Vietnamese conglomerate Vingroup’s consolidated net revenue doubled to 130,366 billion dong (approximately $5.2 billion) in H1 2025 over H1 2024, fuelled by the strong performance of residential properties, industrials, and hospitality and entertainment. Its profit after tax reached 4,509 billion dong (about $181 million) during the same period, according to an announcement on Thursday.
The group’s total assets as of June 30, 2025, climbed 15% to 964,439 billion dong (roughly $38.8 billion) from December 31, 2024.
The real estate sector emerged as the primary driver of revenue growth, reporting a total adjusted revenue from handing over real estate units worth 70.5 trillion dong (approximately $2.83 billion) in the first half of 2025, almost triple the figure in the first half of 2024.
Vinhomes continued to lead the market recovery, with presales of 67.5 trillion dong ($2.71 billion) and unrecognised sales reaching 138.2 trillion dong ($5.55 billion) as of the end of Q2 2025.
In the industrials-technology pillar, VinFast delivered a strong performance in H1 by delivering 72,167 EVs globally—a 3.2-fold increase compared with the same period last year. In the domestic market, VinFast reinforced its leading position with 67,569 cars delivered in the first six months.
In the hospitality and entertainment sector, Vinpearl delivered strong results, supported by the robust recovery of the tourism industry. Its total operating revenue reached 7.9 trillion dong (approximately $317 million) with net revenue from hotel operations—including both Vinpearl-owned and managed properties—amounting to approximately 5.1 trillion dong (about $205 million), up 26% year over year. VinWonders also posted impressive growth, with system-wide revenue (including managed locations) of 2.4 trillion dong, representing a 32% YOY increase.
Looking ahead to the end of 2025, as Vietnam’s macroeconomic policies continue to lay the groundwork for a new phase of robust growth, Vingroup views this as a strategic window for acceleration. Vingroup is accelerating its expansion across high-impact sectors, reaffirming its leadership in shaping Vietnam’s future economy and delivering enduring value to communities nationwide.
Earlier this month, Bloomberg reported that Vingroup’s subsidiaries VinFast Auto Ltd and Vincom Retail JSC have received private credit loans from Deutsche Bank AG and SeaTown Holdings International, among others, for their expansion plans. While VinFast raised a $510-million debt facility, Vincom Retail secured commitments for a $240-million private credit loan, the report stated.
