Financial Statements & Presentations

PRESS RELEASE 
VINHOMES REPORTS VND 25,625 BILLION IN NET PROFIT AFTER TAX FOR Q1/2026, UP 866% YEAR OVER YEAR

Hanoi, April 28, 2026 – Vinhomes Joint Stock Company (ticker: VHM) announced its consolidated financial statements for the first quarter of 2026, prepared in accordance with Vietnamese Accounting Standards (VAS), recording outstanding business performance and reaffirming a solid foundation to achieve its full-year targets for 2026.

In Q1/2026, Vinhomes recorded total consolidated net revenue of VND 65,114 billion, up 315% year-on-year (YoY). Total adjusted consolidated net revenue (including revenue from business cooperation contracts and bulk sales transactions recognized under financial income) reached VND 71,541 billion, representing a 271% increase YoY. Consolidated profit after tax reached VND 25,625 billion, up 866% compared to Q1/2025. Handover activities at Vinhomes Ocean City and Vinhomes Royal Island continued to be the key drivers contributing to the Company’s performance during the period.

Contracted sales in Q1/2026 and unrecognized sales backlog as of quarter-end reached VND 81,700 billion and VND 201,600 billion, respectively, increasing by 133% and 68% YoY. This was primarily driven by strong performance from large-scale urban township projects, particularly Vinhomes Green Paradise, Vinhomes Ocean City, and Vinhomes Hai Van Bay. These results provide a solid foundation to support revenue and profit growth in the coming quarters.

As of March 31, 2026, Vinhomes maintained a strong financial position, with total assets and total equity reaching VND 869,975 billion and VND 272,842 billion, respectively.

At the 2026 Annual General Meeting of Shareholders, the Company’s business plan for 2026 was approved, targeting total revenue of VND 285,000 billion and profit after tax of VND 60,000 billion.

Regarding project development, in late March 2026, Vinhomes officially launched Vinhomes Hai Van Bay, offering premium low-rise products to the market. Located in a prime area in northern Da Nang City, featuring a favorable feng shui setting with mountains at the back and sea views in front, the project achieved remarkable sales performance shortly after launch.

Meanwhile, the Vinhomes Global Gate Ha Long project, with an expected population of 380,000 residents, was initiated in late 2025. The project is being developed under a Transit-Oriented Development (TOD) model and aims to set new standards for ESG urban development based on three pillars: Green – Smart – Sustainable. With its strategic location and superior amenities, the project is expected to deliver strong results in 2026.

In terms of destination development strategy to enhance project value, Vinhomes urban areas continued to be highlights on Vietnam’s entertainment and culinary map during the Lunar New Year and early-year festive season. At Vinhomes Green Paradise, the largest spring festival in Vietnam attracted 10,000 visitors on its opening day and over 50,000 visitors throughout the event. The New Year Festival at Vinhomes Royal Island also drew large numbers of both domestic and international visitors to experience traditional Vietnamese cuisine and cultural performances. In Ocean City – Hung Yen, the Upbeat Ocean Countdown night and New Year fireworks show attracted hundreds of thousands of residents and visitors, gradually establishing the area as a new cultural and entertainment hub in eastern Hanoi.

At the same time, Vinhomes continues to invest in enhancing residents’ quality of life. Vinhomes urban areas are distinguished by synchronized, modern infrastructure and a wide range of services benefiting from the Vingroup ecosystem. In terms of digital transformation, all resident services are integrated into the V-App digital ecosystem, improving efficiency in urban management and operations.

In recognition of its continuous efforts, the Vinhomes brand was once again named among the Top 10 Most Reputable Real Estate Developers in 2026 by Vietnam Report. This marks the fourth consecutive year the Company has received this accolade, reflecting strong market trust and recognition. Beyond domestic rankings, Vinhomes has also gained international recognition by being included in TIME magazine’s list of the Top 500 Companies in Asia, based on in-depth analysis across three key criteria: Financial Performance, Sustainability Transparency (ESG), and Employee Satisfaction.

With a promising start in Q1, Vinhomes is accelerating the implementation of its 2026 business plan as approved by shareholders. Its strong financial foundation and proven capability in executing large-scale projects will continue to drive the Company in reinforcing its leading position in Vietnam while gradually expanding its presence in international markets.

PRESS RELEASE
VINHOMES REPORTS 1Q2025 REVENUE OF VND 15.7 TRILLION 

Hanoi, April 29, 2025 – Vinhomes JSC (HOSE: VHM) announced its consolidated financial statements for the first quarter of 2025, prepared in accordance with Vietnamese Accounting Standards (VAS), highlighting a stable business performance and a robust foundation as the real estate market enters a new growth cycle.

In Q1 2025, Vinhomes recorded consolidated net revenue of VND 15.7 trillion. Consolidated adjusted revenue – which includes income from business cooperation contracts and bulk sales recognized as financial income – reached VND 19.3 trillion, up 124% year-on-year. Net profit after tax came in at VND 2.7 trillion, an increase of 193% compared to 1Q2024. The key contributors to this quarter’s performance were continued handovers at Vinhomes Royal Island and Vinhomes Ocean Park 2-3. 

Q1 presales and unbilled bookings as of quarter-end reached VND 35 trillion and 120 trillion, respectively, representing increases of 116% and 7% compared to the same period last year, driven by strong performance at mega-urban projects, particularly Vinhomes Wonder City in western Hanoi, launched in mid-March. This provides a solid foundation to drive revenue and profit in the upcoming quarters for the Company.

At the 2025 Annual General Meeting, shareholders approved the business plan for the year, targeting VND 180 trillion in adjusted revenue and VND 42 trillion in post-tax profit.

As of March 31, 2025, Vinhomes maintained a solid financial position, with total assets and owner’s equity reaching VND 561.5 trillion and 223.4 trillion, respectively.

On the development front, Vinhomes officially launched its latest mega-urban project – Vinhomes Wonder City – in March 2025. The project offers a premium portfolio of low-rise residences backed by strong legal transparency. Strategically located in western Hanoi, Vinhomes Wonder City features high-end living standards and modern amenities. The project achieved exceptional sales performance upon launch, serving as a key driver of market liquidity in 2025. Notably, 92% of the units in the Hung Dong subzone were sold within just four days, while 70% of the Binh Minh subzone was absorbed on launch day, March 23, 2025.

In Ho Chi Minh City, Vinhomes Green Paradise in Can Gio commenced on April 19, 2025. Spanning 2,870 hectares with a projected population of 230,000, the project aims to set a new benchmark for ESG urban models, grounded in three pillars: green, smart, and ecological living. Earlier, on March 26, Vinhomes also broke ground on Vinhomes Green City (197.2 ha) in Hau Nghia, Duc Hoa, Long An province, marking a strategic expansion into northwestern HCMC and the Mekong Delta – a region poised for growth driven by public investment and transport infrastructure development.

As part of its destination development strategy aimed at enhancing project value, Vinhomes’ urban townships continued to shine as leading destinations for entertainment and culinary experiences in Vietnam during the Lunar New Year and early 2025 festival season. At Ocean City, the “Eastern Lights” Spring Festival, the largest of its kind in Vietnam, attracted over 10,000 visitors on opening day. The Ocean BBQ & Brew Festival at Sake Village also drew both domestic and international guests, offering a diverse culinary experience with 150 grilled dishes and 120 beer varieties across 64 booths. At Vinhomes Grand Park, the “Magical Tet” event welcomed more than 60,000 residents and millions of visitors. Meanwhile, Vinhomes Royal Island further strengthened its positioning as a premier venue for international events, hosting “Road to 8Wonder – The Next Icon”, which featured renowned K-pop star B.I and rising Vietnamese music talents such as Quang Hung MasterD, Rhyder, and Marzuz.

Vinhomes also accelerated investment in residential quality of life. At Vinhomes Royal Island, the premium Royal Marina yacht harbor was officially launched, alongside the connection of the Royal Bridge, marking the first anniversary of the project’s debut. Meanwhile, in Vinhomes Golden Avenue (Mong Cai, Quang Ninh), the exclusive Golden First Club for elite residents was inaugurated with a series of experiences.

In recognition of its relentless efforts, Vinhomes brand and its projects have been honored with three prestigious awards at the 5th Spring Real Estate Forum and the 2024–2025 Leading Real Estate Brand Awards. Additionally, Vinhomes continues to lead the industry, having been named one of the Top 10 Most Trusted Real Estate Developers for 2025 by Vietnam Report. This marks the third consecutive year that Vinhomes has received this recognition, reflecting the trust and high regard it holds within the market. Furthermore, in the ESG field, Vinhomes was awarded the "Enterprise for a Greener Community" prize at the inaugural Vietnam ESG Awards, reinforcing Vinhomes' leadership position in sustainable urban development and its pioneering role in integrating ESG criteria into operations.

With a decisive start to 2025, Vinhomes is committed to continuing its efforts to achieve the set objectives in the upcoming period, striving to complete the 2025 business plan recently approved by the General Shareholders’ Meeting, based on the positive outlook for the Vietnamese real estate market as it enters a new growth cycle.

PRESS RELEASE

VINHOMES REPORTS VND 11,000 BILLION IN NET PROFIT FOR 1H2025

Hanoi, July 30, 2025 – Vinhomes Joint Stock Company (HOSE: VHM) announced its Consolidated financial statements for the 2nd Quarter of 2025, prepared in accordance with Vietnamese Accounting Standards (VAS), reflecting the Company’s resilient operational performance and strong financial standing as Vietnam’s real estate sector recovered and enters a new phase of growth.

Contracted sales in the first half of 2025 reached VND 67,504 billion, up 31% YoY, demonstrating solid market demand as well as the effectiveness of the Company’s sales strategy amid the early stage of a new growth cycle. Unbilled revenue as of June 30, 2025 stood at VND 138,208 billion, up 16% YoY, providing revenue visibility and a strong foundation to meet the Company’s 2025 business targets as approved by the Annual General Meeting of Shareholders.

As of June 30, 2025, Vinhomes continued to maintain a strong balance sheet, with total assets of VND 658,042 billion and total equity of VND 230,611 billion — representing increases of 17% and 4%, respectively, compared to the end of 2024. Notably, cash and cash equivalents rose 69% to VND 48,672 billion, reflecting healthy operating cash flows.

Total consolidated net revenue for 1H2025 was VND 34,720 billion. On an adjusted basis, including proceeds from Business Cooperation Contracts (BCCs) and bulk sales recognized under financial income, total adjusted revenue reached VND 44,964 billion, net profit after tax for the period reached VND 11,000 billion.

As the majority of project handovers are scheduled for the second half of the year, first-half results came in similar to those of the same period last year. This performance remained well aligned with the execution plan. Key catalysts for the remainder of the year include the expected acceleration of handovers at core developments, alongside several bulk sales transactions currently under negotiation. These drivers are anticipated to support a strong rebound in revenue and earnings in the upcoming quarters, keeping Vinhomes on track to deliver its full-year 2025 targets of VND 180 trillion in adjusted revenue and VND 42 trillion in net profit.

In the second quarter of 2025, Vinhomes continued to lead new supply in the market with the concurrent launch of two new projects: Vinhomes Golden City (Duong Kinh), strategically located at the southeastern gateway of Hai Phong, and Vinhomes Green City (Hậu Nghĩa) in the emerging northwestern center of Ho Chi Minh City. Vinhomes Golden City — positioned as Hai Phong’s new international trade hub — achieved a remarkable sales milestone, with 100% of the first launch phase (Anh Sao zone) fully booked within just one hour. In the south, Vinhomes Green City — a premier all-in-one township in northwest Ho Chi Minh City — also delivered an exceptional performance, with over 2,000 units booked within the first 24 hours of launch. Meanwhile, Vinhomes Wonder City reaffirmed its position as a key growth engine in West Hanoi, with nearly 900 units successfully sold — underscoring the appeal of Vinhomes’ products and validating continued buyer confidence in the area’s long-term potential.

Beyond residential real estate, Vinhomes continued to demonstrate leadership across other strategic segments. In Ho Chi Minh City, Vinhomes Green Paradise in Can Gio commenced on April 19, 2025. Spanning 2,870 hectares with a projected population of 230,000, the project aims to set a new benchmark for ESG urban models, grounded in three pillars: green, smart, and ecological living. On June 22, 2025, the Company officially broke ground on the 512-hectare Lang Van Tourism and Resort Complex in Da Nang — marking a key step in expanding Vinhomes’ integrated real estate ecosystem into Central Vietnam. In industrial real estate, Vinhomes IZ (VHIZ) achieved a key milestone with the completion and full lease-up of its Ha Tinh facility within just seven months of construction commencement — contributing to the Company’s industrial portfolio and supporting local economic development, employment, and social welfare.

As part of its destination development strategy, Vinhomes’ townships continued to attract large-scale public engagement through mega-events drawing tens of thousands of participants. On April 30, over 1,500 people gathered at the European Square in Vinhomes Royal Island (Hai Phong) — one of the region’s premier resort-style island townships — to form a giant national flag commemorating the 50th anniversary of Vietnam’s reunification. In mid-June, the large-scale music festival “Anh Trai Vượt Ngàn Chông Gai” was held at Ocean City — Vinhomes’ flagship integrated township and resort-style destination — attracting over 220,000 attendees and visitors.

Simultaneously, infrastructure and amenities across key projects — including VinWonders theme parks, marinas, and retail centers — continued to be expanded and accelerated, reaffirming Vinhomes’ position as Vietnam’s model urban developer and a pioneer in setting new lifestyle trends.

In recognition of its sustained efforts and outstanding performance, Vinhomes and its projects were honored with four prestigious awards in the second quarter of 2025. At the Hubexo Asia Awards, Vinhomes was honored with the Elite Award — the highest distinction — and recognized among the Top 10 Leading Developers, marking over a decade of consistent recognition by the organization. In addition, Vinhomes Global Gate (Hanoi) was granted the Special Prize, while Vinhomes Royal Island (Hai Phong) received the Gold Award at the 2024 National Urban Planning Awards — Vietnam’s most prestigious recognition in urban planning and development, endorsed by the Ministry of Construction, the Ministry of Agriculture and Environment, and the Vietnam Chamber of Commerce and Industry (VCCI). Notably, Vinhomes Green Paradise was honored in the Sustainable Development category at the FIABCI–Thai Prix d’Excellence Awards.

The strong performance in the second quarter provides a solid foundation for Vinhomes to deliver on its full-year 2025 targets, as Vietnam’s real estate market enters a new growth cycle, supported by pro-growth policies and improving market confidence.

PRESS RELEASE

VINHOMES REPORTS VND 15.3 TRILLION PROFIT AFTER TAX FOR 9M2025

Hanoi, October 30, 2025 — Vinhomes Joint Stock Company (HOSE: VHM) today announced its consolidated financial statements for the third quarter of 2025, prepared in accordance with Vietnamese Accounting Standards (VAS). The results highlight a solid financial position, strong cash generation, and robust sales performance — forming a strong foundation for accelerated growth in the coming quarters.

Total contracted sales reached VND 162.6 trillion, up 96% year-on-year— reflecting buoyant market demand and the effectiveness of Vinhomes’ sales strategy. As of end-September 2025, unbilled sales stood at VND 223.9 trillion, up 93% versus end-3Q2024 — an all-time high, providing a solid foundation to realize the 2025 business targets approved by the General Meeting of Shareholders.

As of September 30, 2025, Vinhomes maintained a solid financial position with total assets of VND 768.3 trillion and shareholders’ equity of VND 234.9 trillion, up 36% and 6%, respectively, compared to the end of 2024. Cash and cash equivalents reached VND 48.8 trillion, a strong 69% increase, reflecting healthy operating cash flow. Inventories amounted to VND 125.6 trillion, up 130% from the end of 4Q2024, primarily due to the accelerated development of large-scale projects, indicating positive investment progress ahead of the upcoming sales cycle.

Consolidated net revenue for the first nine months reached VND 51.1 trillion. On a normalized basis — including revenue from business cooperation contracts and bulk transactions recognized as financial income — adjusted revenue totaled VND 70.4 trillion, delivering profit after tax of VND 15.3 trillion.

The highlight of the quarter was Vinhomes Green Paradise, a next-generation township in Can Gio, Ho Chi Minh City, spanning 2,870 hectares. Positioned as a Green – Smart – Ecological – Regenerative/Resilient City, the project is developed under the pioneering ESG++ model. Key features include the 800-hectare Paradise Lagoon, the 7-hectare Blue Wave Theatre, and Vietnam’s largest integrated 5-star resort complex. The project targets international sustainability certifications such as BREEAM Communities and ISO 37122, and will operate on 100% renewable energy with a green mobility system. Vinhomes Green Paradise is set to become a new coastal icon of Vietnam and the world in the coming decade, as it stands to benefit from major infrastructure developments such as the proposed 350 km/h high-speed railway, Can Gio Bridge, the Ben Luc – Long Thanh expressway – Rung Sac interchange, and the proposed Vung Tau – Can Gio sea-crossing bridge.

In parallel, to commemorate the 80th Anniversary of Vietnam’s National Day, Vinhomes and Vingroup inaugurated and commenced construction on six major landmark projects nationwide. The highlight was the Vietnam Exhibition Fair Center in Dong Anh, Hanoi, completed in just under 10 months of construction. At the same time, the Royal Bridge in Hai Phong officially opened to traffic, reducing travel time from Vinhomes Royal Island to the city center to five minutes. In addition, the 18-hole international-standard golf course in Quang Hanh (Quang Ninh), Vinhomes Industrial Park in Vung Ang (Ha Tinh), and Phuoc Vinh Tay Township in Tay Ninh also commenced construction, marking a strategic step in Vinhomes’ nationwide expansion journey. These nation-defining projects not only catalyze economic growth, infrastructure, industry, and tourism in their respective regions, but also underscore Vinhomes’ pioneering role in building national capacity and accompanying Vietnam on its path of growth and global integration.

Beyond project development, Vinhomes’ mega-townships continue to stand out as vibrant communities and premier lifestyle-and-leisure destinations across the country. In Ocean City (East Hanoi), the integrated township is now home to over 90,000 residents and welcomes more than 10 million visitors annually, emerging as one of Northern Vietnam’s most dynamic destinations. The area features over 2,000 bustling retail outlets, nearly 100 comprehensive amenities in education, healthcare, shopping, and entertainment, as well as a series of large-scale community events such as the 7UP Water Splash Concert and Happy Moon Festival. In Vinhomes Royal Island (Hai Phong), just over a year since its debut, the project has rapidly evolved into the new urban and leisure hub of the port city, with an impressive lineup of existing and upcoming facilities including Vincom Mega Mall, 5-star Vinmec Clinic, the 2,000m² Royal Crystal Pool, and Vinschool K–12 Education Campus. During the 80th National Day celebrations, Vinhomes’ townships nationwide drew hundreds of thousands of residents and visitors, with Vinhomes Royal Island alone welcoming nearly 250,000 guests in just four days — reaffirming its position as a symbol of modern living and sustainable community connection.

Vinhomes’ unwavering commitment to sustainable development, innovative urban models, and enhanced resident experience continues to earn prestigious recognition both domestically and internationally. The company ranked 7th in Vietnam’s Top 100 Brands 2025 by Brand Finance, up two positions from 2024, with a brand value of USD 1.6 billion (+14% YoY)— reaffirming its status as Vietnam’s most valuable real estate brand. Vinhomes was also honored with the Asia Pacific Enterprise Award (APEA) 2025 – Corporate Excellence Award for the second time, recognizing its excellence in business performance, innovation, and social responsibility. In addition, Vinhomes Green City was named “Project of the Year” at the Dot Property Vietnam Awards 2025, highlighting its pioneering position as the first and only All-in-One township in the strategic Northwest growth corridor of Ho Chi Minh City.

Vinhomes’ outstanding third-quarter results provide a strong foundation to deliver on its 2025 guidance, as the Vietnamese real estate market enters a new growth cycle, supported by improved infrastructure, and rising investor confidence.

PRESS RELEASE

VINHOMES REPORTS VND 42.1 TRILLION PROFIT AFTER TAX, EXCEEDING ITS 2025 TARGETS

Hanoi, January 30, 2026 — Vinhomes Joint Stock Company (HOSE: VHM) today announced its consolidated financial statements for the fourth quarter of 2025, prepared in accordance with Vietnamese Accounting Standards (VAS). Concluding fiscal year 2025, Vinhomes registered record-high business results, reaffirming its position as Vietnam’s leading real estate developer and establishing a solid foundation for the next phase of growth.

In 2025, Vinhomes’ consolidated net revenue reached VND 154,102 billion. Total adjusted consolidated net revenue, including revenue from Vinhomes’ core operations and business cooperation contracts, amounted to VND 183,923 billion, and consolidated profit after tax reached VND 42,111 billion, setting new record highs. These figures exceeded the targets set at the beginning of the year, representing increases of 30% and 20%, respectively, compared with 2024. The strong performance was primarily driven by on or ahead-of-schedule handovers at large-scale projects, underscoring the Company’s integrated execution capabilities and effective project management.

Sales activities remained a key highlight in 2025. Total contracted sales reached VND 205,252 billion, up 98% year-on-year. This strong performance was driven by the simultaneous launched of five new projects across key markets, including Hanoi, Ho Chi Minh City, Hai Phong, and Tay Ninh, reflecting healthy market demand as well as the effectiveness of Vinhomes’ product development and sales strategy. As of end-December 2025, unbilled sales amounted to VND 186,426 billion, up 98% compared with end-2024, providing a solid base for revenue and profit recognition in the coming years.

As of December 31, 2025, Vinhomes maintained a robust financial structure, with total assets of VND 786,376 billion and owner’s equity of VND 247,906 billion, representing increases of 39.4% and 12.3%, respectively, compared with year end 2024. Cash and cash equivalents amounted to VND 49,949 billion, up 73.6%, reflecting healthy operating cash flows.

2025 marked a significant milestone in Vinhomes’ strategy to expand its project portfolio, with the launch of five new projects, including Vinhomes Wonder City (Dan Phuong, Hanoi), Vinhomes Green City (Hau Nghia, Tay Ninh), Vinhomes Golden City (Duong Kinh, Hai Phong), Vinhomes Green Paradise (Can Gio, HCMC), and Happy Home Trang Cat (Nam Trang Cat, Hai Phong). All projects recorded strong sales performance from the early stages and are being executed with accelerated construction progress.

To mark the 14th National Congress of the Communist Party of Vietnam, on 19 December 2025, Vinhomes broke ground on a series of projects nationwide, with notable developments including Global Gate Ha Long, Cam Ranh Bay Urban Area - mega complexes, the Social Housing project in Pho Hien ward, Hung Yen and the New Urband Area in Song Tri ward, Ha Tinh. These projects serve as a cornerstone of Vinhomes’ long-term urban and infrastructure development strategy, while expanding sustainable growth opportunities for both the Company and localities.

Beyond project development, Vinhomes’ mega-townships continue to stand out as vibrant communities and premier lifestyle-and-leisure destinations across the country. At Ocean City (Eastern Hanoi), Vinhomes welcomed 100,000 attendees to the G-DRAGON 2025 World Tour, along with a series of large-scale New Year celebrations such as the Upbeat Ocean Countdown 2026. At Vinhomes Royal Island (Vu Yen, Hai Phong), signature events including the K-Food Fair Korean Food Festival and “Light Up The Dream” Music Night attracted hundreds of thousands of visitors, helping position Vinhomes townships as icons of modern living and sustainable community engagement.

Vinhomes’ unwavering commitment to sustainable development, innovative urban models, and enhanced resident experience continues to earn prestigious recognition internationally. Vinhomes was awarded “Developer of the Year – Southeast Asia 2025” at the Dot Property Southeast Asia Awards 2025. Vinhomes is the first and only Vietnamese developer to receive the highest distinction, affirming Vinhomes’ strategic vision, execution capabilities, and commitment to sustainable development.

Vinhomes’ outstanding 2025 results provide a strong foundation to deliver on its 2026 guidance, supported by an expanded project portfolio, strong financial base, and rising market confidence.  As Vietnam’s real estate market enters a new growth cycle, driven by multi-centric urban restructuring and transit-oriented development (TOD) and ESG, Vinhomes continues to consistently develop large-scale integrated townships aligned with these trends. These efforts reinforce Vinhomes’ central role in shaping new urban hubs and progressively elevate its position on the regional and global stage.

PRESS RELEASE

VINHOMES ANNOUNCED 1Q2024 REVENUE OF VND 8,211 BILLION

Hanoi, 26 April 2024, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the first quarter of 2024 in accordance with Vietnamese Accounting Standards (VAS). Accordingly, Vinhomes maintains stable business results, well prepared to embrace a new growth cycle amidst a real estate market that exhibits positive signals.  

Vinhomes achieved a total consolidated net revenue of VND 8.2 trillion in 1Q2024. Accordingly, total adjusted consolidated net revenue (including revenue from Vinhomes businesses and business cooperation contracts (BCC)) reached VND 8.6 trillion. The consolidated profit after tax was VND 904 billion. During the quarter, deliveries at Vinhomes Ocean Park 1 – 2 – 3 and Vinhomes Grand Park continues to be main earnings contributors. However, lower 1Q2024 earnings were primarily due to timing of revenue recognition of sold units under construction, which are expected to, completed and recognize in subsequent quarters according to accounting standards. Looking ahead, the completion and handover of multiple projects such as Vinhomes Ocean Park 3, Vinhomes Royal Island, Vinhomes Golden Avenue; the completion of bulk sales transactions as well as the launches of new projects after fulfilling regulatory requirements, Vinhomes anticipates positive business performance in the subsequent quarters. Notably,   with total unbilled bookings of VND 112 trillion at the end of 1Q2024, Vinhomes is confident in achieving the approved business targets established in the recent Annual General Shareholders’ Meeting.

Vinhomes continued to maintain a robust financial position, reporting total assets and owners' equity of VND 464 trillion and VND 196 trillion as of March 31, 2024. These figures represented a 4.5% and 7.4% increase compared to the financials as of December 31, 2023.

In late March, Vinhomes officially introduced the Vinhomes Royal Island, spanning 877 hectares on Vu Yen Island, Hai Phong, significantly boosted the real market in the northern region and the country as a whole. The project boasts an array of upscale amenities and services, including Royal Horse Riding Academy – the first-of-its kind presence in Vietnam, VinWonder Wave Park – a premier family amusement park featuring a unique Safari, a luxurious yatch marina – covering nearly 10 hectares, 36-hole golf corse of 160 hectares – Top class in Southeast Asia, and exclusive beachfront villas. Since its launch, the project has garnered strong interest from the market, with nearly 2,000 reservations made in less than a month. 

In March, the Canopy condominium block – a part of Vinhomes Smart City, which Vinhomes collaborated with an international partner, achieved absolute absorption rate immediately upon the launch of first batch, becoming a focal point in the real estate market in the West of Hanoi.

Beyond impressive sales achievements, Vinhomes has also been a pioneer in enhancing service quality and investing in amenities to bring additional value to customers and residents. At the beginning of January 2024, a series of Lunar New Year events, such as “Xuân tươi mới – Tết tân thời” celebrations, took place at the Center Point – Vinhomes Ocean Park 2 shopping and service complex. The 3-kilometer-long festival called “Chợ vui hơn Tết – Phố đông hơn Hội” in Ocean City attracted millions of visitors and residents. In Vinhomes Golden Avenue Mong Cai, Vinhomes welcomed 1.000 customers to visit and experience the New York parks. Meanwhile, Ocean City hosted a variety of exciting events, including a week-long summer festival from 20 April to 27 April, and the opening of the K-Town precinct within Grand World. These festivities are expected to draw hundreds of thousands of residents and nationwide visitors during the Liberation Holiday. Notably, the Grand World complex attracts nearly 100,000 visitors per day during weekends and holds the Vietnamese record for being the most popular destination for entertainment and shopping during the Lunar New Year.

With the ambition of creating modern urban areas, enhancing the quality of life, and changing perceptions of social housing, Vinhomes officially commenced two key social housing projects in Trang Cat (Hai Phong) and Cam Ranh (Khanh Hoa) in January 2024. Additionally, at Vinhomes Grand Park, the Vincom Mega Mall shopping center, following the Life–Design model, will inaugurate this summer, providing a vibrant living environment filled with amenities.

Moreover, Vinhomes collaborates with Vinmec to offer an exclusive “Healthcare at Home” service for residents. Simultaneously, the Company is enhancing the comprehensive system of sports and entertainment facilities, including tennis courts, golf practice areas, and a Go-kart track at Vinhomes Ocean Park 2, contributing to sustainable living in these urban areas.

In March, the Vietnamese Real Estate e-magazine (Reatimes) and the Vietnam Real Estate Research Institute (VIRES) honored Vinhomes as one of the top 10 real estate developers in Vietnam for 2023. Ocean City was recognized as one of the top 5 urban and residential projects with the highest quality in 2023, while Vinhomes Golden Avenue was awarded in the top 10 projects with the most potential in 2024.

PRESS RELEASE

VINHOMES REPORTED VND 11,513 BILLION PROFIT AFTER TAX IN 1H2024

With promising signs of recovery in the real estate market, Vinhomes’ presales reached VND 51,710 billion in the first six months of 2024. The company expects to achieve its 2024 revenue and net profit target. The delivery and accelerated sales performance across key projects such as Vinhomes Ocean Park 3 and Vinhomes Royal Island are the main driver for 2024 performance.

Hanoi, July 18, 2024, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the first half of 2024, in accordance with Vietnamese Accounting Standards (VAS).

For the period, Vinhomes achieved a total consolidated net revenue of VND 36,429 billion, with total adjusted net revenue (including revenue from both Vinhomes’ businesses and business cooperation contracts) standing at VND 47,904 billion. The company reported a consolidated profit after tax of VND 11,513 billion, primarily driven by the bulk sales transactions at Vinhomes Royal Island and continued deliveries at existing projects.

With contracted sales reached VND 51,710 billion in the first six month and total unbilled bookings amounted to VND 118,660 billion by the end of 2Q2024, Vinhomes remains positive in achieving its 2024 business plan, supported by upcoming deliveries of key projects such as Vinhomes Ocean Park 3 and Vinhomes Royal Island.

As of June 30, 2024, Vinhomes maintains a robust financial position, with total assets and equity reaching VND 494,461 billion and VND 206,783 billion, respectively. These represent an increase of 11.2% and 13.2% from the figures reported on December 31, 2023.

During the first half of 2024, Vinhomes successfully issued VND 12,500 billion of corporate bonds, underscoring its ability to access new capital as well as secure resources for project developments. Additionally, on June 28, 2024, Vinhomes received approval from the Department of Construction of Hung Yen Province to allow the Company to sell houses in Vinhomes Ocean Park 2 and Vinhomes Ocean Park 3 to foreign individuals and organizations. This milestone is expected to invigorate the company's sales and bolster positive sentiment within the local real estate market.

Vinhomes distinguishes itself with its entertainment, shopping, and culinary complexes strategically positioned in the key urban centers. These hubs not only enhance the project's sustainability but also serve as vibrant attractions for residents, investors, and tourists, stimulating growth in both the real estate and retail sectors.

At Vinhomes Ocean Park 2, K-Town has emerged as a bustling “new Korean center” in Vietnam, boasting nearly 200 shops. Through strategic cooperation with the Korea Tourism Organization, K-Town and Vinhomes’ urban areas have become regional destinations, hosting events that feature top stars from both V-POP and K-POP. Furthermore, the authentic recreation of Hong Kong’s culture in Little Hong Kong attracted 25,000 visitors on its grand opening day on June 15, 2024, bolstering the local night economy.

Meanwhile, Vinhomes Royal Island (Vu Yen Island, Hai Phong), has rapidly established itself as a premier destination since its launch in less than three months ago, with the introduction of a vast array of amenities, including Vinpearl Horse Academy, Walking Street - Vu Yen Park, Europe Square, and K-Park Korean Cultural Park. The development has also hosted various weekend events, including the highly acclaimed Wonder Island International Music Festival, drawing over 150,000 visitors.

Vinhomes Grand Park in the southern region has unveiled an array of distinctive and top-notch amenities, aimed at enriching residents' quality of life and stimulating the growth of commercial and service activities. Notably, Vincom Mega Mall Grand Park and Golden Eagle Square commenced operations in June, with upcoming attractions including a two-story 36-slot golf driving range, VinWonders amusement park, and the Broadway commercial area.

In addition to its focus on developing world-class smart urban areas, Vinhomes is dedicated to fostering a Green Living - Healthy Living community, offering additional exclusive privileges to members of the Vinhomes Elite Club. This initiative underscores Vinhomes’ commitment to delivering exceptional after-sales service, distinguishing it as a leader in Vietnam’s real estate sector.

The company's dedication to excellence has been consistently recognized on the global stage, with recent accolades including "Top 10 developers in Vietnam" at the BCI Asia Awards 2024. In addition, at the International Property Awards (IPA), Vinhomes Ocean Park 3 was award winner of “Mixed Use Development Vietnam” category, while Ocean City garnered the top award in “Best Mixed Use Development Vietnam” category and was nominated for regional recognition in the Asia-Pacific (IPA) award.

Looking ahead, it is expected that favorable macroeconomic conditions, the implementation of amended Land Law 2024, Housing Law 2023, Real Estate Business Law 2023 from August 1 which are anticipated to help resolving legal obstacles, as well as the proactive efforts of the government and local authorities, will catalyze positive transformations within the real estate market. This serves as crucial momentum for Vinhomes to continue introducing new projects/subdivisions, aiming to achieve remarkable milestones in the latter half of 2024, and fulfill the business targets set at the Shareholders' General Meeting.

PRESS RELEASE

VINHOMES REPORTED VND 20,600 BILLION PROFIT AFTER TAX IN 9M2024

Hanoi, October 30, 2024, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited Consolidated Financial statements for the 3rd quarter of 2024, in accordance with Vietnamese Accounting Standards (VAS). The Company maintained resilient business performance while being poised to seize new opportunities in the real estate market. 

In the first nine months of 2024, Vinhomes posted total consolidated net revenue of VND 69,910 billion and total adjusted net revenue (including revenue from Vinhomes’ operations and business cooperation contracts) of VND 90,923 billion. Consolidated profit after tax of Vinhomes totaled VND 20,600 billion. These results were attributable to the deliveries at Vinhomes Ocean Park 2 – 3 and the earnings recognition at Vinhomes Royal Island during the period.

Contracted sales reached VND 82,841 billion in the first nine months and total unbilled sales achieved VND 116,293 billion by the end of 3Q2024, primarily driven by strong sales performance across multiple mega projects. These are solid foundation for the growth of Vinhomes’ earnings in upcoming periods, especially when the real estate market is anticipated to further improve.

As of September 30, 2024, Vinhomes maintains a robust financial position, with total assets and equity amounting to VND 524,684 billion and VND 215,966 billion, representing increases of 18% and 18.3% respectively compared December 31, 2023.

Regarding presale activities, in 3Q2024, Vinhomes continued to inaugurate new precincts in its mega developments amidst the positive recovery of the real estate market. In particular, Vinhomes Royal Island (Vu Yen, Hai Phong) unveiled the Hoang Gia and Dao Vua sub-divisions, which boast some of the most impressive architecture. This event has cemented the project as a spotlight in the real estate market, achieving one of the highest sales rates in Northern Vietnam. Additionally, Vinhomes Royal Island set a record by officially handing over more than 500 commercial service units and shophouses in the Tai Loc subdivision. In Hanoi, Vinhomes Global Gate also received strong interest since launch, thanks to its strategic location in the Northeastern gateway and exceptional amenities. Meanwhile, on August 28, 2024, the Opus One subdivision in Vinhomes Grand Park (Thu Duc, Ho Chi Minh City), co-developed by Vinhomes and its Japanese partner, Samty, was officially launched, contributing to the condominium supply in the Southern market.

Regarding urban management, Vinhomes continues to demonstrate its leadership as Vietnam’s top property management brand through the “test” of Typhoon Yagi. Upon receiving information that Yagi would sweep through the Northern provinces, Vinhomes’ urban management boards, especially in Hanoi, Hai Phong and Quang Ninh, etc. promptly implemented disaster preparedness measures to ensure the safety of residents and their properties while maintaining uninterrupted daily life. Post-typhoon Yagi recovery solutions were also implemented by Vinhomes with the goal of rapidly restoring the general landscape and normalizing residents' lives.

On social responsibility initiatives, understanding the challenges faced by communities impacted by Yagi, Vinhomes actively participated in relief efforts to rebuild homes, schools and livelihoods in affected areas. From September 19 to September 30, Vinhomes and its partners joined the “Gieo Mầm Thiện Tâm” campaign initiated by Vingroup. Through a series of charitable activities, including an emotional concert at K-Town, Ocean City, which garnered 2 million views and raised nearly VND 22 billion. Previously, Vinhomes staff also joined 133,000 Vin employees in contributing 250 billion VND to support people facing hardships, loss of loved ones, and property damage caused by storms and floods.

In recognition of its outstanding contributions to the Vietnam real estate sector, Vinhomes was honored with the prestigious “Developer of the Year” award at the Dot Property Vietnam Awards 2024. Furthermore, Vinhomes was ranked among the Top 10 most valuable brands in Vietnam in 2024 by Brand Finance. These accolades affirm Vinhomes’ leadership role, its pioneering spirit and its continued efforts to inspire and shape the real estate landscape, solidifying its position as Vietnam’s leading real estate developer.

PRESS RELEASE

VINHOMES RECORDED VND 35,052 BILLION IN PROFIT AFTER TAX, FULLY ALIGNED WITH 2024 GUIDANCE

Hanoi, January 24, 2025, Vinhomes Joint Stock Company (ticker “VHM”) has reported its unaudited consolidated financial statements for the 4^th quarter of 2024, prepared in compliance with Vietnamese Accounting Standards (VAS). The Company exceptional results for the fiscal year, highlighted by record-high adjusted revenue, reinforcing its leading position in Vietnam’s real estate market.

In 2024, Vinhomes achieved total consolidated net revenue of VND 102,045 billion. Accordingly, total adjusted consolidated net revenue (including revenue from Vinhomes’ operations and business cooperation contracts) reached VND 141,812 billion, successfully surpassed full year’s guidance, representing a 13% increase compared to 2023. Consolidated profit after tax amounted to VND 35,052 billion, precisely attaining the annual target. These strong results were predominantly attributed to timely deliveries at ongoing mega-projects.

Vinhomes recorded contracted sales in 2024 and total unbilled sales as of the end of 2024 of VND 103,946 billion and VND 94,182 billion respectively, primarily due to robust sales performance across multiple mega-projects, particularly from the latest Vinhomes Royal Island project, which debuted in March.

As of December 31, 2024, Vinhomes maintains a solid financial position, with total assets and equity reaching VND 560,724 billion and VND 220,443 billion, reflecting increases of 26% and 21%, respectively, compared to December 31, 2023.

During 4Q2024, Vinhomes’ mega-developments served as venues for several high-profile cultural and entertainment events. Notable highlights included the “Call Me by Fire” concert, which attracted over 130,000 visitors, and The Glamorous Countdown 2025, which drew more than 100,000 attendees to Vinhomes Ocean City in December 2024. At Vinhomes Royal Island, the grand finale of the “Hai Phong Beauty: Souls in Bloom” event series attracted over 120,000 visitors. The project also hosted the New Year’s Eve 2025 event, Countdown to Greatness, welcoming over 110,000 visitors, further solidifying Vinhomes Royal Island as a prominent destination in Northern Vietnam.

These exceptional events held year-round at Vinhomes’ projects not only provided residents with world-class entertainment experiences but also consistently attract millions of visitors. Notably, as of the end of 2024, Vinhomes Royal Island has welcomed over 2.5 million visitors in just six months since its launch.

With respect to presale activities during the last quarter of 2024, Vinhomes inaugurated new precincts in its mega developments, including The Paris subdivision at Vinhomes Ocean Park 1 (Hanoi), The Kyoto 03 - The Premium subdivision at Vinhomes Star City (Thanh Hoa), along with model houses and commercial streets at key projects. Furthermore, Vinhomes is strengthening its strategic partnership with Nomura Real Estate, a globally renowned real estate group, leveraging both companies’ expertise to provide market with international-class products in the near future. Leveraging on its success and capitalizing on Vietnam's economic growth, Vinhomes continues to attract foreign developers with strategic vision and unwavering commitment to quality and innovation.

Besides, the Company remains committed to enhancing amenities and service quality for its residents. In October 2024, Vinhomes held the groundbreaking ceremony for the largest healthcare, mineral bath, entertainment, and culinary complex in Mong Cai, located at Vinhomes Golden Avenue, spanning more than 40,000 square meters. November 2024 also witnessed the launch of the Royal Club, featuring exclusive events at select locations within Vinhomes Royal Island. Alongside its residential unit deliveries record, the Company is expediting the completion of key amenities at Vinhomes Royal Island to serve the elite residents of Vu Yen’s "Billionaire Island".

Remarkably, 2024 marks a significant milestone as Vinhomes achieved four prestigious international certifications: ISO 9001 for quality management, ISO 14001 for environmental management, ISO 45001 for occupational health and safety, and SA8000 for social accountability in its real estate business and operations. This accomplishment not only affirms Vinhomes' commitment to enhancing management quality in line with international standards but also reflects its sustainable development vision, striving to create an excellent living and working environment for the community.

Vinhomes' commitment to excellence earned significant recognition through multiple prestigious real estate awards in 2024. In 4Q2024, Vinhomes received the "Best Residential Real Estate Developer in Vietnam 2024" award from global magazine Euromoney and was honored with the "Vietnam National Brand" by the Prime Minister. The company’s major projects also garnered notable accolades, with Vinhomes Royal Island ranking among the Top 10 "Outstanding Real Estate Projects in Vietnam 2024" by the Vietnam Association of Real Estate Brokers (VARS) at the Vietnam Real Estate Forum 2025 (VREF). At the Forum of Sustainable Development of the Real Estate Market and the 2024 Livable Project Award Ceremony organized by the Vietnam Chamber of Commerce and Industry (VCCI) and Business Forum Magazine, Vinhomes Royal Island was recognized as the "Prominent Livable Project 2024" and "Project with Exemplary Infrastructure", while Vinhomes Golden Avenue won the "Most Livable Project 2024" award. These accolades not only affirm Vinhomes' market leadership in the real estate sector but also recognize its commitment to developing premium living environments with superior amenities, infrastructure, and services, all contributing to sustainable development and the advancement of Vietnam's real estate market.

Building on the solid foundation of 2024 and upcoming launches of new large-scale integrated projects in 2025, Vinhomes will continue to break through with a core strategy focused on pioneering efforts to elevate residents’ living standards and deliver exceptional value for customers.

PRESS RELEASE

VINHOMES REPORTED VND 11.9 TRILLION IN NET PROFIT AFTER TAX 1Q2023, EQUAL TO 40% OF FULL YEAR GUIDANCE

Hanoi, April 23, 2023, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the first quarter of 2023 in accordance with Vietnamese Accounting Standards (VAS).

In the first quarter of 2023, total consolidated net revenue reached VND 29.3 trillion, representing an increase of 228% over the same period last year, mostly thanks to the delivery of over 2,600 low-rise units at Vinhomes Ocean Park 2. Total pro-forma consolidated net revenue, including pro-forma revenue of bulk sales transactions and business co-operation contracts (BCCs), of which gains were recognized under the finance income, amounted to VND 42.5 trillion, a 198% increase over the same period last year, equivalent to 42% of full year guidance. Consolidated profit after tax was VND 11.9 trillion, an increase of 152% over the same period last year. Earnings per share (EPS) in the first quarter of 2023 were VND 2,737.

Vinhomes had total consolidated assets and owners’ equity of VND 378 trillion and VND 160 trillion, respectively, as of March 31, 2023, an increase of 4.4% and 8.0% over the figures as of December 31, 2022.

In the first quarter of 2023, Vinhomes continues to make a mark with various unique activities for residents. On March 11, 2023, Vinhomes held a ceremony for ownership certificate handover for 1,000 homes in The Rainbow subdivision at Vinhomes Grand Park, Ho Chi Minh City. This event has affirmed Vinhomes’ track record of delivering on its commitment to residents and customers.

Vinhomes also reinforces its position as the top property manager by continuing a series of community engagement programs, creating the most livable megacities. The most significant is the series of events to welcome the Year of the Cat Lunar New Year such as Color of the Sea, Spring Flower Festival, Ocean District Sports Day at Vinhomes Ocean Park, etc., with the participation of thousands of residents and customers.

At the end of March 2023, the World Records Union recognized the Royal Wave Park Complex of Vinhomes Ocean Park 2 as the world’s largest man-made wave saltwater lake complex in an urban area, providing residents with world-class living experiences.

Vinhomes also launched a new product in 1Q2023 – the first Mega Complex in Vinhomes Ocean Park 2 inspired by the world’s most famous luxury complex shopping streets. Mega Complex is expected to quickly contribute to the hustle and bustle of Vinhomes Ocean Park 2 as well as the 1,200-hectare ocean district – Vinhomes Ocean Park.

Vinhomes is recently honored as the leading brand in Vietnam’s Top 10 Real Estate Developers in 2023 by Vietnam Report for its efforts and achievements.

PRESS RELEASE

VINHOMES REPORTED VND 21.6 TRILLION IN NET PROFIT AFTER TAX IN 1H2023

VINHOMES REPORTED NET PROFIT AFTER TAX EQUAL TO 72% OF FULL YEAR GUIDANCE THANKS TO ON SCHEDULE DELIVERIES AT VINHOMES OCEAN PARK 2

Hanoi, 28 July 2023, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the first half of 2023 in accordance with Vietnamese Accounting Standards (VAS).

Successful launches of Vinhomes Ocean Park 2 and Vinhomes Ocean Park 3 with record contracted sales and unbilled bookings in 2022 laid a solid foundation for 2023 financial performance. Accordingly, total consolidated net revenue in the first half of 2023 reached VND 62.1 trillion, representing an increase of 364% over the same period last year, thanks to the timely deliveries of 5,400 low-rise units at Vinhomes Ocean Park 2. Total adjusted consolidated net revenue, including adjusted revenue of bulk sales transactions and business co-operation contracts (BCCs), of which gains were recognized under financial income, amounted to VND 75.6 trillion, marking a 300% YoY increase, equivalent to 76% of full year guidance. Consolidated profit after tax was VND 21.6 trillion, an increase of 295% over the same period last year and equal to 72% of the guidance. Earnings per share (EPS) in the first half of 2023 were VND 4,954.

By the end of June 2023, Vinhomes' contracted sales reached VND 40.6 trillion, mainly generated from retail channels. Of which, 2Q2023 figures showed a growth of 58% compared to 1Q2023 , indicating an improvement in the market’s sentiment and liquidity.

Vinhomes had total consolidated assets and owners’ equity of VND 396 trillion and VND 170 trillion, respectively, as of 30 June 2023, representing an increase of 10% and 15% over the figures as of 31 December 2022. In which, cash, cash equivalents and short-term investments were more than VND 9.4 trillion, a 10% increase compared to 31 March 2023.

As the real estate market continued its gradual recovery thanks to supportive macroeconomic policies, Vinhomes sustained its leading position by launching new products in 2Q2023.

In June, Vinhomes launched Vinhomes Sky Park – the first luxury high-rise residential project attached to a commercial center in Bac Giang Province. The project’s various trendy amenities and prime location have facilitated a positive take-up rate of 74% since launch. In Ho Chi Minh City, the introduction of Glory Heights subdivision (cooperation products between Mitsubishi and Vinhomes) in Vinhomes Grand Park warmed up the southern real estate market, with more than 2,000 units deposited within 34 hours in the first launch. As of 24 July 2023, sale contracts were signed for more than 900 residential units, ahead of Vinhomes’ targets.

In addition, Vinhomes recently launched Mega Grand World, the shopping and entertainment complex in Ocean City (including Vinhomes Ocean Park 1, 2, 3), with the presence of VinWonders unique amusement park. The complex, which is expected to open in December 2023, will transform Ocean City into a world-class destination and help to promote Hanoi’s tourism.

As the top property management brand in Vietnam, Vinhomes urban areas continue to be highly attractive destinations for residents and visitors thanks to a series of community engagement programs. The most notable is the welcoming events of City of Lights Square (Vinhomes Ocean Park 2) during the 30 April holiday, attracting over 60,000 visitors. Hello 2023 Summer festivals were organized with a series of unique events every weekend, from May to the end of September. Typically, Summer Memories 2023, Ocean Summer Camp 2023 in Ocean City offered delightful and engaging activities for “mini” residents.

In recognition of its efforts and achievements, in June, Vinhomes was awarded the Gold Award in the category of Best Real Estate Company in Vietnam by FinanceAsia. The award affirms Vinhomes’ reputation as a leading real estate developer in Vietnam, which contributed to the transformation of urban areas and introduced solutions to enhance residents’ living experiences.

PRESS RELEASE

VINHOMES EXCEEDED ANNUAL TARGET WITH VND 32 TRILLION OF NET PROFIT IN 9 MONTHS

Hanoi, 24 October 2023, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the third quarter of 2023 in accordance with Vietnamese Accounting Standards (VAS).

Resilient Business Performance and Financial Strength Amidst Mutiple Challenges

In the third quarter of 2023, Vinhomes achieved total consolidated net revenue of VND 32.7 trillion, marking a substantial increase of 84% compared to the same period last year. This impressive increase was primarily driven by the deliveries of 2,400 low-rise units at Vinhomes Ocean Park 3. Accordingly, cumulated revenue in the first nine months of 2023 reached VND 94.6 trillion. Total adjusted consolidated net revenue (including adjusted revenue of bulk sales transactions and business co-operation contracts (BCC) of which gains was recognized under financial income) reached VND 108.4 trillion, surging by 118% compared to previous period, mainly thanks to timely deliveries in Vinhomes Ocean Park 2 and 3. Consolidated profit after tax was VND 32.4 trillion, exceeding the year guidance and showcasing a 62% year-on-year growth. 
Vinhomes maintained a robust financial position with total assets and owners' equity of VND 417 trillion and VND 181 trillion as of September 30, 2023, reflecting  a 15%  and 22% increase compared to that of December 31, 2022. 

Innovative property offerings impressed the market

In addition to its outstanding financial performance, Vinhomes launched new product offerings with attractive policies during the third quarter of 2023. Particularly, the low-rise commercial units in The Mega Grand World complex in Ocean City which were introduced to the market in July, have received strong interests from buyers with 500 reservations. To make Mega Grand Word the ultimate shopping and entertainment hotspot in the North, Vinhomes and Vincom Retail jointly hosted a festival on 23 September with almost 20 F&B brands and 500 prospective customers. This event marked another milestone in the continuous development of Ocean City and reinforces VHM’s commitment to delivering lasting value for its customers. 
The Center Point commercial and service complex, which was launched at Vinhomes Ocean Park 2 in September 2023, achieved 100% rental occupancy with more than 200 brands from diversified sectors in one month.

Significant Operational Milestones

Along with sales activities, Vinhomes also made significant progress in project construction. Particularly in September, Vinhomes Sky Park in Bac Giang City was topped up ahead of schedule.

As a leading property management brand in Vietnam, Vinhomes offered various programs that engaged the community and attracted residents and visitors. The highlight of the third quarter was the K-Food Fair 2023 at the City of Lights Square (Vinhomes Ocean Park 2), which welcome more than 60,000 visitors and presented them with the culture of Korea. The Italiana Summer Party 2023 also entertained more than 20,000 participants with traditional European cuisine and art in the heart of Hanoi. 

Furthermore, the first year opening of Brighton College, a renowned UK-based school, at Vinhomes Ocean Park, offered young residents access to world-class education, equipping them for global integration.

Distinguished Awards 

Vinhomes has achieved various domestic and international distinctions for its outstanding performance. One of the most notable ones was being ranked among the Top 20 most valuable real estate brands in the world by Brand Finance in August 2023. This was a remarkable achievement, as Vinhomes was the first Vietnamese property brand to attain this prestigious honor, demonstrating its impressive growth and reputation on the global stage. In addition, Vinhomes was also the only real estate brand in the Top 5 most highly valued brands in Vietnam. The company also excelled in its investor relations (IR) activities, being among the Top 3 large capitalization listed firms with excellent IR practices as rated by financial institutions, hosted by the VAFE Association, Fili newspaper, and Vietstock.
With strong effort in ensuring timely delivery, providing innovative products and market-responsive policies, Vinhomes is confident in its ability to overcome challenges to fulfill business targets.
 

PRESS RELEASE

VINHOMES SURPASSED ANNUAL TARGET, ACHIEVING VND 33.3 TRILLION IN NET PROFIT FOR 2023

Hanoi, 29 January 2024, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the fourth quarter of 2023 in accordance with Vietnamese Accounting Standards (VAS). The results highlighted Vinhomes’ resilient business performance and solid financial position in light of the initial signs of real estate market’s recovery.

Vinhomes achieved a total consolidated net revenue of VND 103.3 trillion, marking a substantial 66% increase compared to the figures of 2022. Accordingly, total adjusted consolidated net revenue (including adjusted revenue of bulk sales transactions and business co-operation contracts (BCC) of which gains were recognized under financial income) reached VND 121.4 trillion, a remarkable 49% increase compared to the previous year. This impressive growth was primarily attributed to the timely deliveries of 9,800 low-rise units in Vinhomes Ocean Park 2 and 3. The consolidated profit after tax was VND 33.3 trillion, exceeding the year guidance and showcasing a 14% year-on-year growth.

Vinhomes continued to maintain a robust financial position, reporting total assets and owners' equity of VND 447 trillion and VND 182 trillion as of December 31, 2023. These figures represented a 24% and 23% increase compared to the financials as of December 31, 2022.

The grand opening of Grand World – the F&B, entertainment and shopping complex in Ocean City in the eastern part of Hanoi in the fourth quarter of 2023 garnered immense attention, with a record-breaking 160,000 visitors participating in the countdown festival, showcasing the appeal of this unique and innovative destination in the Northern region.

In addition, Vinhomes is committed to constantly advancing its services and amenities, with the goal of elevating the living standards of its urban residents.

The company has launched two community clubs, namely “Green – Civilized – Classy Living” and “Happy – Healthy Living”, which grant exclusive and exceptional benefits to Vinhomes urban residents across the country. At the same time, a partnership with Korea Global School (KGS) for two international inter-level education facilities in Vinhomes Ocean Park 1 (Hanoi) and Vinhomes Grand Park (HCMC) demonstrated our dedication to providing a world-class educational environment within our developments.

Moreover, the additional introduction of three free VinBus routes to Ocean City (Hanoi) and one VinBus route connecting District 1 with Vinhomes Grand Park (HCMC) as part of our collaboration with VinBus facilitated convenient connectivity for residents and visitors to explore the entertainment and shopping festivals within Vinhomes urban areas.

The final quarter of 2023 also witnessed the progressive development of multiple new facilities in Vinhomes’ urban area. A noteworthy development is Vincom Mega Mall Grand Park, which stands as the first and largest mall of “Life-Design Mall” model in the Southern region, scheduled to be inaugurated in April 2024. As a vital part of the infrastructure in the eastern leading urban area, the construction of the second-largest Vinmec International General Hospital in Ho Chi Minh City commenced in early November 2023.

Furthermore, two Grade A office towers at the core of Vinhomes Grand Park and Vinhomes Ocean Park 2 & 3 are also in progress, featuring cutting-edge technology and rigorous safety measures that comply with the highest standards to satisfy the growing demand for office spaces in major cities across Vietnam.

With relentless efforts to solidify our reputation as a leading real estate developer in Vietnam, Vinhomes was recognized by regionally prestigious awards. In October 2023, Vinhomes was delighted to be awarded two distinguished recognitions at the Asia Pacific Enterprise Awards (APEA) 2023: Asian Corporate Excellence Award and Inspirational Brand Award. These honors affirmed our outstanding efficiency in production and business operations, as well as the positive values created by our trusted and supported brand.

As we transition into 2024, we remain dedicated to reaffirming our leading position in the real estate sector, upon the robust foundation established in 2023. Our primary focus will persist in elevating the quality of life and enriching amenities for the communities.

Hanoi, April 28, 2022, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the first quarter of 2022 in accordance with Vietnamese Accounting Standards (VAS).

Consolidated net revenue in the first quarter of 2022 was VND 8.92 trillion, coming from the handing over of units at the three mega projects, namely Vinhomes Ocean Park, Vinhomes Smart City and Vinhomes Grand Park. If adding back revenue from bulk sales of properties and business co-operation contracts (BCCs), of which gains were recognized in the finance income, adjusted consolidated net revenue was VND 14.28 trillion, a decrease of 9% year-on-year, because deliveries of pre-sold are scheduled for later quarters of 2022, instead of this first quarter period. Consolidated profit before tax was VND 5.89 trillion, consolidated profit after tax and minority interest was VND 4.54 trillion.Earnings per share (EPS) in the first quarter of 2022 was VND 1,043.

As of March 31, 2022, Vinhomes had total consolidated assets of VND 233.96 trillion and total consolidated equity of VND 136.08 trillion, representing an increase of 13% and 44% compared to March 31, 2021.

In the first quarter 2022, Vinhomes successfully completed a number of new project launches with strong take-up rates that exceeded expectations. In Hanoi, key launches included the P1 and P3 tower of The Pavilion precinct at Vinhomes Ocean Park as well as the Tonkin subdivision located atVinhomes Smart City with an Indochine-style architecture, creating an oriental urban area in the west of Hanoi.

In April 2022, Vinhomes launches Vinhomes Ocean Park – The Empire, the second phase of Vinhomes Ocean Park to over-whelming indication of interest. The mega project comprises of villas, town houses, shop-houses and apartments, offering class-leading amenities and a green living environment in the East corridor of Hanoi. 

In Ho Chi Minh City, Vinhomes launched The Origami, a project supported by the Japanese garden at Vinhomes Grand Park, attracting over 3,000 customers and generated revenue of more than VND 100 billion VND. 

Also at Vinhomes Grand Park, sales events at The Beverly subdivision were attended by more than 5,000 participants with 100% of commercial low-rise units released sold out within a week.

Vinhomes position as Vietnam’s leading real estate developer and operator was underpinned by a series of community events and promotional activities held across our mega projects. 

In Hanoi, a series of spring-themed events were held with four exciting concerts, namely "The taste of Spring days” at Vinhomes Smart City and “Spring by the Sea” at Vinhomes Ocean Park, Vinhomes Smart City and Vinhomes Ocean Park, resulting in more than 18,000 visitors. In Ho Chi Minh City, Vinhomes successfully held a “Carnival of Lights” serial concerts in Vinhomes Grand Park, attracting 50,000 visitors and residents. Vinhomes was honored in the Top 10 Developers in Vietnam at the BCI Asia Awards 2020 – 2021 for its efforts and achievements.

Vinhomes continued its ongoing digitization focus by adopting online platforms and offline activities to enhance the brand equity and to support new launches. 

VINHOMES RELEASED FINANCIAL STATEMENTS FOR THE FIRST HALF OF 2022

Hanoi, July 28, 2021, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the first half of 2022 in accordance with Vietnamese Accounting Standards (VAS) 

In the second quarter of 2022, Vinhomes successfully launched a new large-scale project Vinhomes Ocean Park 2 – The Empire during the Reunification Day and Labor Day holiday from April 30 to May 1. A series of events were held to stimulate demands, including a launch event on the holiday weekend attended by more than 30 strategic sales agencies. The project’s highlight is the world’s largest man-made wave pool of 18 ha Royal Wave Park that was opened on the same day of the launch. The Wave park’s opening and the ‘Hello Summer Ocean Park’ event attracted tens of thousands of visitors. By the end of June 2022, Vinhomes The Empire’s retail sales performed strongly, creating a record for contracted sales of VND 49 trillion, or USD 2.1 billion. 

As a result, cumulative unbilled bookings, the key driver for future revenue streams, was VND 129.3 trillion, an increase of 127% QoQ. Construction is on schedule, assuring Vinhomes being on track for handing over of residential units in the second half of 2022, and delivering on the full year targets.

However, due to timing difference of deliveries some precincts in existing large-scale projects including Vinhomes Ocean Park 1, Vinhomes Smart City and Vinhomes Grand Park, consolidated net revenue in the first six months on an adjusted basis, including revenue from Vinhomes' business activities, and underlying revenue of the business cooperation contracts (BCCs) and bulk sales transactions of which gain has been recognized as financial income, reached VND 18.95 trillion, lower on a year on year basis.

Consolidated profit before tax was VND 7.14 trillion, and consolidated profit after tax and minority interest was VND 5.05 trillion, representing 65% and 68% decreases compared to the same period last year, respectively. Earnings per share (EPS) in the first half of 2022 was VND 1,160.

As of June 30, 2022, total assets of Vinhomes reached VND 299.56 trillion, and total equity was VND 129.35 trillion, representing increases of 42% and 30% YoY.

On June 30, Vinhomes was awarded the BCI Asia Awards 2022. This is the 8^th consecutive time Vinhomes was honored as one of Vietnam Top 10 real estate developers in recognition of pioneering innovations in developing large-scale townships in Vietnam.

Vinhomes continued to organize community engagements frequently making Vinhomes’ projects the most livable townships in Vietnam. For example, ‘Festive Ocean Lagoon’ at Vinhomes Ocean Park 1 comprised of a series of beach activities, such as music festivals, children’ games, sports activities and food fairs, which transformed Vinhomes Ocean Park 1 into an exciting destination for weekend getaways that was very well-received by residents and customers.

Vinhomes accelerated the efforts to digitize sales and administrative activities. In June 2022, the electronic invitation platform integrated with QR code has supported check-in for more than 2,000 visitors attending Vinhomes events, offering customers convenience and optimizing costs.

Hanoi, October 26, 2022, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the third quarter of 2022 in accordance with Vietnamese Accounting Standards (VAS).
 
In the third quarter of 2022, total consolidated net revenue reached VND 17.8 trillion, thanks to the start of delivery of over 1,300 low-rise units at Vinhomes Ocean Park 2 – The Empire project after 5 months of construction, a new record for speed of development in the real estate market. Total pro-forma consolidated net revenue, including pro-forma revenue from bulk sales transactions and business co-operation contracts (BCCs), of which gains were recognized under the finance income, was VND 30.7 trillion, an increase of 35% year-on-year. Consolidated profit before tax was VND 18.9 trillion and consolidated profit after tax and minority interest was VND 14.5 trillion, representing an increase of 37% and 30%, respectively compared to the same period last year. Earnings per share (EPS) in the third quarter of 2022 was VND 3.329.
 
As of September 30, 2022, Vinhomes had total consolidated assets of VND 342 trillion, an increase of 48% in compared with the figure as of 31 December 2022, in which cash and cash equivalents increased by 3.2 times to reach over 14,7 trillion, thanks to the successful launch of new projects. Robust cash flow facilitates the accelerated construction and development speed at large-scale projects while reducing reliance on debt requirements. As a result, the net debt over equity ratio was 13%. Owners’ equity was VND 140 trillion as of September 30, 2022, representing an increase of 7% compared with the figure as of 31 December 2021.

In the third quarter of 2022, Vinhomes organized a series of well-attended promotional events to prepare for the launch of new projects, notably Vinhomes Ocean Park 3 – The Crown, which is the final phase of the 1,200-hectare “Ocean District” – Vinhomes Ocean Park. On October 10, 2022, the first 1,000 units in The Crown subdivision were launched, and recorded 800 deposits just after 3 days. Vinhomes Ocean Park 3 – The Crown has a total site area of ​​​​nearly 300 hectares that includes public amenities such as a 12.3-hectare Paradise Bay, Tropical Lagoon salt lake and Olympic-sized swimming pools, in addition to several class-leading facilities inherited from the previous two phases. Thanks to the success of this latest launch, Vinhomes generated cumulative contracted sales of VND 110 trillion after the first nine months of 2022, equivalent to 92% of the full year target.
 
Vinhomes Ocean Park 3 – The Crown is the first project launched under a new investment product offered by VMI Real Estate Investment and Management Company for investors with limited upfront capital to jointly invest in Vinhomes’ properties with a guaranteed return. This initiative is expected to generate liquidity for Vinhomes products as well as diversifying investment channels for customers.
 
Thanks to significant unbilled sales and the smooth delivery of the first 1,300 low-rise units mostly in the “Cha La” subdivision of Vinhomes Ocean Park 2 – The Empire by the end of September 2022, Vinhomes is confident that it will continue to be able to deliver units in this project on schedule, securing meaningful revenues and profitability in the fourth quarter of 2022 and into 2023. The Company also announced the establishment of two construction subsidiary companies in October of 2022 to ensure construction quality and timeline, especially in upcoming township projects.
 
Last but not least, Vinhomes was honored with the recognition of having the fastest growing brand value among the Top 10 leading enterprises participating in a poll held by Brand Finance, with a brand value worth USD 2.38 billion.

Hanoi, January 30, 2023, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the fourthquarter of 2022 in accordance with Vietnamese Accounting Standards (VAS).

In the fourth quarter of 2022, total consolidated net revenue reached VND 31.2trillion, representing an increase of 34% compared to the same period last year,thanks to the additional delivery of over 2,200 low-rise units at Vinhomes Ocean Park 2 – The Empire. Consolidated profit before tax was VND 12.5 trillion and consolidated profit after tax and minority interest was VND 8.9 trillion, representing a decrease of 10% and 24%, respectively compared to the same period last year. Earnings per share (EPS) in the fourth quarter of 2022 was VND 2,050.

In 2022, thanks to record speed of delivery at Vinhomes Ocean Park 2 – The Empire in 2022, consolidated net revenue was VND 62.4 trillion. Total pro-forma consolidated net revenue, including pro-forma revenue from bulk sales transactions and business co-operation contracts (BCCs), of which gains were recognized under the finance income, exceeded the guidance of VND 75 trillion, reaching VND 81.4 trillion. Consolidated profit before tax was VND 38.7trillion and consolidated profit after tax and minority interest almost reached the guidance at VND 28.6 trillion. Earnings per share (EPS) in 2022 was VND 6,945.

Sale activities witnessed a strong rebound in 2022 after two years being impacted by Covid-19, with contracted sales reached a record high of VND 128.2 trillion, a 62% increase year on year. Accordingly, unbilled bookings also stood at a record high of 107.6 trillion, a 105% increase year on year, supporting the revenue recognition in the upcoming quarters given the short-term market challenges.

As of December 31, 2022, Vinhomes had total consolidated assets of VND361.2 trillion, an increase of 57% compared to the figure as of 31 December 2021, in which cash and cash equivalents increased by 53% to reach over VND14.7 trillion, thanks to the successful launches of new projects. Moderate cash flow facilitates the accelerated construction and development speed at large-scale projects while reducing reliance on debt. As a result, the net debt to equity ratio was 14.4%. Owners’ equity was VND 148.4 trillion as of December 31, 2022, representing an increase of 13% compared with the figure as of December31, 2021.

In 2023, Vinhomes continues to remain the No. 1 position in real estate sector bycontinuing to develop new large scale urban areas with the aim to improve the quality of life and enhancing amenities for residents. Simultaneously, the Company actively develops social housing projects to address the urging housing needs for low-income people, thereby realizing the dream of home ownership for millions of Vietnamese workers.

Hanoi, April 28, 2021, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the first quarter of 2021 prepared in accordance with Vietnamese Accounting Standards (VAS).

Consolidated net revenue in the first quarter of 2021 was VND 12,986 billion, representing an increase of 99% compared to the same period last year, thanks to growth in delivery of retail units and bulk sale trnsactions.

In the first quarter of 2021, consolidated profit before tax was VND 7,085 billion, and consolidated profit after tax attributable to shareholders of the parent company reached VND 5,396 billion, representing 30% and 21% decreases year-on-year. Earnings per share (EPS) in the first quarter of 2021 was VND 1.640.

As March 31, 2020, Vinhomes had total consolidated assets of VND 207,715 billion, and a total consolidated equity of VND 94,605 billion, representing increases of 6% compared to the balances as of December 31, 2020.

In January 2021, Vinhomes officially announced the application of the Online to Offline (O2O) sale model and started to promote the secondary property trading leveraging the same system. Accordingly, this model will pioneer in building a transparent secondary real estate market as all information and selling prices are disclosed on Vinhomes Online marketplace at https://online.vinhomes.vn. This will increase the connection between the developer and owners of Vinhomes properties, aiming to raise property value and ensure the best liquidity for the property owners.

In March 2021, Vinhomes also launched the online leasing platform at https://stay.vinhomes.vn. This online leasing marketplace offers a safe and transparent choice for Vinhomes’ properties owners, while shortening time spent on looking for a home-for-rent for tenants. At the same time, the very first Vinhomes Serviced Residences units were also launched at the Gateway Tower in Vinhomes Smart City mega project.

Also, in March, Vinhomes continued to launch high rise units at Vinhomes Ocean Park and Vinhomes Smart City with highly attractive financial support policies. In 2021, the remaining products at these two mega projects are upgraded and launched at a higher-end segment.

With impressive sales results and vigorous promotional activities, Vinhomes continued to be voted No. 1 of the “Top 10 Reputable Real Estate Developers in 2021” ranking by Vietnam Report.

Hanoi, July 28, 2021, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the second quarter of 2021 in accordance with Vietnamese Accounting Standards (VAS).

Consolidated net revenue in second quarter of 2021 was VND 28,725 billion, representing a 75% increase over the same period last year.

In second quarter of 2021, consolidated profit before tax was VND 13,251 billion, and consolidated profit after tax and minority interest reached VND 10,232 billion, representing 190% and 198% increase year-on-year. Earnings per share (EPS) in second quarter of 2021 was VND 3,111.

As of June 30, 2021, Vinhomes had total consolidated assets of VND 210,000 billion, and total consolidated equity of VND 99,170 billion, representing an increase of 11% compared to December 31, 2020.

During the quarter, Vinhomes continued to roll out digital transformation initiatives to boost customer interaction amidst social distancing. The launch of The Metrolines project within the Vinhomes Smart City mega project via live-stream broadcast attracted 16,000 viewers. The Metrolines is strategically located at the junction of three future metro lines 5, 6, 7, and is developed to become a world-class project with three sections inspired by distinct cultural themes from the United States, Japan and Hong Kong. All three sections will offer exclusive privileges for future residents.

In May 2021, Vinhomes introduced the Vinhomes Sales Agent app as part of its O2O (Online – to – Offline) business model to connect its extensive network of agents and customers, and complete the multi-touchpoint ecosystem. During pilot test, the Vinhomes Sales Agent app recorded over 6,000 users, significantly contributed to the Company’s sales performance. Another proprietary app – the Vinhomes Resident app – is a comprehensive platform that provides best-in-class user experience for Vinhomes residents. This app provides various smart features for homeowners from the point of taking delivery to moving in.

Also in the second quarter, Vinhomes organized multiple exciting activities to support sales. In mid – April, a Recruitment Fair was held for 2 days in Hanoi and Ho Chi Minh City, attracting new professionals to join the Vinhomes sales force of 120 agencies.

In terms of community development, the largest man-made salt-water lagoon in Vietnam was opened at Vinhomes Ocean Park to welcome residents and further enhance their living experience, affirming the privilege of premier living and leisure in Vinhomes projects, whilst contributing to reduction of pollution and urban environmental protection.

Vinhomes received multiple honors at the Asia Pacific Property Awards (APPA), further enhancing its status as a world-class real estate developer. Particularly, Vinhomes Smart City won double awards for Mixed Use Development and Sustainable Residential Development categories. With such impressive achievements, the project was selected as the regional representative in the International Property Awards 2021. Last but not least, Vinhomes Grand Park in Ho Chi Minh City, with its unique design concept, boasts a 36-hectare riverside park and 15 recreation facilities with a variety of creative themes, won the award for best Residential High Rise Development in Vietnam.

Hanoi, October 29, 2021, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the third quarter of 2021 in accordance with Vietnamese Accounting Standards (VAS).

According to the unaudited consolidated financial statements for the third quarter of 2021, consolidated net revenue was VND 20,679 billion, representing a 22% decrease over the same period last year.

Consolidated profit before tax was VND 13,812 billion and consolidated profit after tax and minority interest was VND 11,167 billion, representing an 84% increase year-on-year mostly because more low-rise units with higher margin were delivered in 3Q2021. Earnings per share (EPS) in the third quarter of 2021 was VND 2,586.

As of September 30, 2021, Vinhomes had total consolidated assets of VND 219,639 billion and total consolidated equity of VND 119,542 billion, representing an increase of 4% and 34%, respectively compared to December 31, 2020.

In the third quarter of 2021, despite social distancing restrictions throughout Vietnam including Hanoi and Ho Chi Minh City, Vinhomes continued its digital transformation from offline to online for better adaptation to Covid. In early August 2021, Vinhomes introduced new promotion policy for successful transactions via Vinhomes Online. Vinhomes Online not only ensures “5K” measures for disease prevention but also offers best-in-class convenience, transaction speed and cost to users.

At the end of September 2021, Vinhomes broadcasted a series of talk shows called “The Pioneer” consisting of 5 sessions on Vinhomes’ premier position in the real estate market. The first session on “Multi-centered Hanoi and the great migrations” was a big success with nearly 1,000,000 participants on various social platforms.

In Ho Chi Minh City, “Investment during Pandemic” – an online panel discussion – was held at Vinhomes Grand Park, attracting 12,000 salespersons from 62 agencies.

In the third quarter of 2021, Vinhomes continued to introduce new launches. In July 2021, an American-style block in the Miami complex of the Vinhomes Smart City mega project called the GS1 block was launched. In the same month, the Company also launched P4 block in The Ocean View complex at Vinhomes Ocean Park along with online sales training event, attracting over 600,000 views and nearly 30,000 interactions via many online platforms. In Thanh Hoa, the launch of Sunflower zone at Vinhomes Star City was well-received, 274 villas have been sold out after one week.

In the fourth quarter of 2021, whilst social movements are expected to resume as the Government recently issued a regulation on “Adapting Safely, Flexibly, and Effectively with Covid-19”, Vinhomes will continue to invest in its online platforms to better adapt to the pandemic and to create a cornerstone for a future breakthrough.

Hanoi, January 28, 2021, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the fourth quarter of 2021 in accordance with Vietnamese Accounting Standards (VAS).

Consolidated net revenue in the fourth quarter of 2021 was VND 23,413 billion, representing an increase of 6% compared to the same period last year. Consolidated profit before tax was flat at VND 14,126 billion versus 4Q2021 while consolidated profit after tax and minority interest was VND 11,932 billion, representing a 8% increase year-on-year. Earnings per share (EPS) in the fourth quarter of 2021 was VND 2,740.

In 2021, consolidated net revenue was VND 85,094 billion, representing an increase of 19% compared to 2020. Consolidated profit before tax was VND 48,469 billion and consolidated profit after tax and minority interest reached VND 39,017 billion, representing a 33% and 43% increase compared to those of 2020, respectively. Earnings per share (EPS) in the year 2021 was VND 9,060.

As of December 31, 2021, Vinhomes had total consolidated assets of VND 230,418 billion and total consolidated equity of VND 131,699 billion, representing an increase of 7% and 47% compared to December 31, 2020.

In the fourth quarter of 2021, the Government promulgated the regulation on “Safely adapting, flexibly, effectively controlling the COVID-19 epidemic” which was implemented across the country, in order to restore social-economic growth in Vietnam. As a result, Vinhomes’ business activities have improved and achieved remarkable breakthroughs. The Company held several sales and marketing events, both on and offline.

Following the success of the first series, “The Pioneer” talk show became a highly popular broadcast program, widely followed by agents and potential customers. The series has over 7 million views after 5 online episodes, allowing Vinhomes to win a reputation of innovative business approaches.

Also in the fourth quarter, Vinhomes continued to launch new products with impressive results. The launch of The Beverly at Vinhomes Grand Park in Ho Chi Minh City was the market highlight with a series of outstanding events. The soft launch of the project attracted 2,000 agents, while the exhibition of the scale model and show units welcomed 8,000 visitors. Especially in December, Vinhomes and Mitsubishi Corporation signed a memorandum on comprehensive strategic partnership in the areas of Urban development and Real estate business, Smart city management and Digital transformation and Energy transformation.

In Hanoi, Vinhomes launched the P2 tower in The Pavilion at Vinhomes Ocean Park. All the units were fully booked after 2 openings. The lucky draw for buyers of Vinhomes Ocean Park and Vinhomes Smart City was organized, attracting 15,000 customers. In Vinhomes Star City (Thanh Hoa City), villas of Mau Don compound have been sold quickly after launch at an absorption rate of 80%.

Vinhomes also led the way in property management. The Company organized several community engagements which was well-received by residents. One of the most notable events was the Christmas and New Year event held at 200 buildings in 16 Vinhomes’ projects across the country, creating a splendid and colorful festive environment.

In 2021, Vinhomes received multiple international honors for outstanding construction works. Particularly, the TechnoPark Tower at Vinhomes Ocean Park won double awards for Most Intelligent District at IBcon Digie Awards 2021 and was granted a Leadership in Energy and Environmental Design Certificate (LEED) Platinum v4 by the U.S. Green Building Council.

Moving into 2022, Vinhomes expects to extend its market leadership by launching mega projects especially in the North of Vietnam, and to continue the digital transformation by applying advanced technology to create state-of-the-art projects in Vietnam that rival premier international projects.

Hanoi, April 27, 2020, Vinhomes Joint Stock Company (ticker “VHM”) released its consolidated financial statements of the first quarter of 2020 (1Q2020) prepared in accordance with the Vietnamese Accounting Standards (VAS).

In 1Q2020, pro-forma consolidated net revenue, including revenue from Vinhomes’ business activities, business cooperation contracts (BCC) and bulk sales transaction recognized as financial income, reached VND 18.535 trillion. Pro-forma revenue from sale of inventory properties in 1Q2020 was VND 17.733 trillion, accounting for 96% of the pro-forma consolidated revenue.

In 1Q2020, consolidated profit before tax was VND 10.124 trillion, and consolidated profit after tax and non-controlling interests reached VND 6.844 trillion, representing 201% and 169% increase compared to those of 1Q2019 respectively. Earnings per share (EPS) in 1Q2020 was VND 2,080, up 174% compared to that of 1Q2019.

As of March 31, 2020, Vinhomes had a total consolidated asset of VND 203.007 trillion, and a total equity of VND 72.339 trillion, representing an increase of VND 5.8 trillion and VND 7.6 trillion, respectively compared to the balances as of December 31, 2019.

During the first three months of 2020, Vietnamese companies including Vinhomes have been facing many challenges as the whole economy has been affected by the impact of the Covid-19 outbreak. Due to the complicated escalation of the Covid-19 situation, Vinhomes and Vingroup have been fully complying with the government’s policies and directives to prevent further contagion, prioritizing the health safety of the public including Vinhomes’ and Vingroup’s members of staff and at the same time, preparing various contingent business plans to adapt to the new circumstance. After the strict social distancing period ordered by the government starting from April 1^st, 2020 to April 15^th, 2020, all Vinhomes’ construction activities have resumed on April 16^th, 2020 and all showrooms have reopened on April 23^rd, 2020.

The Sapphire Parkville zone at Vinhomes Smart City was officially launched in 1Q2020. The first units at Sapphire 2 zone of Vinhomes Ocean Park were also delivered, while the sale of Sapphire by the Sea zone (Sapphire 1) started. New launches were also carried out at other Vinhomes-branded projects such as Vinhomes Symphony in Hanoi and Vinhomes Marina in Hai Phong.

In 1Q2020, Vinhomes also launched the “Buy Vinhomes – Get VinFast Voucher” promotion, marking the partnership of a unprecedented scale between the Vinhomes and VinFast brands. Especially, on April 9, 2020, the Company’s e-commerce platform – Vinhomes Online (https://online.vinhomes.vn) – was officially launched, which enables customers to make purchases remotely with unrivalled convenience, speed and pricing. On the first day of launch alone, the website attracted 32,000 visitors and 200 properties were transacted successfully.

In addition to Vinhomes Online, Vinhomes is also establishing Vinhomes TV, which will produce the marketing materials for Vinhomes projects, while offering the most accurate and detailed consultation via video to the customers. The channel is currently in pilot operation and set to be launched officially in May 2020.

Hanoi, July 25, 2020, Vinhomes Joint Stock Company (ticker “VHM”) released its consolidated financial statements of the first half of 2020 (1H2020) prepared in accordance with the Vietnamese Accounting Standards (VAS).

In the first-six month, converted consolidated net revenue, including revenue from Vinhomes’ business activities, business cooperation contracts (BCC) and transfer of projects recognized as financial income, reached VND 35.611 trillion. Converted revenue from sale of inventory properties in the first half of 2020 was VND 34.062 trillion, accounting for 96% of the converted consolidated net revenue.

In the first six months, consolidated profit before tax was VND 15.154 trillion, and consolidated profit after tax attributable to shareholders of the parent reached VND 10.602 trillion, representing 13% and 8% increase compared to those of 1H2019 respectively. Earnings per share (EPS) in the first half of 2020 was VND 3,223, up 10% compared to the same period of 2019.

As of June 30, 2020, Vinhomes had a total consolidated asset of VND 225.577 trillion, and a total consolidated equity of VND 76.153 trillion, representing increases of 14% and 18% respectively compared to the balances as of December 31, 2019.

In 2Q2020, in the North, the Company successfully launched a number of residential towers at Vinhomes Ocean Park and Vinhomes Smart City. In the South, the Company officially launched the two low-rise compounds, Manhattan and Manhattan Glory, at Vinhomes Grand Park.

Vinhomes introduced the Vinhomes’ e-commerce platform, Vinhomes Online, at online.vinhomes.vn at the beginning of April – during the period of social distancing. This has helped maintain the Company’s sales momentum even when the sales force was not able to meet the customers directly.

Construction has been progressing on track, despite of a brief lockdown in the beginning of April due to the social distancing order, therefore the delivery schedule at the three mega projects Vinhomes Ocean Park, Vinhomes Smart City and Vinhomes Grand Park will proceed as planned.

In June, for the first time, Vinhomes successfully brought about sales launches with the “3 in 1” format: offline event, livestream on the projects’ Fan-page and online purchase on the new e-commerce platform online.vinhomes.vn.

This breakthrough initiative has brought impressive sales results.  Notably, the launches of S1.08 and S1.07 towers of the Sapphire 1 compound at Vinhomes Ocean Park have set a new sales record with nearly 50% and 60% of the launched units sold within 60 minutes.

On top of the remarkable achievements in residential real estates that have helped Vinhomes maintain its leading position in the market, in the second quarter of 2020, the Company has received the land handover decision for the Extended Suppliers Park in Hai Phong. The Company is also in the process of completing relevant procedures to put a number of other industrial park projects into operation soon.

Hanoi, October 28, 2020, Vinhomes Joint Stock Company (ticker “VHM”) released its consolidated financial statements of the first 9 months of 2020 (9M2020) prepared in accordance with the Vietnamese Accounting Standards (VAS).

In the first nine months, consolidated net revenue reached VND 49,378 billion, increased by 31% as compared to the same period of 2019, thanks to deliveries of residential units at Vinhomes Ocean Park, Vinhomes Grand Park, Vinhomes Smart City and Vinhomes Marina. Converted consolidated net revenue of the first 9 months of 2020, which includes revenue from Vinhomes’ business activities, business cooperation contracts (BCC) and transfer of projects recognized as financial income, reached VND 62,565 billion, also up 19% compared to the same period of 2019.

In the first nine months, consolidated profit before tax was VND 22,199 billion, and consolidated profit after tax attributable to shareholders of the parent reached VND 16,337 billion, representing 6% and 7% increases compared to those of 9M2019 respectively. In the third quarter of 2020, consolidated profit before tax reached VND 7,502 billion, up by 64% compared to the previous quarter. Earnings per share (EPS) in the first nine months of 2020 was VND 4,966, up 9% compared to that of the same period of 2019.

As of September 30, 2020, Vinhomes had a total consolidated asset of VND 220,509 billion, and a total consolidated equity of VND 78,779 billion, representing increases of 12% and 22% respectively compared to the balances as of December 31, 2019.

In the third quarter of 2020, Vinhomes launched The Origami, a high-end apartment complex at Vinhomes Grand Park. As of 14 October 2020, more than 4,500 units have been sold at an absorption rate of more than 90% with the vast majority of buyers being Vietnamese.

In the North, Vinhomes continued to launch new sections/towers at its mega projects. In the third quarter, Vinhomes Smart City saw the launch of The Grand Sapphire section at the very heart of the mega project, with greenery and watery space covering two thirds of the section’s site area. Vinhomes Ocean Park launched the first tower equipped with the Smart Home system – S1.02 in the Sapphire by the Sea zone.

In 3Q2020, Vinhomes’ three mega projects have delivered nearly 10,400 apartments, villas and shop houses on track with the quality and schedule committed with the customers. A similar number of units are scheduled for hand-over in the last quarter of the year.

Upon all these impressive achievements, Vinhomes continues to be the leader in “Top 10 Reputable Real Estate Developers 2020” by Vietnam Report and shortlisted by Forbes for the second consecutive year in the “Top 10 Leading Brands in Vietnam 2020”, joined by Vincom Retail, with a brand value reaching US$ 413 million.

Hanoi, January 28, 2021, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the year ended 31 December 2020 prepared in accordance with Vietnamese Accounting Standards (VAS).

In 2020, consolidated net revenue reached VND 70,890 billion, an increase of 37% year on year. Consolidated net revenue in the fourth quarter of 2020 was VND 21,512 billion, representing an increase of 54% compared to the same period last year, thanks to delivery of residential units at Vinhomes Ocean Park, Vinhomes Grand Park, Vinhomes Smart City and Vinhomes Symphony. Converted consolidated net revenue of 2020, which includes revenue from Vinhomes’ business activities, business cooperation contracts (BCC) and bulk sales recognized as financial income, reached VND 98,089 billion, an increase of 43% compared to 2019.

In 2020, consolidated profit before tax was VND 37,047 billion, and consolidated profit after tax attributable to shareholders of the parent reached VND 27,839 billion, representing 25% and 28% increases compared to those of 2019 respectively. In the fourth quarter of 2020, consolidated profit before tax reached VND 14,847 billion, up by 98% compared to the previous quarter, which was due to larger delivery and recognition of both retail and bulk sales. Earnings per share (EPS) in 2020 was VND 8,463, up 30% compared to that of 2019.

As December 31, 2020, Vinhomes had total consolidated assets of VND 214,937 billion, and a total consolidated equity of VND 89,685 billion, representing increases of 9% and 39% respectively compared to the balances as of December 31, 2019.

In the fourth quarter of 2020, Vinhomes continued to introduce new products to the market with impressive launch results. In Ho Chi Minh City, the last two compounds of The Origami at Vinhomes Grand Park, The Origami Zen (S10) and The Origami Park (S6) were launched, in which all 2,100 units of The Origami Zen were fully booked in one day.

Vinhomes maintained its leading dominance in the supply in the northern markets with its two mega projects, Vinhomes Ocean Park and Vinhomes Smart City. 4Q2020 saw the official launch of the well-received The Zenpark featuring the highest product line currently available at Vinhomes Ocean Park, where residents can enjoy resort-style living experience everyday right in their own homes.

In the fourth quarter of 2020, Vinhomes Ocean Park and Vinhomes Smart City have introduced show flats fully equipped with Smart Home technology exclusively developed by VinSmart. At the Smart City Award 2020, Vinhomes won 2 awards, including the most prestigious “Excellent Smart Real Estate Developer” for its pioneering position in the development of smart cities in Vietnam.

Vinhomes is also the only real estate developer honored amongst in Vietnam’s Top 5 Leading Brands 2020 by Forbes Vietnam in this last quarter of 2020.

Hanoi, April 22, 2019, Vinhomes Joint Stock Company (ticker “VHM”) released its consolidated financial statements of the first quarter of 2019 (1Q2019) prepared in accordance with Vietnamese Accounting Standards (VAS).

In 1Q2019, consolidated net revenue and profit after tax attributable to shareholders of the parent were VND 5.853 trillion and VND 2.540 trillion respectively.

Revenue from sale of inventory properties in 1Q2019 was VND 4.837 trillion, accounting for 83% of total revenue. Projects under business cooperation contracts with Vingroup and its subsidiaries, including Vinhomes The Harmony, Vinhomes Imperia, Vinhomes Dragon Bay and Vinhomes Star City Thanh Hoa, reported total revenue of VND 2.282 trillion. Besides, revenue from leasing investment properties and revenue from rendering real estate management services were VND 607 trillion. In 1Q2019, consolidated profit before tax was VND 3.358 trillion, including profits received from business cooperation contract and project transfer of VND 3.118 trillion. Contracted sale including pre-sales under new sale and purchase agreements and non-cancelable deposits (including projects under cooperation development agreements with Vingroup) were VND 12.079 trillion during the first quarter of 2019, an increase of 69% over the same period of last year. As of March 31, 2019, cumulative contracted sale reached VND 242.037 trillion (*).

As at March 31, 2019, Vinhomes had total consolidated assets of VND 128.472 trillion, and total equity of VND 50.756 trillion, an increase of VND 8.783 trillion and VND 2.611 trillion respectively compared to the balances as at the end of 2018.

In 1Q2019, Vinhomes announced the restructuring of all of its product lines into two brands – Vinhomes and Happy Town – of which, Vinhomes-branded projects are mixed-use or mega projects offering mid- to high-end products in compliance with international standards.

Vinhomes mega projects will be marketed as projects developed to the “Singapore and more” standard, featuring full facilities and amenities and in line with the Vinhomes development standard. Each Vinhomes mega project will feature three distinct product lines to meet the needs of our diverse customers from the mid- to high-end segments, namely Vinhomes Sapphire (previously VinCity), Vinhomes Ruby and Vinhomes Diamond.

Vinhomes Ocean Park (previously VinCity Ocean Park) is a 420-ha Lake city, a mixed-use mega project that features Vietnam’s largest man-made lakes, including a 6.1ha salt-water lake. Vinhomes Ocean Park is expected to be launch into operation the first component, a 24.5ha fresh-water reservoir and a white sandy beach, in the 2nd quarter of 2019. Vinhomes Smart City (previously VinCity Sportia) will become the largest smart city in Vietnam. Vinhomes will apply advanced technologies in project management and services in four main areas: Smart Security, Smart Operation, Smart Community and Smart Homes. Vinhomes Smart City is a collaboration between Vinhomes and Vingroup’s technology initiatives, which is expected to set the foundation for our Company and Vingroup to apply the latest technology in our ecosystem of products and services for customers.

Last but not least, Vinhomes continues to make headway in other pipeline projects and will continue to launch more projects for the remainder of 2019.

Notes:

(*) including projects under cooperation development agreements with Vingroup and its subsidiaries

Hanoi, July 29, 2019, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements of the six-month period ended 30 June 2019 prepared in accordance with Vietnamese Accounting Standards (VAS).

In the six-month period ended 30 June 2019, consolidated net revenue and profit after tax attributable to shareholders of the parent were VND 26.770 trillion and VND 9.783 trillion respectively.

Revenue from sale of inventory properties in this period was VND 24.963 trillion, accounting for 93% of total revenue. Projects under business cooperation contracts with Vingroup and its subsidiaries, including Vinhomes The Harmony, Vinhomes Imperia, Vinhomes Dragon Bay, Vinhomes Star City Thanh Hoa and Vinhomes Skylake, reported total revenue of VND 7.999 trillion. Besides, revenue from leasing investment properties and revenue from rendering real estate management services was VND 1.197 trillion. In this period, consolidated profit before tax was VND 13.416 trillion, approximately 35% higher than the same period in 2018.

Contracted sale including pre-sales under new sale and purchase agreements and non-cancelable deposits (including projects under cooperation development agreements with Vingroup and its subsidiaries) were VND 30.873 trillion during the first half of 2019, an increase of 93% over the same period of last year.

As at June 30, 2019, Vinhomes had total consolidated assets of VND 138.695 trillion, and total equity of VND 58.910 trillion, an increase of VND 19.006 trillion and VND 10.765 trillion respectively compared to the balances as at the end of 2018.

In 2Q2019, Vinhomes JSC successfully rebranded the three VinCity projects into Vinhomes-branded mega projects with a variety of product offerings and comprehensive amenities. Each Vinhomes mega city consists of three distinct product lines that cater to customers from mid to high-end, including: Sapphire, Ruby and Diamond.

Vinhomes Ocean Park (previously VinCity Ocean Park) is a 420-ha Lake city, a mixed-use mega project that features Vietnam’s largest man-made lakes, including a 6.1ha salt-water lake. In 2Q2019, Vinhomes Ocean Park’s 24.5ha central reservoir was unveiled with the “Lagoon Festival” events, attracting nearly 50,000 future residents and customers.

Vinhomes Smart City (previously VinCity Sportia) in Hanoi is the largest smart city in Vietnam – a pioneering step of Vinhomes in particular and Vingroup in general. Vinhomes will apply advanced technology in project management and services in four main areas: Smart Security, Smart Operation, Smart Community and Smart Homes (commercial product available on demand), creating a new living standard for elite residents in the new commercial center of Hanoi.

Vinhomes also successfully introduced the Vinhomes Grand Park project to the market in June 2019. This is a smart green city in which there will be a mega 36ha grand park consisting of 15 smaller themed parks. At the same time, smart technology will also be applied in the project in the aforementioned four key areas. The project was an immediate success and recorded 100% absorption rate for over 10,000 units within only 17 days after soft launch, a rare achievement in the real estate market in South Vietnam.

Last but not least, Vinhomes continues to make progress in various projects in Hanoi, Ho Chi Minh City and other major cities and provinces, contributing to the modernization of Vietnam. In subsequent quarters in 2019, the Company aims to make progress and launch more projects into a supportive market backdrop, especially in the last months of the year.

Vinhomes Announced Business and Financial Results for the First 9 Months Of 2019

Hanoi, October 29, 2019, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements of the nine-month period ended 30 September 2019 prepared in accordance with Vietnamese Accounting Standards (VAS).

In the nine-month period, consolidated net revenue and profit after tax attributable to shareholders of the parent were VND 37.642 trillion and VND 15.323 trillion respectively.

Revenue from sale of inventory properties in this period was VND 34.957 trillion, accounting for 93% of total revenue. Projects under business cooperation contracts (“BCC”) with Vingroup and its subsidiaries, including Vinhomes The Harmony, Vinhomes Imperia, Vinhomes Dragon Bay, Vinhomes Star City Thanh Hoa and Vinhomes Skylake, reported total revenue of VND 13.559 trillion. Besides, revenue from leasing investment properties and from rendering real estate management services was VND 2.016 trillion. In this period, consolidated profit before tax was VND 21.013 trillion, approximately 41% higher than the same period in 2018.

Contracted sale, including both contract value of both retail sale units and transaction value of bulk sale, were VND 66.552 trillion during the nine-month period ended September 30, 2019, an increase of 177% over the same period of last year.

As at September 30, 2019, Vinhomes had total consolidated assets of VND 161.662 trillion, and total equity of VND 63.483 trillion, an increase of VND 41.973 trillion and VND 15.338 trillion respectively compared to the balances as at the end of 2018.

In 3Q2019, Vinhomes has organized a series of marketing and community events that leverages the beautiful landscape at three mega-city projects namely Vinhomes Grand Park, Vinhomes Smart City, and Vinhomes Ocean Park.

In July 2019, the Vinhomes Grand Park project was launched for sales and immediately set a record on Ho Chi Minh City’s real estate market by successfully selling more than 10,000 units in only 17 days, recording absorption rate of 100%. More marketing events will be held at Vinhomes Grand Park in 4Q2019 on the back of positive sales momentum.

In Hanoi, the 6-hectare Japanese Garden at Vinhomes Smart City project opened in September 2019, introducing a record-setting 5,000-lantern garden, a forest of valuable Buddhist pine trees, a man-made mountain, and a 12-meter high stone cliff. Vinhomes also organized a series of entertainment events attracting over 24,000 potential homebuyers and resulted in double monthly sales.

At Vinhomes Ocean Park, after large-scale launch events in May 2019 organized around the central lake, the project continued to be a destination for various types of activities such as beach party, BBQ party, Mid-autumn Festival in the third quarter of 2019. Thousands of customers also visited the project site and show rooms during weekends. On 14 July 2019, the Sapphire 1 zone was launched, offering attractive products located at the heart of this ocean city with direct view to the 24.5ha central reservoir.

In addition to robust retail sales, wholesale activities continued to be strong in 3Q2019 at Vinhomes mega projects. Specifically, five blocks of Vinhomes Smart City and 21 blocks of Vinhomes Grand Park have been sold to sub-developers, providing more options for residents at Vinhomes mega projects.

Vinhomes will issue Resident cards to all customers of Vinhomes Ocean Park and Vinhomes Smart City who have signed sales and purchase agreement so that they can freely enter and enjoy the projects’ landscape and infrastructure before hand-over instead of having to wait until the handover date.

Other Vinhomes projects in Hanoi, Ho Chi Minh City and other cities were also warmly received.
In 4Q2019, Vinhomes plans to launch a few new projects to offer diversity to both homebuyers and investors.

PRESS RELEASE

VINHOMES’ 4Q2019 EARNINGS ANNOUNCEMENT

Hanoi, January 30, 2020, Vinhomes Joint Stock Company (“Vinhomes” or “the Company”) (ticker “VHM”) released its consolidated financial statements of the fourth quarter of 2019 prepared in accordance with Vietnamese Accounting Standards (VAS).

In 4Q2019, consolidated net revenue was VND 14.2 trillion, a decrease of 12.8% year-on-year; however, profit before tax and profit after tax and minority interests were VND 8.645 trillion and VND 5.981 trillion respectively, increasing 78% and 132% compared to same period in 2018. VHM reported robust profitability growth despite lower revenue because of better margins for projects being recognized in 2019, and successful bulk sale transactions during the year.

Revenue from sale of inventory properties in 4Q2019 was VND 13.2 trillion, also lower than the same period in 2018 for the same reason mentioned above. Revenue from leasing investment properties and rendering real estate management services in 4Q2019 were VND 630 billion, an increase of 57% year-on-year.

In 2019, revenues from Vinhomes’ own projects and projects under business cooperation contracts with Vingroup and its subsidiaries recorded a total of VND 67.3 trillion. Of which, Vinhomes’ consolidated net revenue from was VND 51.8 trillion, an increase of 34% year-on-year, and revenue from cooperation projects was VND 15.5 trillion.

Vinhomes’ consolidated profit after tax was VND 24.2 trillion, 118% of the company’s budget, and an increase of 49% compared to 2018. The Company’s unconsolidated profit after tax was VND 21.3 trillion, an increase 49% compared to 2018. Earnings per share (EPS) in 2019 was VND 6,369, an increase of 41% compared to 2018.

As of December 31, 2019, Vinhomes had total consolidated assets of VND 197.2 trillion, and total equity of VND 64.756 trillion, increasing 65% and 35% respectively compared to 2018.

In 4Q2019, Vinhomes organized new launches in the Vinhomes Symphony project – a high-end condominium complex adjacent to the Vinhomes Riverside mixed-use project in Hanoi – and the Sapphire and Ruby segments in the mega projects Vinhomes Smart City and Vinhomes Ocean Park. Vinhomes Symphony has a take-up rate of 83% out of nearly 800 units offered for sale. As of December 31, 2019, Vinhomes total unbilled bookings were VND 91.4 trillion, an increase of 31% year-on-year.

2019 was a record year during which Vinhomes launched several new products and projects, and improved greatly in scale and quality with several market-first product offerings in Vietnam. In the fourth quarter of 2019 alone, Vinhomes receive three consecutive records for the Vinhomes Ocean Park project in Gia Lam, Hanoi, including “World’s largest man-made saltwater and freshwater lakes with white sand surrounding”, “Vietnam’s largest saltwater lake”, and “Vietnam’s largest lake with white sand surrounding”. The Vinhomes Smart City project also set a record for “The residential project with the central park having the most diversified sports theme in Vietnam” in 4Q2019. In an unprecedented gesture in the Vietnamese real estate market, Vinhomes issued residence cards to residents of the Vinhomes Ocean Park and Vinhomes Smart City mega projects so that they can enter and enjoy the diverse offerings of facilities.

In 2020, Vinhomes aims to improve operational leverage and increase company value by optimizing customer experience, providing additional value-added services and ancillary products and promoting residential leasing services for homebuyers. Besides existing competencies, Vinhomes is looking into investing in industrial real estate as another potential source of profit and cashflow diversification and to bolster its recurring income portfolio. On the macro front, FDI inflows to Vietnam continued to increase, reporting a CAGR of 15.8% in the period of 2014 – 2018, mainly in the manufacturing and processing segment. At the company level, an investment and development of an industrial real estate portfolio leverages Vinhomes’ experience in land banking, infrastructure development, and Vingroup’s ecosystem and Industrial and Technology nexus.

Hanoi, July 30th, 2018, Vinhomes Joint Stock Company (“Vinhomes” or “the Company”) released its interim consolidated financial statements of the second quarter of 2018 (2Q2018) prepared in accordance with Vietnamese Accounting Standards (VAS).

Hanoi, July 30^th, 2018, Vinhomes Joint Stock Company (“Vinhomes” or “the Company”) released its interim consolidated financial statements of the second quarter of 2018 (2Q2018) prepared in accordance with Vietnamese Accounting Standards (VAS).

In the second quarter of 2018, total consolidated revenue reached VND 5.434 trillion, an increase of 203% year-on-year. Revenue from sale of inventory properties was VND 4.947 trillion, an increase of 3.869 trillion or 359% over the same period last year, due to deliveries at several projects including Vinhomes Central Park and Vinhomes Green Bay.

Revenue from leasing and rendering of related services and revenue from property management services have increased by more than 100% year-on-year. Income from business cooperation contracts (BCC) with Vingroup and another Vingroup subsidiary over the Vinhomes The Harmony, Vinhomes Golden River, Vinhomes Imperia and Vinhomes Dragon Bay projects amounted to VND 3.952 trillion. Profit before tax was VND 4.985 trillion, and net profit after tax was 3.882 trillion.

As at June 30th, 2018, Vinhomes had total assets of VND 117.268 trillion, total equity of VND 41.963 trillion, an increase of 129% and 314% compared with the end of the 2017 financial year.

In 2Q2018, Vinhomes introduced 3 new projects including Vinhomes West Point in Hanoi, Vinhomes New Center in Ha Tinh city and Vinhomes Star City in Thanh Hoa city. The Vinhomes West Point apartment, office and commercial complex has become a highlight in the West of Hanoi thanks to its prime location at the junction of Pham Hung and Do Duc Duc streets. The project received great interests from both local and foreign homebuyers. Particularly, the number of foreigners that have made deposits has reached the regulatory foreign ownership limit.

In Thanh Hoa city, Vinhomes Star City introduced the Rose section – the only section that has a French design out of five distinct sections in the project. With neo-classical design and popular facilities including Vinschool and Vinmec, the Rose section immediately generated good momentum from both homebuyers and investors in Thanh Hoa. The project’s shop-house component was the fastest selling and had remarkably high absorption rate.

In Ha Tinh city, Vinhomes New Center has given a boost to the local real estate market. For the first time in the city, there is a modern residential project with integrated amenities including a public square, swimming pools, BBQ garden, children playgrounds and sports areas. The project was a pioneer in creating a modern lifestyle for the locals.

On May 17, 2018, Vinhomes has successfully listed shares on Ho Chi Minh Stock Exchange under the ticker symbol VHM. Since then, Vinhomes has been among the Top 2 largest listed companies in terms of market capitalization in Vietnam.

In June, Vinhomes announced the “Happy Town” brand, offering houses from VND200 million per unit to low-income earners and workers in key industrial cities, helping them to improve their living standard. With “Happy Town”, Vinhomes offers a full suite of residential products, with Vinhomes premium and high-end properties, VinCity mid-end properties and Happy Town affordable housing.

To providing a safe living environment for Vinhomes residents, in 2Q2018, we invested VND500 billion to upgrade security and fire safety systems in all Vinhomes high-rise projects. A key upgrade was replacing all apartment front doors by fire-resistant doors of up to 70-minute protection.

In addition, Vinhomes launched the “Smart young residents” program this summer, providing free lessons on swimming, fire safety and self-protection for children. This initiative was welcome by many and received thousands of registrations across our communities nationwide.

Hanoi, October 30th, 2018, Vinhomes Joint Stock Company (“Vinhomes” or “the Company”) released its interim consolidated financial statements of the third quarter of 2018 (3Q2018) prepared in accordance with Vietnamese Accounting Standards (VAS).

In the third quarter of 2018, total consolidated revenue reached VND 6.878 trillion. Profit before tax and profit after tax to shareholders of the parent were VND 5.126 trillion and VND 3.848 trillion respectively, which were 186% and 176% higher than 3Q2017.

Revenue from sale of inventory properties was VND 5.534 trillion. Revenue from leasing and revenue from property management services were VND 702 billion. Income from business cooperation contracts (BCC) further contributed VND 1.305 trillion to profit before tax.

As at September 30th, 2018, Vinhomes had total consolidated assets of VND 138.195 trillion and total equity of VND 46.275 trillion, an increase of 169% and 357% compared to the end of the 2017 financial year.

Vinhomes has successful launched VinCity Ocean Park in October of 2018. All VinCity projects are designed to enhance life quality for homebuyers, featuring low construction density, large-scale areas dedicated to greenery and water surfaces and integrated amenities such as schools, medical facilities, office, commercial and retail components.

VinCity Ocean Park is located approximately 14km from the CBD of Hanoi, on a vast 420-hectare site, with construction density of just 19%, a first-of its kind salt lake, white sandy beaches, large green public spaces and plenty of infrastructure. The project also offers an innovative 35-year mortgage scheme at affordable rates.

In the third quarter, Vinhomes also continued to market units in its high-end Vinhomes West Point project in the heart of the West of Hanoi with Dual Key Officetels. Vinhomes West Point apartments allow buyers to use them as “home office”, “shared-office”, co-working space” or “homestay“, offering flexibility as well as an attractive investment opportunity.

Hanoi, January 30, 2019, Vinhomes Joint Stock Company (ticker “VHM”) released its consolidated financial statements of the fourth quarter of 2018 (4Q2018) prepared in accordance with Vietnamese Accounting Standards (VAS).

In 4Q2018, consolidated net revenue reached VND 16.400 trillion, an increase of 47% year-on-year^(*). Profit before tax and profit after tax attributable to shareholders of the parent were VND 4.508 trillion and VND 2.347 trillion, respectively.

Revenue from sale of inventory properties was VND 15.432 trillion, an increase of 40% year-on-year^(*). Revenue from leasing investment properties and revenue from rendering real estate management services, which was not available in 2017, were VND 550 billion in 4Q2018. Income from business cooperation contracts (BCC) was VND 2.533 trillion, an increase of 429% year-on-year^(*).

For the fiscal year 2018, total consolidated net revenue was VND 38.806 trillion, an increase of 27% compared to 2017^(*). Besides, revenue from business cooperation contracts (BCC) with Vingroup and subsidiaries (including Vinhomes Golden River, Vinhomes The Harmony, Vinhomes Imperia, Vinhomes Dragon Bay and Vinhomes Star City Thanh Hoa) was VND 36.203 trillion. As such, revenues from Vinhomes projects and BCC projects totalled VND 75.009 trillion in 2018^(**), an increase of 146% year-on-year. Profit after tax of the parent company was VND 14.234 trillion, an increase of 27% year-on-year^(*). Earnings per share (EPS) in 2018 was VND 4,551.

As at December 31, 2018, Vinhomes had total consolidated assets of VND 117.808 trillion and total equity of VND 48.119 trillion, an increase of 130% and 375% respectively compared to the balances as at the end of 2017.

In the 4^th quarter, Vinhomes introduced VinCity Sportia in the new CBD in the western part of Hanoi and Vinhomes Marina in Hai Phong. Located on Thang Long Avenue, in the Tay Mo, Dai Mo area, the 280ha development has a mega sports complex, a lot of greeneries, open spaces, and a plethora of unique amenities, resulting in a low construction density of 14.7%. Meanwhile, the high-end project Vinhomes Marina is the first and only Mediterranean-style urban complex in Hai Phong, the third largest city in Vietnam, boasting over 1,000 villas, townhouses and shop houses, as well as a 7.2ha conditioning lake and other exciting facilities.

In 2018, Vinhomes launched four Vinhomes projects (including Vinhomes West Point, Vinhomes Star City Thanh Hoa, Vinhomes New Center Ha Tinh and Vinhomes Marina), which target high-end segment, and two mega VinCity projects, which target mid-end segments. These new projects received very strong customer interest, of which VinCity projects have recorded good sell through rates in 4Q2018. In 2018, Vinhomes pre-sold and received deposits for over 15,000 units and delivered 10,980 units, an increase of 44% and 11% respectively on a year-on-year basis.

Also in 2018, Vinhomes Riverside Eco-urban Complex was named the World’s Best Property at the 2018 International Property Award (IPA) – the most prestigious among IPA’s awards. This award is not only the first global award for Vinhomes, but also an endorsement for the quality of development and services at mixed-use properties in Vietnam generally.

Note:

(*) Comparable figures in 2017 was pro-forma based on a principle of using the similar structure of 2018’s reporting period.

(**) Revenues from BCC projects are not consolidated on Vinhomes’ income statements, but income from BCC projects are recognized as financial income.