Vingroup posts record profit, revenue in 2025 on property surge, manufacturing expansion

Vingroup, Vietnam's largest private company by market cap, reported net profit of nearly VND11.15 trillion ($429.68 million) in 2025, up 111% year-on-year, supported by a sharp rebound in real estate sales and continued expansion in manufacturing.

The net profit exceeded the company's target approved at its annual shareholders’ meeting, according to Q4 earnings statements.

The results marked the first time Vingroup’s annual profit exceeded VND10 trillion, reflecting strong cash generation from large-scale property developments nationwide alongside growth in its industrial businesses.

Vingroup (HoSE: VIC) posted VND332.77 trillion ($12.83 billion) in consolidated net revenue in 2025, up 76% year-on-year, the highest in the group’s history. This makes Vingroup the first private company in Vietnam to surpass VND300 trillion ($11.57 billion) in annual revenue.

As of December 31, 2025, total assets rose to about VND1.12 quadrillion ($43.18 billion), up by nearly VND300 trillion ($11.57 billion) from a year earlier, giving Vingroup the largest asset base among Vietnam’s non-financial companies.

Short-term receivables and inventories accounted for nearly half of total assets, at around VND257 trillion ($9.91 billion) and VND207 trillion ($7.98 billion), respectively.

Total liabilities increased to roughly VND970 trillion ($37.39 billion), including financial borrowings of VND335.42 trillion ($12.93 billion), more than twice the group’s equity.

Within its industrial arm, electric vehicle maker VinFast doubled global deliveries to 196,919 vehicles in 2025, with Q4 sales hitting a record 86,557 units. In Vietnam, VinFast delivered more than 175,000 electric cars, maintaining its position as the domestic market leader, and sold 406,453 electric motorbikes, ranking first in that segment.

Internationally, VinFast continued to expand in Asia. In December 2025, it inaugurated a factory in Indonesia with an initial capacity of 50,000 vehicles a year, lifting its total global production capacity to about 600,000 vehicles annually.

In property development, Vinhomes (HoSE: VHM) booked record contracted sales of VND205.3 trillion ($7.91 billion), double the level in 2024, driven by launches of four major projects in Hanoi, Ho Chi Minh City, Hai Phong, and Tay Ninh. Unrecognized sales reached VND186.4 trillion ($7.19 billion) at year-end, up 98% year on year.

In hospitality and tourism, Vinpearl recorded nearly 2.3 million booked room-night transactions last year, up 21% from a year earlier, with occupancy rising to 52%. VinWonders theme parks attracted more than nine million visitors, an increase of nearly 17%.

VIC shares closed at VND140,500 ($5.42) each on Friday.