For Immediate Release Vinhomes Announced Business And Financial Results For The First Quarter Of 2019

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