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On April 28, 2026, Vingroup Joint Stock Company (VIC) released its consolidated financial statements for Q1 2026 under the Vietnamese Accounting Standards (VAS).
Vingroup reported consolidated net revenue of 104.352 trillion dong in Q1 2026, up 24% year-on-year, supported by growth in industrial manufacturing and real estate.
Consolidated net profit after tax reached 5.611 trillion dong for the quarter, up 150% year-on-year. As of March 31, 2026, total consolidated assets stood at 1,179 trillion dong.
Under the “Technology – Industry” pillar, VinFast delivered more than 53,684 vehicles in Q1 2026, positioning the company as the leading electric vehicle maker in Vietnam. Six of the ten best-selling models in the domestic market were VinFast models, including Limo Green, VF 3, VF 5, VF 6, Minio Green and VF MPV 7.
VinFast also delivered more than 3,500 electric cars to customers on March 28, 2026.
Electric motorcycle deliveries rose as well, with Q1 2026 volumes of nearly 143,136 units, up 3.9 times year-on-year. In March 2026, VinFast delivered more than 93,000 electric motorcycles and recorded 135,000 orders.
In Q1 2026, the group’s global vehicle sales totaled 58,577 units, up 61% year-on-year. VinFast operated 448 showrooms globally, mainly concentrated in key Asian markets. The company cited strong international performance in India, Indonesia and the Philippines, where it ranked among the top fully electric vehicle brands.
In the Trade and Services segment, VinHomes recorded revenue of 71.5 trillion dong and after-tax profit of 25.6 trillion dong in Q1 2026, up 271% and 866% year-on-year, respectively. The company attributed the results to positive delivery activity and notable land plot sales at VinHomes Ocean Park 2 and VinHomes Green Paradise Can Gio.
In Q1 2026, VinHomes launched VinHomes Hai Van Bay in Da Nang. The project spans more than 512 hectares and features a terrain at the interface of mountains, forests, sea and passes. VinHomes said the development has the potential to become a new coastal urban icon of Vietnam.
For 2026, VinHomes plans to launch VinHomes Global Gate Ha Long (Quang Ninh) and the International University City Urban Area in Ho Chi Minh City.
In Tourism and Hospitality, Vinpearl reported strong growth as international visitors to Vietnam reached 6.8 million in Q1 2026, up 12.4% year-on-year—the highest on record. The company linked improved accessibility to open visa policies, including expanded visa exemptions, longer stays and simplified e-visa procedures, alongside continued infrastructure and connectivity expansion (air travel, airports and highways).
Vinpearl’s hotel and resort occupancy reached 65% in Q1, up more than 12 percentage points year-on-year. Revenue from VinWonders increased on higher visitor numbers and new pricing strategies at key destinations including Nha Trang and Phu Quoc.
In Infrastructure, VinSpeed held the groundbreaking for the Hanoi – Quang Ninh high-speed rail project in early April. The project is expected to use next-generation high-speed trains and world-class signaling and equipment, with technology transfer to VinSpeed during operation.
Vingroup said the Hanoi – Quang Ninh route, Vietnam’s first cross-provincial high-speed rail line, is expected to serve as a growth engine for the Northern Key Economic Region and support broader national competitiveness.
In Green Energy, VinEnergo announced plans to expand globally, focusing on Asia and Europe, with renewable energy projects totaling 10 GW. In Q1 2026, the company also secured investment certificates for four renewable projects in Vietnam.
In Philanthropy and Social Development, VinUniversity received the FIBAA quality seal from the FIBAA Accreditation and Certification Committee in March 2026, becoming the youngest Vietnamese university to achieve the standard.
In Health, Vinmec opened its 10th hospital, Vinmec Ocean Park 2, with over 31,000 m2 of facilities, 114 inpatient beds and a projected 135,000 annual visits. The company said it is the first hospital to implement an integrated on-site treatment-recovery-wellness model.
At Vingroup’s 2026 Annual General Meeting of Shareholders, the company approved its 2026 business plan with targets of 485.0 trillion dong in net revenue and 35.0 trillion dong in after-tax profit.
Looking ahead, Vingroup said it will continue advancing its core businesses to achieve the 2026 targets, supported by government policies aimed at promoting sustainable growth.
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