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Vincom Retail (VRE) held its 2026 Annual General Meeting (AGM) in Hanoi this morning. In its 2025 annual report, the company said it had about 29,678 shareholders as of the end of 2025.
At 8:58 am, the AGM was attended by shareholders representing 74.81% of voting shares and eligible to proceed.
For 2026, Vincom Retail targets consolidated net revenue of 10,132 billion VND and net profit after tax of 5,375 billion VND, up 16% and 15% from 2025 after excluding non-recurring items.
The leasing and related services segment is expected to remain the main revenue driver, with revenue of 9,719 billion VND, up 14%. Revenue from real estate transfers is expected to reach about 413 billion VND, up 143% from 2025.
Vincom Retail said its growth targets are built on excluding non-recurring factors in 2025, including the performance of Vincom Nguyễn Chí Thanh Mall, gains from the sale of Vincom NCT land, and other non-repeatable incomes in 2025 to enable a comparable basis.
The company said the 2026 plan is based on the expectation that core operations will continue to be positive. It expects the leasing segment to be supported by improving operations at existing malls, a better merchandise mix and tenants, higher occupancy, and optimizing rental rates by location. Vincom Retail also expects mall footfall and purchasing power to continue improving.
In 2026, Vincom Plaza Dan Phuong in Hanoi is planned to be launched, with a gross floor area of about 25,000 square meters.
At the AGM, Vincom Retail approved using 2025 accumulated profits to pay cash dividends at a rate of 10% (equivalent to 1,000 VND per share). The total payout is nearly 2,300 billion VND, with payment scheduled for Q3 2026.
Regarding the dividend, Tran Hong Duong, Vincom Retail’s Investment Director, said that after reassessing project development timelines, some projects may be delayed, resulting in excess cash to be distributed to shareholders. He added that in future years the company will seek to balance reinvestment and dividend payments.
Vincom Retail said it aims to become the leading developer and manager of retail real estate in Asia, driving consumer trends and experiences in the retail market through a diversified asset portfolio. The company also plans to seek expansion opportunities in international markets and expand its global partner ecosystem.
By 2028, Vincom Retail expects a “breakthrough year” when major projects linked to transportation infrastructure take shape, including the Ben Thanh – Can Gio high-speed rail line.
The company also noted that it currently owns 1.9 million square meters of gross floor area and could add 1.6 million more to reach 3.5 million by 2030.
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