Financial Statements & Presentations

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. 

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.