Vinhomes (VHM) Raises 2026 Revenue and Profit Targets by 14% and 20%

Overview

Vinhomes Joint Stock Company (VHM) raised its 2026 revenue target to VND 285,000 billion and net profit target to VND 60,000 billion, representing increases of 14% and 20% respectively from its initial plan. The revision, disclosed in an AGM document filing on April 20, propelled VHM shares up 6.9% and provided the primary lift for the VN-Index that session.

Key Facts

• VHM raised its 2026 revenue target to VND 285,000 billion, a 14% increase from the prior plan.
• The 2026 net profit target was raised to VND 60,000 billion, a 20% increase.
• The upward revision adds VND 35,000 billion to revenue and VND 10,000 billion to profit versus the initial targets.
• The adjustment was filed on April 20, one day before the scheduled Annual General Meeting of Shareholders (AGM) on April 21.
• VHM stock surged 6.9% to close at VND 145,100 per share on the Ho Chi Minh City Stock Exchange (HOSE) following the news.
• The rally contributed 8.16 points to the VN-Index’s 19.94-point gain, which closed at 1,837.11.
• Other Vingroup-affiliated stocks also rose: VIC (+1.6%), VPL (+3%), and VRE (+3%).

What Happened

Vinhomes (VHM) adjusted its shareholder meeting materials on April 20, raising its financial targets for 2026. According to the filing, the company now aims for revenue of VND 285,000 billion and net profit of VND 60,000 billion for that year. This represents an increase of VND 35,000 billion in revenue and VND 10,000 billion in profit compared to the initial plan published approximately three weeks earlier.

The announcement came just ahead of the company’s Annual General Meeting of Shareholders, scheduled for April 21. The news triggered a sharp positive reaction in VHM’s stock price, which rose 6.9% to close at VND 145,100 on the HOSE. The surge made VHM the primary driver of the VN-Index’s gain for the session, contributing 8.16 points to the benchmark’s 19.94-point advance.

Market Context

VHM trades on the Ho Chi Minh City Stock Exchange (HOSE) and is a core component of the VN30 large-cap basket. Prior to the announcement, VHM closed at VND 138 on April 15, up 6.83% on volume of 6.25 million shares. The April 20 rally to VND 145,100 extended this momentum, underscoring the market’s positive reception to the raised guidance. The move also lifted other Vingroup-affiliated stocks (VIC, VPL, VRE), highlighting the group’s outsized influence on index performance. However, the broader market displayed divergence, with the HNX-Index declining 1.03% amid weakness in mid- and small-cap stocks.

Strategic Significance

The revised targets signal management confidence in Vinhomes’ project pipeline and execution capabilities over the medium term. For long-term investors, the upward revision—coming just weeks after the initial plan—suggests either accelerated project timelines, stronger-than-expected pre-sales, or improved margin assumptions. In Vietnam’s competitive real estate sector, this proactive guidance increase may reinforce VHM’s position as a market leader capable of delivering growth even amid broader economic fluctuations.

What to Watch

• The 2026 AGM proceedings and any further details on the drivers behind the target increase.
• Quarterly earnings reports, particularly Q2 and Q3 2024, to assess progress toward the revised 2026 goals.
• Updates on Vinhomes’ major project launches and sales velocity in key markets like Hanoi and Ho Chi Minh City.
• Broader real estate sector policy developments from the State Bank of Vietnam and Ministry of Construction.
• Foreign ownership ratio filings, as increased institutional interest could follow the raised guidance.