Vingroup reports strong performance in 9 months

Vietnam’s leading private conglomerate Vingroup (HoSE: VIC) recorded consolidated net revenue of VND169.61 trillion ($6.45 billion) in the first nine months of 2025, up 34% year-on-year, reflecting strong momentum across its core business segments.

Its consolidated net profit reached VND7.57 trillion ($287.48 million) in the period, up 1.9-fold from the same period in 2024, achieving 76% of the company’s full-year target, according to its Q3 consolidated financial statements.

As of September 30, Vingroup’s total assets stood at nearly VND1,090 trillion ($41.31 billion), up 30% from December 31, 2024. This milestone makes the group the first private company and the second non-bank enterprise, after state-owned Petrovietnam, to hit this level.

Vingroup operates across five business pillars: industrials & technology, real estate & services, infrastructure, green energy, and social enterprises.

In the industrials-technology segment, its electric vehicle (EV) unit VinFast continued impressive growth in the first three quarters, delivering 110,362 units globally, up 149% from the same period last year.

In the domestic market, it recorded 103,884 units, the highest ever for any automotive brand in Vietnam. Models VF 3, VF 5, VF 6, and Herio Green all ranked among the best-sellers, reflecting strong consumer confidence at home.

In the electric scooter segment, VinFast continued to lead Vietnam’s green transition, delivering 234,536 units in the nine months, nearly six times the 2024 volume. In September, the carmaker launched three new-generation electric scooter models - Vero X, Feliz and Feliz Lite - featuring dual-battery designs, with one removable battery to extend range and enhance flexibility.

Meanwhile, VinFast and V-Green, the global EV charging station arm of Vingroup, continued expanding the green ecosystem with nationwide battery-swapping stations, deployed in partnership with major retail chains such as FPT Shop and Mobile World, aimed at improving the user mobility experience.

In September, V-Green and delivery giant Viettel Post signed an MoU, under which the two sides will jointly optimize their existing business networks to simultaneously expand two key infrastructure types: EV charging stations and smart delivery cabinets.

In October, Vingroup officially entered the metallurgical industry with the launch of VinMetal, further expanding its existing industrials-technology segment.

VinMetal has an initial investment of VND10 trillion ($380 million), with plans to build a high-tech industrial steel production complex in Vung Ang, Ha Tinh province, central Vietnam. Phase 1 will have a capacity of around 5 million tons per year.

In the commercial-services segment, its real estate arm Vinhomes (HoSE: VHM) posted strong sales in major urban developments, with total recognized revenue of VND162.58 trillion ($6.18 billion), up 96% year-on-year.

Unrecognized sales reached VND223.94 trillion ($8.51 billion), up 93% from the end of Q3/2024 - a record high - laying a solid foundation for future business performance of Vinhomes.

Last month, Vingroup unveiled Vin New Horizon, a network of premium retirement and wellness communities built to international standards, marking the Vietnamese conglomerate’s strategic entry into the senior living market.

The model aims to deliver not only housing, medical care, and leisure, but also a holistic environment that promotes active, purposeful living for Vietnam’s rapidly aging population, the group said. Vingroup plans to roll out Vin New Horizon first in Can Gio urban area in HCMC and then other localities.

In the hospitality and tourism segment, benefiting from the sector’s strong recovery, Vinpearl posted positive results, with total operating revenue of VND12.7 trillion ($482.62 million) in the first nine months.

In early October, Vinpearl Golf Léman - a 36-hole, over 200-hectare masterpiece with a unique design and five-star amenities - opened in Cu Chi, HCMC, earning recognition as one of Asia’s longest golf courses.

In the green energy field, in September, Vingroup commenced construction on two big projects - Phase 1 of the Tan Trao Industrial Park and the Hai Phong LNG-to-power plant, the largest of its kind in Vietnam.

The Tan Trao Industrial Park, with an investment VND4 trillion ($152 million) for Phase 1, is developed by Vinhomes Hai Phong Industrial Park Investment JSC. It covers nearly 227 hectares in Kien Hung and Nghi Duong communes.

Tan Trao is expected to become one of Hai Phong’s new growth drivers and a model industrial hub for the entire country. It will gather tens of thousands of highly skilled workers from across Vietnam and abroad.

The 4,800 MW Hai Phong LNG power plant, located within the Tan Trao Industrial Park, has a total investment of over VND178 trillion ($6.76 billion).

The 100-hectare facility will be constructed over five years and is scheduled to begin operations by late 2030. It will supply about 9.6 billion kWh per year in Phase 1 and 19.2 billion kWh per year in Phase 2, serving both the Tan Trao Industrial Park and the national grid, thereby enhancing energy security and reducing reliance on traditional fossil fuels.

For education, Vinschool opened two new campuses for the 2025-2026 school year at Vinhomes Grand Park in HCMC and Vinhomes Ocean Park in Hanoi.

On the Ho Chi Minh Stock Exchange (HoSE), VIC shares closed Friday at VND191,000 ($7.26) apiece.