According to its Q4 2025 consolidated financial report, Vinhomes achieved a net revenue of approximately 103 trillion dong, more than three times the figure from the same period last year. This marks the first time the developer has recorded revenue exceeding the 100 trillion dong milestone in a single quarter. Previously, their highest quarterly revenue was 33.323 trillion dong in Q3 2024.
Thanks to strong growth in the last three months of the year, Vinhomes' consolidated net revenue for the entire year 2025 reached over 154.1 trillion dong, a 50% increase compared to 2024. Total consolidated net revenue, which includes income from Vinhomes' core operations and business cooperation contracts, exceeded 183.9 trillion dong, up 30%.
Pham Nhat Vuong's company reported an after-tax consolidated profit of 42.111 trillion dong. This figure represents a 20% increase over 2024 and is also the highest ever recorded for the company.
Vinhomes attributed these impressive results primarily to the timely and ahead-of-schedule handover of large-scale projects. Last year, the Vingroup subsidiary launched five new projects in Hanoi, Ho Chi Minh City, Hai Phong, and Tay Ninh. Consequently, the developer's total sales reached over 205.25 trillion dong, doubling the figure from 2024. Of this, approximately 186.4 trillion dong represents unrecognized sales.
As of 31/12, Vinhomes' total assets exceeded 786.3 trillion dong, a 39% increase compared to the end of 2024. Owner's equity stood at approximately 247.9 trillion dong, up 12% from the end of 2024. Cash and cash equivalents increased by over 73%, reaching nearly 50 trillion dong. These figures demonstrate that Vinhomes' scale, revenue, and profit continue to significantly surpass other companies in the same industry in Vietnam.
At the end of 2025, in its corporate information brief, the market's largest real estate developer stated it possessed sufficient land bank for sustainable development for the next 30 years. This land bank totals nearly 20,000 hectares, excluding the Olympic project.
This land bank is distributed with over half in the northern region, 15% in the central region, and 33% in the southern region. Specifically, Vinhomes' residential land area is ten times larger than the market's second-ranked developer and 5.7 times larger than the combined land bank of the next three developers.
Anh Tu