Vingroup (VIC) Raises 2026 Targets: 485 Trillion VND Revenue, 35 Trillion VND Net Profit

Overview

Vingroup (VIC) has officially raised its 2026 business plan targets, aiming for revenue of 485 trillion VND (up 46% versus 2025) and net profit of 35 trillion VND (triple the previous year). The upward revision, signed by Chairman Phạm Nhật Vượng, will be presented for approval at the Annual General Meeting scheduled for April 22. This adjustment follows similar target increases by key subsidiaries Vinhomes and Vinpearl, signaling a coordinated growth push across the conglomerate’s ecosystem.

Key Facts

• Vingroup targets 2026 revenue of 485 trillion VND, a 46% increase over the 2025 result of 331.838 trillion VND.
• The 2026 net profit target is 35 trillion VND, triple the 2025 net profit of 11.065 trillion VND.
• The new plan represents an upward revision of 35 trillion VND in revenue and 10 trillion VND in net profit compared to the previously announced 2026 targets (450 trillion VND revenue, 25 trillion VND profit).
• The company will not pay dividends for 2025, retaining all profits for reinvestment in business operations.
• The targets are scheduled for presentation and approval at the Annual General Meeting on April 22, 2026.
• Subsidiary Vinhomes has also raised its 2026 targets to 285 trillion VND revenue and 60 trillion VND net profit.
• Vinpearl has similarly adjusted its 2026 business plan upward, though specific figures are not detailed in the provided excerpt.

What Happened

According to an updated document dated April 20, 2026, Vingroup’s Board of Directors, led by Chairman Phạm Nhật Vượng, approved a significant upward revision of the group’s 2026 business plan. The new targets set revenue at 485 trillion VND and net profit after tax at 35 trillion VND. This revision increases the previous 2026 plan by 35 trillion VND in revenue and 10 trillion VND in profit. The document states these targets will be presented to shareholders at the Annual General Meeting on April 22 for approval.

The article notes that Vingroup’s 2025 performance saw revenue of 331.838 trillion VND and net profit of 11.065 trillion VND, representing year-on-year growth of 75% and 110%, respectively. Despite this record performance, the company plans to retain all 2025 profits to fund business operations. The revision aligns with earlier adjustments made by subsidiaries Vinhomes and Vinpearl, indicating a group-wide strategy to pursue more aggressive growth.

Market Context

Vingroup (VIC) is listed on the Ho Chi Minh City Stock Exchange (HOSE). The stock closed at 177 VND on April 15, 2026, up 6.95% on volume of 6.36 million shares. This price action may reflect preliminary market reaction to expectations of strong corporate guidance ahead of the formal AGM announcement. As Vietnam’s largest conglomerate, spanning real estate, automotive, and tourism, VIC’s revised targets signal confidence in a broad-based recovery and expansion across its core sectors.

Strategic Significance

The revised 2026 plan underscores Vingroup’s strategic pivot toward accelerated growth, funded internally through profit retention and externally through planned capital mobilization. The focus on infrastructure, green energy, and culture as key growth vectors aligns with national development priorities and positions the group to capture long-term thematic demand. The coordinated target hikes across Vinhomes (real estate), VinFast (automotive with a 2026 target of 300,000 EV deliveries), and Vinpearl (tourism) suggest an integrated ecosystem strategy where synergies are expected to drive profitability beyond standalone unit performance.

What to Watch

• Official shareholder approval of the revised 2026 business plan at the Annual General Meeting on April 22, 2026.
• Detailed capital mobilization plans, including the structure and timing of domestic and international financial instruments.
• Quarterly earnings reports from VIC and its subsidiaries to track progress toward the elevated 2026 revenue and profit targets.
• Operational milestones for VinFast, including the commercialization of new B- and C-segment vehicle models from 2026 and progress toward the 300,000 EV delivery target.
• The launch timeline and initial reception of Vinpearl’s new tourism complex in Tuyên Quang, positioned as a cultural-ecological destination.