Vietcap sets VND 117,000 target for Vingroup stock

Published on 10/14/2026 at 17:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Six-month revenue reached VND 222.30 trillion, up 72.50 percent year over year. The VND 196.80 trillion property backlog matters for Vingroup stock.

Growth and execution in view

Vietcap set a VND 117,000 price target for Vingroup on September 15, 2026.
Six-month revenue reached VND 222.30 trillion, up 72.50 percent year over year.
Alstom agreed to supply 83 metro cars for Hanoi on October 6, 2026.

Vingroup, VN000000VIC9, Illustration mit AI erstellt.

Vietcap set a VND 117,000 price target for Vingroup stock in a report dated September 15, 2026, while the company entered the final quarter with VND 222.30 trillion of six-month revenue. Nguoi Quan Sat reported that Vietcap expected 2026 profit before tax of VND 46.90 trillion, up 77.00 percent year over year, and a net profit target of VND 26.20 trillion.

Three dated execution signals

On October 6, 2026, Alstom agreed with Vingroup, through its subsidiary Vinhomes, to design, manufacture and supply up to 83 metro cars for projects in Hanoi. The agreement also includes a technology license for 117 additional cars to be assembled in Vietnam, according to Ideal Investisseur.

On October 7, 2026, SSI said management still expected Vingroup to meet its VND 35.00 trillion 2026 net profit plan. Reaching that target would require VND 14.10 trillion of profit in the second half of 2026, a 115.00 percent increase from the same period of 2025, Mekong ASEAN reported.

What does the backlog signal?

Vingroup's six-month revenue was up 72.50 percent from the same period of 2025, while consolidated net profit reached VND 20.38 trillion, equal to 58.00 percent of the full-year plan, according to Nguoi Quan Sat. The same report put unrecognized property sales at VND 196.80 trillion at the end of June 2026.

That backlog gives the property business a measurable delivery pipeline, but the earnings path still depends on project handovers, cash collection and the pace of improvement at VinFast. In the first half of 2026, VinFast delivered 128,662 electric cars and 429,175 electric motorcycles globally, according to Mekong ASEAN.

HOSE trading reflects pressure

Vingroup Joint Stock Company closed at VND 218,400 on HOSE on October 14, 2026, after opening at VND 222,000 and reaching an intraday low of VND 217,300. The stock's market performance adds a near-term counterweight to the operating figures, particularly as foreign selling pressure affected the wider Vingroup group during the session.