Company (VIC) revised its 2026 business plan upward at its Annual General Meeting (AGM) on April 22, 2026, targeting revenue of 485 trillion VND and after-tax profit of 35 trillion VND. The conglomerate, led by Chairman Pham Nhat Vuong, adjusted these targets just two days before the meeting, reflecting confidence in its operational performance and future prospects.

Key Facts

• VIC’s revised 2026 revenue target is 485 trillion VND, a 45.7% increase compared to 2025 actuals.
• The revised 2026 after-tax profit target is 35 trillion VND, triple the previous year’s figure.
• These targets were raised from prior guidance announced on April 1, 2026, which was 450 trillion VND in revenue and 25 trillion VND in profit.
• The adjustment adds 35 trillion VND to revenue and 10 trillion VND to after-tax profit compared to the earlier plan.
• The AGM in Hà Nội had participation representing 86.51% of voting shares.
• Chairman Pham Nhat Vuong addressed shareholder questions, emphasizing collective effort for national growth.
• VIC stock closed at 177 on April 15, 2026, up 6.95% with volume of 6,358,300 shares.

What Happened

At its Annual General Meeting held in Hà Nội on April 22, 2026, Vingroup’s Board of Directors presented shareholders with an elevated business plan for 2026. According to the company’s filing, the new targets set revenue at 485 trillion VND, a 45.7% year-on-year increase from 2025, and after-tax profit at 35 trillion VND, which is three times the previous year’s level. The company stated that this revision, made just two days prior to the AGM, was based on actual operational results and the business outlook for Vingroup and its subsidiaries.

During the meeting, Chairman Pham Nhat Vuong directly responded to shareholder inquiries. When asked about Vietnam’s growth targets, he emphasized that achieving high growth requires the collective effort of the state, businesses, and citizens. He noted, “There is nothing extraordinary that can be done in an ordinary way,” underscoring the need for determination and unity. The chairman expressed belief in Vietnam’s growth potential, citing the country’s low starting point as creating significant feasibility for rapid expansion.

Market Context

VIC, listed on the Ho Chi Minh City Stock Exchange (HOSE), saw its share price close at 177 on April 15, 2026, marking a 6.95% increase with substantial trading volume of over 6.3 million shares. This price movement occurred ahead of the AGM, potentially reflecting market anticipation of positive developments. As Vietnam’s largest conglomerate, spanning real estate, automotive, and technology sectors, VIC’s revised guidance signals robust confidence in its diversified business model amid broader economic discussions about Vietnam’s growth trajectory.

Strategic Significance

The upward revision of VIC’s 2026 targets, particularly the tripling of after-tax profit, indicates a strategic shift towards higher profitability and scale. This move aligns with Chairman Vuong’s public emphasis on execution and collective national effort, suggesting Vingroup is positioning itself to capitalize on Vietnam’s economic momentum. For long-term investors, this reflects the company’s confidence in its operational leverage and the successful integration of its subsidiaries, potentially driving revaluation if the targets are met.

What to Watch

• VIC’s quarterly earnings releases in 2026 to track progress toward the 485 trillion VND revenue and 35 trillion VND profit targets.
• Operational updates from key subsidiaries like VinFast and Vinhomes, which contribute significantly to group performance.
• Broader economic indicators in Vietnam, as Vingroup’s performance is closely tied to domestic growth.
• Any further guidance revisions or strategic announcements from VIC management.
• Foreign ownership and institutional investment flows into VIC stock following the revised targets.