Vinhomes targets record-high revenue of $4.3 bln in 2023
Vinhomes, a subsidiary of Vietnam’s largest listed conglomerate Vingroup, will ask shareholders to approve a 2023 revenue target of VND100 trillion ($4.25 billion) and after-tax profit of VND30 trillion ($1.28 billion).
The target revenue is a record high, up 60% year-on-year, while the target after-tax profit is a 3% increase.

A Vinhomes project in HCMC. Photo Courtesy of the company.
The firm, listed on the Ho Chi Minh City as VHM, aims to push sales of remaining apartments at Vinhomes Ocean Park 2 and 3 in Gia Lam district, Hanoi. It plans to launch new big urban area projects this year, depending on market conditions.
Vinhomes will continue opening two social housing projects named Happy Home for sale in Thanh Hoa and Quang Tri provinces. The firm will also complete the legal process to expand Happy Home to Hai Phong city, Hung Yen province and Khanh Hoa province. This is one of Vinhomes’ development focuses.
The developer is actively promoting investment activities to increase the occupancy rate of industrial real estate projects in Cat Hai district, Hai Phong city.
With the advantage of land funds, experience in project development and factors supporting industry growth, Vinhomes will also finish the legal process and build infrastructure for some industrial park (IP) projects this year.
The firm will research and applying modern industrial real estate models like smart IPs, ecological IPs, and large-scale specialized IPs, it said.
Vinhomes will hold its annual general meeting of shareholers on April 27.
- Read More
VCCI proposes not to exempt goods imported via e-commerce
The Vietnam Chamber of Commerce and Industry (VCCI) has proposed the government implement a comprehensive import tax policy that eliminates exemptions or reductions for goods imported through e-commerce channels.
Economy - Mon, May 26, 2025 | 2:22 pm GMT+7
Bidding process underway for Ca Na LNG-fueled power project in central Vietnam
Companies will submit bids for the Ca Na LNG-to-power project in south-central Vietnam's Ninh Thuan province until June 30, 2025.
Energy - Mon, May 26, 2025 | 12:56 pm GMT+7
Vietnam's top private firm Vingroup proposes $4.5 bln wind power project in HCMC
Vingroup, a leading Vietnamese property developer and carmaker, has proposed to invest in a nearshore wind power project worth $4.5 billion in Can Gio, the only coastal district in Ho Chi Minh City.
Energy - Mon, May 26, 2025 | 8:58 am GMT+7
Vietnam's galvanized steel major Ton Dong A seeks HCMC bourse listing after 2 years of missing out
Profits of Ton Dong A Corporation, a major manufacturer of galvanized steel sheets in Vietnam, have been affected by the declines in overseas market demand due to stricter trade policies.
Companies - Sun, May 25, 2025 | 4:24 pm GMT+7
Vietnam's coffee chain Every Half raised $3 mln in pre-series A funding round
Every Half Coffee Roasters has raised $3 million in its pre-series A funding round, with continued investment from Openspace Ventures and DSG Consumer Partners - two funds that have supported the company since the beginning.
Finance - Sun, May 25, 2025 | 11:32 am GMT+7
Steel giant Hoa Phat to develop $162 mln industrial park in central Vietnam
Hoa Tam Industrial Park Infrastructure Development JSC, a subsidiary of Vietnam’s major steelmaker Hoa Phat Group, will develop the Hoa Tam Industrial Park (IP) first phase in the central province of Phu Yen province, with an investment of nearly VND4.2 trillion ($161.82 million).
Real Estate - Sun, May 25, 2025 | 10:19 am GMT+7
Vietnam’s leading retailer Mobile World posts 13% revenue growth in Jan-Apr
Vietnamese retail giant Mobile World Investment Corp (HoSE: MWG) reported a 13% year-on-year rise in revenue to VND48.6 trillion ($1.77 billion) in the first four months of this year, reaching 32% of its full-year target.
Companies - Sun, May 25, 2025 | 8:00 am GMT+7
Samsung Vietnam seeks VAT refund for HCMC subsidiary
Samsung Vietnam CEO Na Ki-hong brought up the issue of value-added tax (VAT) refunds for Samsung Electronics HCMC CE Complex (SEHC) in Ho Chi Minh City at his working session with Minister of Finance Nguyen Van Thang on Thursday.
Companies - Sat, May 24, 2025 | 2:48 pm GMT+7
Hundreds of wind, solar power investors petition Vietnam authorities to uphold feed-in tariffs
Investors and financial institutions related to 173 wind and solar power projects in Vietnam have called on the government to maintain the feed-in tariffs (FIT) and commercial operation dates (COD) previously recognized.
Energy - Sat, May 24, 2025 | 12:30 pm GMT+7
Why Vietnam struggles to attract private aviation investment
Vietnam’s aviation sector has grown rapidly, but its airport infrastructure struggles to keep up with rising demand, posing challenges for expansion and efficiency, writes Dr Chu Thanh Tuan, associate program manager of the Undergraduate Business Program at RMIT Vietnam.
Consulting - Sat, May 24, 2025 | 8:00 am GMT+7
Sun Group seeks support to accelerate 2 urban area projects in southern Vietnam
Sun Group, a leading real estate developer in Vietnam, on Thursday asked Binh Duong province authorities for more support to speed up its two major urban area projects.
Real Estate - Fri, May 23, 2025 | 11:16 pm GMT+7
Hyundai Life enters Vietnam’s consumer goods market
Hyundai Life, a subsidiary of South Korea's top-tier industrial brand Hyundai Corporation Holdings, has officially entered the Vietnamese market, launching three product lines: home appliances, lighting equipment, and smart door locks.
Companies - Fri, May 23, 2025 | 10:44 pm GMT+7
China’s C&D Group plans $2 bln paper, pulp facility in central Vietnam
C&D Group of China, which ranks 85th on the Fortune Global 500, has proposed a $2 billion finished paper and pulp facility in Vietnam’s central province of Quang Binh.
Industries - Fri, May 23, 2025 | 4:50 pm GMT+7
Logistics, free trade zone projects proposed for My Thuy Port area in central Vietnam
My Thuy International Port Joint Venture Company (MTIP) has proposed studying several projects associated with its investment in My Thuy Port of Quang Tri province, central Vietnam.
Infrastructure - Fri, May 23, 2025 | 3:10 pm GMT+7
Packaging plays key role in attracting Thai consumers: Central Retail exec
Vietnamese businesses need to prioritize eco-friendly and modern packaging designs to appeal to Thai consumers, said Chailermchai Pornsiripiyakool, head of CSR & international corporate affairs at Central Retail.
Companies - Fri, May 23, 2025 | 2:41 pm GMT+7
VSIP eyes $86 mln residential project in central Vietnam
VSIP Nghe An Co. Ltd., the developer behind facilities under the Vietnam-Singapore Industrial Park (VSIP) model, has proposed a VND2.24 trillion ($86.3 million) residential area project in the central province of Nghe An.
Real Estate - Fri, May 23, 2025 | 1:16 pm GMT+7