According to the second quarter financial report, Vingroup recorded 46,325 billion VND in revenue, a 9% increase compared to the beginning of the year. Among the main business segments, manufacturing brought in the largest revenue for the group in the previous quarter, reaching 17,242 billion VND. This figure surpasses the 15,000 billion VND earned from real estate – traditionally Vingroup's core business – by over 2,200 billion VND.

During the period, the company also recorded other income of over 18,561 billion VND. Thanks to this, the group's after-tax profit reached 2,266 billion VND, three times higher than the same period last year.

For the first half of the year, billionaire Pham Nhat Vuong's corporation brought in 130,366 billion VND in revenue, double last year's performance. After-tax profit reached 4,508 billion VND. According to Vingroup, the improved business results stem from the residential real estate, industrial, tourism, resorts, and entertainment sectors.

The company's real estate sales still accounted for the largest proportion of total revenue in the first six months, reaching nearly 70,500 billion VND, a 167% increase. This figure was recorded when Vinhomes – a subsidiary operating mainly in the field of residential and urban area development and management – recorded 67,500 billion VND in sales and approximately 138,200 billion VND in unrecognized revenue at the end of the second quarter.

Revenue from manufacturing reached nearly 33,000 billion VND in the first half of the year, up 134% compared to the same period last year, mainly from VinFast. In the second quarter alone, the electric vehicle company delivered 72,167 electric cars, 3.2 times higher than the same period last year. The company also put its second factory in Vung Ang Economic Zone (Ha Tinh) into operation in the first half of the year, with a capacity of 200,000 vehicles per year.

In the tourism and resort segment, Vinpearl recorded 5,919 billion VND in revenue. The number of visitors to the chain's resorts increased by 16% compared to the same period in 2024, demonstrating the brand's appeal.

Short-term receivables accounted for the largest proportion of the company's capital structure (26%), reaching 253,684 billion VND, a 34% increase. Vingroup's cash and bank deposits reached over 81,100 billion VND (approximately 3.1 billion USD), the highest ever and a 70% increase after six months. Payables also increased by about 18%, equivalent to 805,820 billion VND. As of 30/6, the company's total outstanding financial debt was 278,931 billion VND (nearly 11 billion USD), an increase of 54,700 billion VND after half a year.

Also according to the second quarter financial report, Vingroup recorded total assets of over 964,438 billion VND, making it the non-financial company with the largest assets on the stock market. They are also the private enterprise with the largest total assets in Vietnam today. Within state-owned enterprises, Vietnam National Oil and Gas Group (PVN) is the only unit with total assets of 1 quadrillion VND.

Trong Hieu