Vingroup, Vinhomes lift 2026 profit targets, sending shares higher

Vietnamese conglomerate Vingroup (HoSE: VIC) and its subsidiary Vinhomes (HoSE: VHM) said they will seek shareholder approval to raise their 2026 revenue and profit targets at the upcoming AGM.

Under the revised plan, Vingroup targets revenue of VND485 trillion ($18.42 billion) and net profit of VND35 trillion ($1.33 billion), up by VND35 trillion ($1.33 billion) and VND10 trillion ($379.9 million), respectively, from earlier projections.

At Vinhomes, the revised plan targets revenue of VND285 trillion ($10.82 billion) and net profit of VND60 trillion ($2.28 billion), also up by VND35 trillion and VND10 trillion, respectively, from previous targets.

Following the announcement, both VIC and VHM shares staged a sharp reversal on Monday.

VIC swung from a drop of more than 5%, falling below VND179,000, ($6.8) to close at VND191,000 ($7.3), up 1.65%. VHM also reversed earlier losses of about 2.7%, rebounding from VND132,100 ($5) to hit its daily limit at VND145,100 ($5.5).

This year, Vinhomes is set to remain the main driver of revenue and profit for the Vingroup ecosystem.

Vinhomes will focus on boosting sales through the launch of new projects in Ho Chi Minh City in southern Vietnam, Danang in the central region and Quang Ninh in the north, alongside sales at existing developments via both retail and bulk transactions.

The company will focus on end-user demand at integrated mega-urban developments built to ESG (environmental, social and governance)-aligned standards, prioritizing green, smart and sustainable growth.

It will step up transit-oriented development (TOD) and social housing projects in rapidly urbanizing areas with strong transport links, aiming to ease population pressure and support the formation of new economic hubs.

Vinhomes is set to launch multiple new projects in 2026. The company is relatively well-positioned to navigate near-term challenges, thanks to its strong financial capacity, proactive strategy and strategic partnerships, according to Vietnamese brokerage Vietcap Securities. Its project pipeline is also expected to benefit from long-term infrastructure development.

Vietcap noted that preparatory work and infrastructure construction at upcoming projects such as Hai Van Bay - an international-standard resort city in Danang - and Ha Long Xanh urban area in Quang Ninh are progressing.

As a result, sales activities - including both retail and bulk transactions at new projects as well as subsequent phases of existing developments - are likely to accelerate toward the end of 2026.

Vietcap forecasts total contracted sales of about VND633 trillion ($24.04 billion) for Vinhomes over 2026-2028, with 47% coming from ongoing projects and 53% from new developments.