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Vinhomes Joint Stock Company (VHM) has released its consolidated financial statements for Q1 2026 under Vietnamese Accounting Standards (VAS), reporting a strong performance and reinforcing its 2026 business plan. In Q1 2026, Vinhomes recorded consolidated net revenue of VND 65,114 billion, up 315% year-on-year. Consolidated net revenue, including revenue from business cooperation contracts and large-lot sales recognized as financial revenue, reached VND 71,541 billion, up 271% year-on-year from 2025.
Net profit after tax in the quarter rose to VND 25,625 billion, up 866% year-on-year. Deliveries at Vinhomes Ocean City and Vinhomes Royal Island remained the key catalysts for results during the period.
In Q1 2026, sales and unsold backlog at quarter-end were reported at VND 81,700 billion and VND 201,600 billion, up 133% and 68% year-on-year, respectively. The company attributed the growth mainly to positive contributions from large-scale urban projects, particularly Vinhomes Green Paradise, Vinhomes Ocean City and Vinhomes Hai Van Bay.
The company said this performance provides a foundation to support revenue and profit growth in subsequent quarters.
As of March 31, 2026, Vinhomes reported total assets of VND 869,975 billion and equity of VND 272,842 billion, indicating a strong financial position.
At the 2026 annual general meeting, Vinhomes approved its 2026 business plan with expected revenue of VND 285,000 billion and after-tax profit of around VND 60,000 billion.
On project development, by end-March 2026, Vinhomes officially launched the Hai Van Bay project, offering low-rise products in a prime location in the northwest of Da Nang, with favorable feng shui and sea views. The company also noted that the Hai Van Bay project and Vinhomes Global Gate Ha Long—targeting a population of up to 380,000—were initiated by late 2025 and are aligned with the TOD model and ESG city standards based on three pillars: Green – Smart – Sustainable.
With prime locations and enhanced amenities, Vinhomes said these projects are expected to deliver notable results in 2026.
Vinhomes highlighted its strategy to enhance destination value through township activities during the Lunar New Year and early-year festive season. At Vinhomes Green Paradise, the Spring festival recorded 10,000 visitors on opening day and more than 50,000 visitors overall. The New Year festival at Vinhomes Royal Island attracted both domestic and international visitors. At Ocean City – Hung Yen, the Upbeat Ocean Countdown and fireworks display drew hundreds of thousands of residents and visitors, helping shape a new cultural and entertainment hub on the eastern side of Hanoi.
In parallel, Vinhomes continues investing in residents’ living quality through integrated infrastructure and services connected to the Vingroup ecosystem, while digitalization across the V-App ecosystem supports urban management and operations.
For brand recognition, Vinhomes was named in Vietnam’s Top 10 Real Estate Investors for 2026 by Vietnam Report for the fourth consecutive year. Internationally, the company is listed among TIME’s 500 leading companies in Asia, based on financial performance, ESG sustainability transparency, and employee satisfaction.
With a promising start to Q1, Vinhomes said it is accelerating the implementation of its 2026 business plan approved by shareholders. The company stated that its financial platform and capability to deploy large-scale projects will strengthen its domestic leadership and gradually expand its international footprint.
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