VIMID (VVS) is a leading distributor of medium to heavy-duty trucks, genuine spare parts, and a network of service stations, serving as the official authorized dealer of Sinotruk in Vietnam. As of now, the company operates an extensive network of 23 service stations and authorized dealerships nationwide.
According to the recently released financial report, VIMID’s cumulative net revenue for Q3/2025 reached VND 5,444 billion, marking a remarkable 103% increase compared to the same period in 2024 (VND 2,680 billion). Pre-tax profit for the first nine months of 2025 soared to nearly VND 213 billion, reflecting a staggering 174% growth year-over-year. These figures demonstrate that the company has surpassed its 2025 targets by 30% in revenue and 137% in pre-tax profit, underscoring its robust and sustainable growth trajectory.
The company attributes this success to the booming transportation and construction sectors, fueled by increased public investment. Notably, on August 19, 2025, government leaders inaugurated and launched 250 projects across 34 provinces and cities, including 8 nationally significant initiatives. This surge in infrastructure projects has driven a sharp rise in demand for trucks, tractor-trailers, and specialized vehicles—core products distributed by VIMID.
VIMID’s Q3 performance highlights the synergy between public investment policies, growing freight demand, and the company’s strategic expansion of its business ecosystem. Earlier, in the first half of 2025, the company reported a 306% year-over-year increase in after-tax profit.
Notably, VVS shares reached a historic high of VND 54,000 per share on October 20, 2025, a 13% increase from October 17, 2025. This positive development is particularly significant amid a record decline in Vietnam’s stock market, where the VN-Index plummeted by 95 points (5.47%).
Moving into Q4/2025, VIMID remains committed to sustainable growth, focusing on developing eco-friendly trucks, accelerating digital transformation, optimizing operations, and enhancing customer experiences. The company is determined to exceed its 2025 targets and lay a solid foundation for the 2026-2030 period, envisioned as a phase of robust growth, innovation, and sustainability.
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