According to BSC’s recent report on Vincom Retail (VRE), by late October 2025, VRE completed the capital transfer of Vincom Center Nguyen Chi Thanh, valued at approximately VND 3.6 trillion. An estimated profit of VND 1.9 trillion will be recorded in Q4/2025.
In Q3/2025, VRE’s net revenue reached VND 2,251 billion, an 8% increase year-over-year. Post-tax profit attributable to the parent company’s shareholders hit VND 1,376 billion, up 52% compared to the same period last year.
The real estate segment contributed insignificantly to revenue. Profit growth was primarily driven by shopping mall operations and financial income.
Rental income from shopping centers reached VND 2,124 billion, a 7% increase year-over-year, accounting for 94% of net revenue. This growth was fueled by an improved average occupancy rate, rising from 84.8% in Q3/2024 to 87% in Q3/2025.
During the period, VRE launched two new Vincom Mega Malls: Vincom Mega Mall Ocean City and Vincom Mega Mall Royal Islands, increasing total retail floor area to 1,934,000 sqm (a 6.8% year-over-year increase).
Financial income reached VND 802 billion, a 109% year-over-year increase, driven by higher earnings from deposits and investment partnerships.
For the first nine months of 2025, VRE’s net revenue totaled VND 6,525 billion (down 4% year-over-year), achieving 69% of the 2025 revenue target. Post-tax profit attributable to the parent company’s shareholders reached VND 3,787 billion (up 26% year-over-year), meeting 81% of the annual profit goal.
BSC anticipates VRE’s profit growth prospects for 2026 will remain robust, supported by the resurgence of the real estate segment at Royal Islands and Golden Avenue, along with sustained financial income.
BSC plans to revise upward its 2025-2026 business results estimates for VRE, reflecting additional gains from deposits, investment partnerships, and the extraordinary profit from the Vincom Center Nguyen Chi Thanh transfer.
Billionaire Pham Nhat Vuong’s Company Invests Over $250 Million in Deposit for World’s Tallest Sea-Encroaching Tower Project
Vincom Retail has invested VND 6.2 trillion in a deposit for business purposes with CTCP Đô thị Du lịch Cần Giờ, a subsidiary of Vingroup and the developer of the Can Gio Seaside Urban Tourism Area project (Vinhomes Green Paradise).
How is Billionaire Pham Nhat Vuong’s Business Performing?
In the first nine months of this year, Vingroup achieved a consolidated after-tax profit of 7,565 billion VND—1.9 times higher than the same period in 2024—completing 76% of its annual profit target. Vinhomes recorded a consolidated after-tax profit of 15,313 billion VND. Vincom Retail reported revenue of 6,525 billion VND, reaching 68.5% of its full-year plan, with an after-tax profit of 3,787 billion VND, equivalent to 80.6% of its annual target.
VinFast Discontinues Free Electric Vehicle Parking Policy at Vincom Center Nguyen Chi Thanh
VinFast has announced the discontinuation of its free electric vehicle parking policy at Vincom Center Nguyen Chi Thanh (Hanoi), effective from 0:00 on October 29th.
Sonadezi Surpasses Annual Plan with Over $1 Billion Profit in 9 Months
Following a record-breaking second quarter, Sonadezi’s net profit continued its upward trajectory in Q3 2025, driven by steady growth in port services, clean water, and improved gross margin. The company has already surpassed its full-year profit target after just three quarters.
VRE Q3 Net Profit Surges Over 50% as Occupancy Rates Continue Positive Recovery Trend
According to Vincom Retail’s (HOSE: VRE) Q3/2025 consolidated financial report, the company recorded net revenue of VND 2,251 billion, an 8% increase year-on-year. Rental activities and related services contributed nearly VND 2,124 billion, marking a growth of over 7%.
