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Vingroup (ticker VIC) reported consolidated financial results for Q1 2026. Net revenue for the quarter reached VND 104.352 trillion, up 24% year-on-year, driven by growth in industrial manufacturing and real estate activities. Net profit after tax rose to VND 5.611 trillion, up 150% year-on-year. As of March 31, 2026, total assets stood at VND 1.179 trillion.
Under the Technology – Industry pillar, VinFast strengthened its position as Vietnam’s leading electric-vehicle maker. Total EV deliveries in Q1 2026 surpassed 53,684 vehicles. Six of the top ten best-selling models in the domestic market belonged to VinFast, including Limo Green, VF 3, VF 5, VF 6, Minio Green, and VF MPV 7.
VinFast also delivered a record more than 3,500 electric cars to customers on March 28, 2026.
Electric motorcycle products continued to grow, with nearly 143,136 units delivered in Q1 2026, up 3.9 times versus the same period last year. In March 2026 alone, VinFast delivered more than 93,000 electric motorcycles and received 135,000 orders.
VinFast’s global vehicle sales in Q1 2026 reached 58,577 units, up 61% year-on-year. The company reported 448 showrooms worldwide, concentrated mainly in key Asian markets. This supported international business results in India, Indonesia, and the Philippines, where VinFast ranked among the best-selling all-electric vehicle brands.
In the Trading & Services segment, Vinhomes reported revenue of VND 71.5 trillion and net profit of VND 25.6 trillion, up 271% and 866% year-on-year, respectively. The increase was attributed to robust handovers and major villa lot sales at Vinhomes Ocean Park 2, Vinhomes Ocean Park 3, and Vinhomes Green Paradise Can Tho.
During Q1 2026, Vinhomes launched the Vinhomes Hai Van Bay project in Da Nang. The project spans more than 512 hectares and is positioned at the intersection of mountains, forests, sea, and passes. Vinhomes also outlined additional 2026 launches, including Vinhomes Global Gate Ha Long (Quang Ninh) and an International University City project in Ho Chi Minh City.
In the Tourism and Hospitality segment, Vinpearl reported solid growth as international visitors to Vietnam reached 6.8 million in Q1, up 12.4% year-on-year, the highest on record. The company cited open visa policies, longer stays, and eased e-visa procedures, alongside expanded infrastructure and connectivity through airlines, airports, and highways.
Vinpearl’s super-integrated tourism and hospitality ecosystem strategy, destination development, and focus on the MICE segment supported performance indicators, including a 65% hotel and resort occupancy rate, up more than 12 percentage points year-on-year.
Revenue from VinWonders increased on higher visitor volumes and the adoption of a new pricing strategy at key destinations such as Nha Trang and Phu Quoc.
In the Infrastructure segment, the groundbreaking for the Hanoi–Quang Ninh high-speed railway project, led by VinSpeed, was held in early April. The project is expected to use the latest high-speed rail technology and world-class signaling and equipment supplied by Siemens Mobility (Germany), with technology progressively transferred to VinSpeed during operation.
As Vietnam’s first cross-region high-speed rail line, Hanoi–Quang Ninh is expected to support the Northern Key Economic Region and national competitiveness.
In the Green Energy segment, VinEnergo announced plans for global expansion focused on Asia and Europe, with renewable energy project portfolios totaling 10 GW already under agreement. In Vietnam, VinEnergo received investment certificates for four renewable energy projects in Q1 2026.
In Corporate Social Responsibility, VinUniversity earned the FIBAA quality seal from the FIBAA Accreditation and Certification Board in March 2026, becoming the youngest Vietnamese university to achieve the standard following its first graduation.
In Healthcare, Vinmec opened its tenth hospital, Vinmec Ocean Park 2. The hospital covers more than 31,000 square meters, has 114 inpatient beds, and projects annual patient flow of 135,000.
At the 2026 Annual General Meeting of Shareholders, Vingroup approved its 2026 business plan with targets of net revenue of VND 485,000 billion and net profit after tax of VND 35,000 billion.
Looking ahead, supported by government policies promoting sustainable growth, Vingroup said it will continue to push its core business activities to achieve its 2026 targets.
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