Vingroup (VIC) Raises 2026 Revenue Target by VND 35T, Profit by VND 10T Ahead of AGM

Overview

Vingroup Joint Stock Company (HoSE: VIC) announced a significant upward revision to its 2026 business targets, increasing consolidated revenue by VND 35 trillion to VND 485 trillion and net profit by VND 10 trillion to VND 35 trillion. The updated plan, to be presented for shareholder approval at the Annual General Meeting on April 22, reflects strong 2025 performance and growth expectations across its subsidiaries. This guidance raise underscores the conglomerate’s ambitious expansion strategy across its core pillars of infrastructure, green energy, and culture.

Key Facts

• Vingroup raised its 2026 consolidated revenue target to VND 485 trillion, an increase of VND 35 trillion from the initial plan announced on April 1.
• The 2026 net profit target was raised to VND 35 trillion, an increase of VND 10 trillion from the initial plan.
• The new 2026 revenue target represents a 45.7% increase over the 2025 actual revenue of VND 332.808 trillion.
• The new 2026 net profit target is approximately triple the 2025 net profit of VND 11.146 trillion.
• Subsidiary Vinhomes adjusted its 2026 targets to VND 285 trillion in revenue and VND 60 trillion in net profit, up VND 35 trillion and VND 10 trillion respectively from its late-March plan.
• Subsidiary Vinpearl raised its 2026 net profit target to VND 3 trillion, double its previous plan and 2.7 times its 2025 result.
• VinFast targets delivering 300,000 electric vehicles and moving toward an output of one million electric motorcycles by 2026.

What Happened

On the morning of April 20, just two days before its Annual General Meeting, Vingroup Joint Stock Company (HoSE: VIC) disclosed updated business targets for 2026 in materials for the shareholder meeting scheduled for April 22. According to the filing, the group revised its 2026 consolidated revenue target upward to VND 485 trillion and its net profit target to VND 35 trillion. Compared to the initial plan announced on April 1, this represents an increase of VND 35 trillion in revenue and VND 10 trillion in profit.

Vingroup stated that the adjustment was based on actual business results and the growth prospects of the group and its member companies. The filing noted that 2025 revenue reached VND 332.808 trillion, up 76% year-on-year and a record high since its establishment, while net profit was VND 11.146 trillion, up 111% and exceeding the plan approved by shareholders. The group also outlined its focus on three core pillars—infrastructure, green energy, and culture—and plans to raise capital through various domestic and international financial instruments to support expansion.

Market Context

VIC shares closed at VND 177 on April 15, up 6.95% on volume of 6.36 million shares on the Ho Chi Minh Stock Exchange (HOSE). The stock’s recent strength may reflect investor anticipation of the AGM and positive sentiment around the group’s performance. As Vietnam’s largest listed conglomerate, VIC’s revised guidance often influences broader market sentiment, particularly in the real estate and industrial sectors where its subsidiaries operate.

Strategic Significance

The revised targets signal Vingroup’s confidence in executing a high-growth strategy across its diversified ecosystem. The specific increases for Vinhomes and Vinpearl indicate that real estate and tourism are expected to be key profit drivers, while VinFast’s production targets highlight the group’s commitment to scaling its electric vehicle business. The plan to raise capital through financial instruments suggests Vingroup is preparing to fund this expansion aggressively, potentially through debt or equity offerings that could impact its balance sheet and shareholder dilution.

What to Watch

• Shareholder vote on the revised 2026 business plan at the Annual General Meeting on April 22.
• Quarterly earnings reports from VIC and its key subsidiaries (VinFast, Vinhomes, Vinpearl) to track progress toward the new targets.
• Announcements regarding specific capital-raising instruments (e.g., bond issuances, equity placements) to fund expansion.
• VinFast’s monthly delivery figures and updates on cost-optimization solutions for its B- and C-segment vehicles, slated for commercialization from 2026.
• Launch progress of Vinpearl’s new resort project in Tuyên Quang, targeted for debut this year.