Vinhomes Released Financial Results For Quarter II/2021

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

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

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

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

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

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

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

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

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