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 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 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 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 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 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 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 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 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 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.