•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
Vinhomes Joint Stock Company (ticker: VHM) has filed to update documentation for its 2026 annual general meeting, including revised business targets and proposed capital and business-line expansions.
Under the updated plan approved for the 2026 AGM, Vinhomes sets a revenue target of 285,000 billion dong and a net profit after tax target of 60,000 billion dong.
The company increased the targets by 35,000 billion dong in revenue and 10,000 billion dong in net profit compared with the previously disclosed plan. The updated net profit after tax target of 60,000 billion dong is described as unprecedented among companies listed on the exchange.
Compared with 2025 actual results, the new plan implies approximately 86% higher revenue and 38% higher net profit after tax.
In 2025, Vinhomes reported consolidated net revenue of 153,271 billion dong, with real estate transfer activities contributing 108,597 billion dong. Net profit after tax in 2025 reached 43,335 billion dong, up 23.6% year-on-year and aligned with the dividend plan approved at the 2025 AGM.
For profit distribution, Vinhomes proposed a cash dividend of 60% of paid-in capital, equivalent to 6,000 dong per share, with total expected payout of nearly 25,000 billion dong.
In addition, the company plans to pay a stock dividend at 100%, issuing about 4.1 billion new shares. This would increase charter capital to more than 80,000 billion dong, with implementation planned for 2026.
The board also proposed expanding Vinhomes’ business lines to include energy and logistics. Specifically, the plan covers electricity production, transmission and distribution, as well as freight and passenger transport by rail.
Separately, Vinpearl—another company within the Vingroup ecosystem—also adjusted its 2026 plan by raising its profit target from 1,500 billion dong to 3,000 billion dong. The company described the revised target as about double the initial plan and 2.7 times the 2025 actual results, citing Q1 2026 performance and positive signals from financial management.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
