BVSC sets VND 33,300 target for Vincom Retail stock

Published on 10/09/2026 at 11:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue was VND 2,373.9 billion, up 10.80 percent year over year. Vincom Retail stock had VND 55.3 trillion market cap on September 30, 2026.

Key points in brief

BVSC set a VND 33,300 target and an Outperform recommendation for Vincom Retail stock.
Second-quarter 2026 revenue reached VND 2,373.9 billion, up 10.80 percent year over year.
Second-quarter 2026 net profit rose 30.40 percent to VND 1,608.5 billion.
Vincom Retail had 91 operating malls in the valuation cited by BVSC.

Vincom Retail, VN000000VRE6, Illustration mit AI erstellt.

Vincom Retail (ISIN VN000000VRE6) received a VND 33,300 price target and an Outperform recommendation from BVSC, as Baomoi reported on October 9, 2026. The target was compared with Vincom Retail's market price on October 7, 2026, while the valuation covered 91 operating shopping malls and excluded cash flows from future developments.

Three dated signals shape the story

On August 6, 2026, the latest second-quarter figures listed by 24HMoney showed revenue of VND 2,373.9 billion, up 10.80 percent from the second quarter of 2025, and net profit of VND 1,608.5 billion, up 30.40 percent.

On October 7, 2026, the BVSC valuation cited by Baomoi placed the target at VND 33,300 per share and said future project cash flows were excluded. On October 9, 2026, VnExpress reported that VND 2,300 billion of Vingroup contributions to four companies would be transferred to Vincom Retail.

What supports the valuation?

The operating figures provide the clearest numerical support. Second-quarter gross profit reached VND 1,398.3 billion, up 18.30 percent year over year, while the net margin was 67.80 percent, according to 24HMoney. The same report shows operating profit of VND 1,892.7 billion, up 32.50 percent from the second quarter of 2025.

That improvement sits alongside a property platform with 88 malls and 1.84 million square meters of retail gross floor area in fiscal year 2024, according to Vincom Retail's annual report. The report identifies the company as listed on HOSE under ticker VRE and describes rental, service and advertising fees as core revenue sources, as stated in the Vincom Retail annual report.

Market value and operating scale

Vincom Retail had a market capitalization of VND 55.3 trillion as of September 30, 2026. The State Securities Commission of Vietnam listed Vincom Retail at VND 55,331 billion in its September market information, while the company's second-quarter profit growth provides a quantified counterpoint to the valuation discussion.