Vinhomes (VHM) Raises 2026 Revenue Target by 35 Trillion VND, Profit by 10 Trillion VND

Overview

Vinhomes Joint Stock Company (VHM) unexpectedly revised its 2026 financial targets upward, raising its revenue goal by VND 35 trillion to VND 285 trillion and its net profit target by VND 10 trillion to VND 60 trillion. The announcement, made ahead of the company’s annual shareholder meeting on April 21, 2026, drove VHM’s stock price to a 6.93% ceiling gain and provided a positive catalyst for the broader Vin-group stocks and the VN-Index.

Key Facts

• Vinhomes (VHM) raised its 2026 revenue target to VND 285 trillion, an increase of VND 35 trillion from prior guidance.
• The company raised its 2026 net profit target to VND 60 trillion, an increase of VND 10 trillion.
• The new targets represent 86% revenue growth and 38% net profit growth compared to 2025 results.
• VHM stock closed at VND 145,100 per share on April 20, hitting the daily ceiling with a 6.93% gain and trading volume exceeding 6.8 million units.
• The VN-Index rose 19.94 points to 1,837.11 points on the same day.
• Other Vin-group stocks also gained: VIC (+1.65%), VRE (+6.97%), and VPL (+3.02%).
• The guidance revision was disclosed in materials ahead of the Annual General Meeting of Shareholders scheduled for April 21, 2026.

What Happened

On April 20, 2026, Vinhomes (VHM) announced a significant upward revision to its 2026 financial targets. According to the company’s filing ahead of its Annual General Meeting of Shareholders, VHM now expects to achieve revenue of VND 285 trillion and net profit of VND 60 trillion for the year. This represents an increase of VND 35 trillion in revenue and VND 10 trillion in net profit compared to the company’s previously disclosed targets.

The new targets imply substantial year-over-year growth. Compared to Vinhomes’ 2025 results, the 2026 revenue target represents an 86% increase, while the net profit target represents a 38% increase. If achieved, the VND 60 trillion net profit would be the highest in the company’s history. The announcement served as a key catalyst for trading on April 20, helping reverse an early-session decline for VHM stock.

Market Context

VHM is listed on the Ho Chi Minh Stock Exchange (HOSE). The stock had closed at VND 138 on April 15, 2026, after a 6.83% gain. The April 20 rally to VND 145,100 (+6.93%) occurred amid a broader market upswing, with the VN-Index adding nearly 20 points. The positive sentiment spilled over to other major real estate and Vin-group stocks, including VIC, VRE, and VPL, which all closed higher. The move highlights the market’s sensitivity to guidance revisions from large-cap leaders like Vinhomes, especially ahead of key corporate events.

Strategic Significance

The revised targets signal strong management confidence in Vinhomes’ project pipeline and execution capabilities for 2026. The magnitude of the increase—particularly the 86% projected revenue growth—suggests an acceleration in property handovers or new project launches. For long-term investors, this underscores Vinhomes’ dominant position in Vietnam’s residential real estate sector and its ability to scale operations significantly, potentially widening its competitive moat against smaller rivals.

What to Watch

• Official approval of the revised business plan at the Vinhomes Annual General Meeting on April 21, 2026.
• Quarterly financial results in 2026, starting with Q1, to track progress toward the new revenue and profit targets.
• Updates on specific project launches or sales campaigns that underpin the increased guidance.
• Performance of other Vin-group stocks (VIC, VRE, VPL) to gauge continued spillover effects.
• Broader real estate sector data and policy developments that could impact Vinhomes’ execution.