Vincom Retail Joint Stock Company has released its consolidated financial report for Q3/2025.
In the third quarter, Vincom Retail recorded a consolidated net revenue of VND 2,251 billion, an 8.3% increase compared to the same period last year. This growth is attributed to the leasing activities and related services, which saw a 7.1% rise in revenue to VND 2,124 billion.
This positive outcome is driven by the sustained recovery in occupancy rates across the entire shopping center network and the consistent contributions from newly opened shopping centers in the latter half of 2024 and 2025.
Net profit after tax reached VND 1,376 billion, a significant 51.9% growth. By the end of the first nine months, Vincom Retail achieved a revenue of VND 6,525 billion, meeting 68.5% of the annual plan, with a net profit after tax of VND 3,787 billion, equivalent to 80.6% of the annual target.
Foot traffic to shopping centers has continued its strong upward trend since the beginning of the year, indicating a notable improvement in consumer sentiment compared to the previous year. Visitor numbers to Vincom shopping centers in Q3 increased by 18% year-on-year.
Recently, Vincom Retail announced the transfer of its entire capital contribution in Vincom NCT Real Estate LLC, the owner of Vincom Center Nguyen Chi Thanh, to Bao Quan Investment and Service Trading LLC.
Upon completion of the transaction, Vincom NCT will no longer be a subsidiary of Vincom Retail. The transferee is an independent legal entity with no ownership ties to Vingroup or its member companies.
According to Vincom Retail, this transaction is part of an investment strategy aimed at optimizing operational efficiency and focusing resources on key shopping centers with large scales and high growth potential in the future.
Company Aims to Launch $420 Million Digital Currency Platform in Da Nang, Reporting $4.2 Million Profit, a 93% Drop in Q3 Earnings
Revenue surged, yet HVA Investment Joint Stock Company (HVA Group) reported a mere VND 100 million in profit for Q3, a staggering 90% decline year-over-year.
DBV Insurance Reports Continued Losses in Q3
Despite both insurance and financial sectors reporting profit growth, DBV Insurance Corporation (UPCoM: AIC) remained in the red for Q3 2025, burdened by soaring management expenses.
Vincom Retail Sells Nguyen Chi Thanh Shopping Center for Over VND 3.6 Trillion
Vincom Retail has successfully transferred its entire capital stake in Vincom NCT, the owner of Vincom Center Nguyễn Chà Thanh, in a transaction valued at over 3,600 billion VND.
What’s Behind Vincom Retail’s Decision to Transfer Ownership of Vincom Nguyen Chi Thanh?
Vincom Retail (VRE) has successfully completed the transfer of Vincom Center Nguyen Chi Thanh, valued at over VND 3.6 trillion. This significant transaction not only stands out as a notable deal but also offers a glimpse into the company’s strategic shift in its shopping mall network development.
“Aloe Vera King” Sets Profit Record, Achieves 88% of Annual Plan
In the first nine months of 2025, the company’s net revenue surged to VND 526 billion, marking a 22% increase. Consolidated after-tax profit reached an all-time high of VND 79.5 billion, up 45% year-on-year, and surpassed 88% of the annual target.
