VVS Approved for Listing on HoSE: Trucking Enterprise Unveils New Growth Prospects for Investors

VVS – A Promising Stock Officially Lists on HoSE After Stable Growth on UPCoM

The Ho Chi Minh City Stock Exchange (HoSE) has officially approved the listing of 21,525,000 VVS shares of Vietnam Machinery Development Investment Corporation (VIMID), with a par value of VND 10,000 per share.

Prior to its HoSE debut, VVS shares were listed on the UPCoM system from October 7, 2022. During this period, the company maintained stable business operations and sustained growth. Notably, on August 28, 2025, after three years as a public company, VIMID distributed its first cash dividend at a rate of 10%. This marks a positive signal of its financial strength and commitment to shareholder value.

The official listing on HoSE is a strategic move in VIMID’s development journey. This transition enhances the company’s credibility, broadens access to abundant capital from domestic and international investors, and facilitates further expansion. It also improves production efficiency and strengthens investment in manufacturing projects, optimizing the supply chain and increasing localization in the truck sector.

VIMID Surpasses Targets, Poised for Breakthrough Ahead of HoSE Listing

In the lead-up to its listing, VIMID’s business performance has been impressive. In Q3/2025 alone, the company reported net revenue from sales and services of VND 2,230 billion, a 2.7-fold increase compared to Q3/2024.

As of September 30, 2025, VIMID’s cumulative 9-month net revenue reached VND 5,444 billion, a year-on-year increase of VND 2,763.7 billion (103.1%). Pre-tax profit for the same period totaled nearly VND 213 billion, up 173.7% year-on-year.

For 2025, VIMID set a revenue target of VND 4,200 billion and a pre-tax profit goal of VND 90 billion. By the end of Q3/2025, the company had exceeded its revenue target by 30% and achieved 137% of its pre-tax profit goal.

This strong performance ahead of VVS’s HoSE listing underscores VIMID’s robust financial foundation and business momentum. Surpassing key targets not only reinforces existing shareholder confidence but also positions the company favorably for expanded growth and new investment opportunities.

Maintaining operational efficiency amidst market volatility highlights VIMID’s thorough preparation for its HoSE listing. It also reflects the company’s sustainable development strategy, focusing on transparency and scalability in the coming years.

With a long-term vision, VIMID continues to allocate resources toward sustainable growth, prioritizing the development of green truck products, comprehensive digital transformation, strategic investment projects, operational optimization, and enhanced customer experiences.

Notably, on April 19, 2025, during the Annual General Meeting of Shareholders, Resolution No. 01/2025/NQ-ĐHĐCĐTN-VIMID was approved, including plans for a Truck Assembly and Manufacturing Project. Additionally, on September 30, 2025, VIMID’s Board of Directors established VMASS Auto LLC, a wholly-owned subsidiary specializing in automobile and motor vehicle manufacturing, along with related industries. These initiatives are pivotal in mastering the supply chain, increasing localization, and strengthening VIMID’s production capabilities and competitive edge in the truck industry.

Amid rising demand for freight transportation, the logistics sector’s green transition, increased public investment, and Vietnam’s automotive industry development strategy, VIMID is well-positioned for a breakthrough. Its HoSE listing will serve as a critical catalyst, accelerating growth and solidifying its market leadership domestically and regionally.