Vietnamese conglomerate Vingroup posted consolidated net revenue of 222.3 trillion dong ($8.5 billion) in the first half of 2026, up 72.5% year-on-year, as its industrial manufacturing and real estate businesses continued to drive growth.
The group reported consolidated profit after tax of 20.4 trillion dong ($777 million), 4.5 times that of the same period last year, fulfilling 58% of its 2026 target, according to its second-quarter earnings release.
Electric vehicle maker VinFast remained a key contributor to the group’s performance. The company delivered more than 115,916 four-wheeler vehicles in Vietnam during the first half, up 72% year on year, while global deliveries reached 128,662 vehicles, representing a 78% increase.
Its electric two-wheeler business also expanded, with nearly 429,175 units delivered in the first six months, 3.7 times that of the same period last year.
During the second quarter, VinFast completed the transfer of its manufacturing operations in Vietnam to partners as it shifts towards a more capital-efficient and asset-light business model in its home market.
Property developer Vinhomes recorded adjusted revenue of 134.2 trillion dong ($5.1 billion) in the first half, three-fold the level a year earlier, supported by property handovers and bulk sales transactions at Vinhomes Green Paradise, Vinhomes Global Gate Ha Long and Vinhomes Saigon Park.
During the quarter, the company launched Vinhomes Global Gate Ha Long, a more than 6,200-hectare urban development in Quang Ninh, and commenced construction of Vinhomes Saigon Park, a 1,080-hectare township in Ho Chi Minh City.
Vingroup’s hospitality business also benefited from a recovery in tourism. International arrivals to Vietnam reached 12.3 million visitors in the first six months of 2026, up 14.9% year on year, while occupancy rates across Vinpearl-owned and managed hotels and resorts rose to 64%, an increase of 10.7 percentage points from the same period last year.
Outside its core businesses, the Vinhomes-VinSpeed consortium was appointed EPC contractor for five metro lines in Hanoi spanning approximately 306 kilometres, with a targeted completion date of 2030. Meanwhile, energy unit VinEnergo entered a partnership with SunAsia Energy to develop solar projects in the Philippines with a combined capacity of up to 420 MWp, which are expected to commence operations during 2027-2028.
Vingroup said it will continue investing in its core businesses and large-scale projects in the second half as Vietnam enters what it described as a new phase of growth driven by innovation and private sector development.
