Vinhomes Released Financial Results For Quarter III/2021

Hanoi, October 29, 2021, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the third quarter of 2021 in accordance with Vietnamese Accounting Standards (VAS).

According to the unaudited consolidated financial statements for the third quarter of 2021, consolidated net revenue was VND 20,679 billion, representing a 22% decrease over the same period last year.

Consolidated profit before tax was VND 13,812 billion and consolidated profit after tax and minority interest was VND 11,167 billion, representing an 84% increase year-on-year mostly because more low-rise units with higher margin were delivered in 3Q2021. Earnings per share (EPS) in the third quarter of 2021 was VND 2,586.

As of September 30, 2021, Vinhomes had total consolidated assets of VND 219,639 billion and total consolidated equity of VND 119,542 billion, representing an increase of 4% and 34%, respectively compared to December 31, 2020.

In the third quarter of 2021, despite social distancing restrictions throughout Vietnam including Hanoi and Ho Chi Minh City, Vinhomes continued its digital transformation from offline to online for better adaptation to Covid. In early August 2021, Vinhomes introduced new promotion policy for successful transactions via Vinhomes Online. Vinhomes Online not only ensures “5K” measures for disease prevention but also offers best-in-class convenience, transaction speed and cost to users.

At the end of September 2021, Vinhomes broadcasted a series of talk shows called “The Pioneer” consisting of 5 sessions on Vinhomes’ premier position in the real estate market. The first session on “Multi-centered Hanoi and the great migrations” was a big success with nearly 1,000,000 participants on various social platforms.

In Ho Chi Minh City, “Investment during Pandemic” – an online panel discussion – was held at Vinhomes Grand Park, attracting 12,000 salespersons from 62 agencies.

In the third quarter of 2021, Vinhomes continued to introduce new launches. In July 2021, an American-style block in the Miami complex of the Vinhomes Smart City mega project called the GS1 block was launched. In the same month, the Company also launched P4 block in The Ocean View complex at Vinhomes Ocean Park along with online sales training event, attracting over 600,000 views and nearly 30,000 interactions via many online platforms. In Thanh Hoa, the launch of Sunflower zone at Vinhomes Star City was well-received, 274 villas have been sold out after one week.

In the fourth quarter of 2021, whilst social movements are expected to resume as the Government recently issued a regulation on “Adapting Safely, Flexibly, and Effectively with Covid-19”, Vinhomes will continue to invest in its online platforms to better adapt to the pandemic and to create a cornerstone for a future breakthrough.