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At dawn on April 22, 2026, Vingroup JSC (ticker VIC) held its 2026 Annual General Meeting of shareholders. Chairman Pham Nhat Vuong said VinFast will remain a green, electric-car company, with Vingroup researching additional measures, technologies, and applications to extend driving range without reverting to gasoline engines.
On Xanh SM, Vuong said the service has helped VinFast become Vietnam’s leading brand and that it will progressively lead in other markets. He also said Vingroup is planning an IPO of Xanh SM to create value for the broader ecosystem.
When shareholders discussed Vietnam’s growth goals for this year, Vuong said the targets are achievable with determination, emphasizing that success requires a whole-system effort involving the government, the business community, and citizens. He added that the starting point is not high, leaving room for strong growth that will require sustained effort.
Responding to a question about whether Vingroup could undertake a project to plan the entire country by reorganizing territory, housing, and industrial zones over a 1,000-year horizon, Vuong said such large-scale planning is beyond the company’s scope and should be the government’s remit, while the company can contribute as much as possible.
Vingroup reported that its market-leading pillars delivered strong performance in 2025. Net revenue reached 331,838 billion VND, up 75.5% year over year. Net profit reached 11,065 billion VND, up 109.7% from 2024.
The group said it completed and exceeded about 11% of the annual plan set at the AGM on both revenue and profit. Vingroup also stated that this was the highest revenue and profit level since the group’s inception.
Despite the results, Vingroup plans to retain all profits for operating activities and not pay a dividend.
For 2026, Vingroup set targets of 485,000 billion VND in revenue, up 46% from 2025. Net profit is expected to reach 35,000 billion VND, about three times the year-ago period.
Vingroup said it will continue strengthening its three core pillars: Technology & Industry, Trade & Services, and Social Welfare. It also plans to expand into three new areas: Infrastructure, Green Energy, and Culture. To support expansion, the board plans to deploy funds using various financial instruments domestically and internationally.
This year, Vingroup said it will set higher growth targets for its ecosystem units.
In the industrial segment, VinFast aims to deliver 300,000 electric cars and target one million electric motorcycles. The company will continue long-term cost-reduction measures for new B- and C-segment models, with commercialization expected in 2026.
In housing real estate, Vinhomes said it will aim to maintain leadership through large-scale urban developments in prime locations with well-connected transport.
In travel and entertainment, Vinpearl will focus on MICE and wedding services, while developing new resort complexes, including a complex in Tuyen Quang slated for launch this year. Vingroup said the goal is for the destination to become an independent cultural-ecological site.
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