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.

PRESS RELEASE

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

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

Resilient Business Performance and Financial Strength Amidst Mutiple Challenges

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

Innovative property offerings impressed the market

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

Significant Operational Milestones

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

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

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

Distinguished Awards 

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

PRESS RELEASE

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

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

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

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

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

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

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

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

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

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

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

PRESS RELEASE

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

VINHOMES RELEASED FINANCIAL STATEMENTS FOR THE FIRST HALF OF 2022

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

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

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

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

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

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

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

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

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

VINHOMES RELEASED FINANCIAL STATEMENTS FOR THE FIRST HALF OF 2022

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

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

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

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

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

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

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

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

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

Hanoi, 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, 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.