Vingroup’s Assets Officially Surpass 1 Quadrillion Dong

Under the visionary leadership of Chairman Phạm Nhật Vượng, Vingroup is experiencing unprecedented growth, solidifying its position as a powerhouse in Vietnam’s business landscape.

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Vingroup (stock code: VIC) has released its Q3 2025 Consolidated Financial Report, adhering to Vietnamese Accounting Standards (VAS).

In the first nine months of 2025, the group’s consolidated net revenue reached VND 169,611 billion, a 34% increase year-on-year, reflecting positive shifts across core business segments. Consolidated after-tax profit for the same period hit VND 7,565 billion, 1.9 times higher than in 2024, fulfilling 76% of the annual profit target.

As of September 30, 2025, Vingroup’s total assets stood at VND 1,087,870 billion, a 30% rise compared to December 31, 2024.

In the Technology & Industry sector, VinFast achieved remarkable growth in the first nine months of 2025, delivering 110,362 electric vehicles globally, a 149% surge from 2024.

Domestically, VinFast recorded 103,884 vehicle sales, the highest ever for a Vietnamese automotive brand. Models like VF 3, VF 5, VF 6, and Hero Green led sales, showcasing strong consumer trust.

In electric motorbikes, VinFast maintained its leadership in Vietnam’s green transition, delivering 234,536 units in nine months, nearly six times the 2024 figure. In September 2025, VinFast launched three new e-bike models featuring dual-battery designs, enhancing range and flexibility.

VinFast’s impressive growth in the first nine months of 2025.

VinFast and V-Green expanded their green ecosystem with battery-swapping stations nationwide, partnering with retailers like FPT Shop and The Gioi Di Dong to enhance user experience.

In October 2025, Vingroup entered the metallurgy sector with the establishment of VinMetal, further diversifying its Technology & Industry portfolio.

Vingroup Launches New Brand, Initiates Major Projects

In the Commerce & Services segment, Vinhomes reported robust sales in Q3 2025, totaling VND 162,582 billion, a 96% increase year-on-year. Unrecognized sales by September reached VND 223,937 billion, up 93% from Q3 2024, setting a new record and bolstering future performance.

Vingroup introduced Vin New Horizon, a pioneering urban and senior care model, starting with Vinhomes Green Paradise Can Gio (HCMC), Vietnam’s first ESG++-certified retirement community.

Rendering of Vinhomes Green Paradise Can Gio (HCMC).

In Hospitality & Tourism, Vinpearl capitalized on the sector’s recovery, posting VND 12,700 billion in nine-month revenue. Hotel services generated VND 8,100 billion (up 27%), while VinWonders contributed VND 3,800 billion (up 29%).

In October 2025, Vinpearl Golf Léman, a 36-hole, 200-hectare golf course in Cu Chi, was unveiled as one of Asia’s premier strategic golf destinations.

In Education, Vinschool opened two new campuses for the 2025–2026 academic year at Vinhomes Grand Park and Ocean Park. VinUniversity won two ESG Business Awards 2025, becoming Asia’s only university honored for positively impacting 1.2 million residents.

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