Vincom Retail signs QooQoo pact: what it means for Vincom Retail stock

Published on 10/22/2026 at 10:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The October 20 memorandum targets Hanoi and Ho Chi Minh City through 2027. Vincom Retail stock gets a new food-retail strategy.

QooQoo expands Vincom strategy

Vincom Retail signed a QooQoo memorandum covering 2 Vietnamese cities on October 20, 2026.
MBS forecasts VND 9,767 billion in 2026 revenue, up 11.00 percent year over year.
Vincom Retail reported VND 8,939 billion in 2024 revenue and VND 4,096 billion in profit after tax.

Vincom Retail, VN000000VRE6, Illustration mit AI erstellt.

Vincom Retail (VN000000VRE6) signed a strategic memorandum with South Korean restaurant group QooQoo Franchise Group on October 20, 2026, targeting Hanoi and Ho Chi Minh City through 2027. Baodautu reported that the companies will study new restaurant formats across Vincom malls and commercial streets.

QooQoo adds a retail food angle

The agreement gives Vincom Retail a route to add international food concepts to its shopping destinations while QooQoo develops its presence in Vietnam. The partnership also includes commercial promotion between Vietnam and South Korea, linking tenant expansion with cross-border brand exposure.

What does the pact mean for growth?

The answer depends on whether new food tenants improve traffic and leasing performance. MBS forecasts net revenue of VND 9,767 billion for 2026, an increase of 11.00 percent from 2025, while its forecast net profit of VND 6,030 billion is 6.00 percent below the previous year. Cafebiz reported the MBS figures on October 19, 2026 and said tenant sales growth had slowed from 25.00-30.00 percent in the first 2 quarters of 2026 to 20.00-25.00 percent.

Three dated milestones for VRE

On December 31, 2025, Vincom Retail entered the new fiscal year with the prior-year business base described in its annual report. On August 31, 2026, Vincom Plaza Dan Phuong opened with nearly 27,000 square meters of gross floor area, according to Nhadautu. On October 20, 2026, the QooQoo memorandum set the latest operating milestone for the company.

Vincom Retail's annual report says the company generated VND 8,939 billion in total revenue and VND 4,096 billion in profit after tax in fiscal year 2024. The same report identified 88 shopping malls across 48 Vietnamese cities and provinces, with 1.84 million square meters of retail gross floor area. Vincom Retail also described leasing and related services as a central revenue stream.

Stock closes after the market rebound

Vincom Retail closed at VND 24,950 on the Ho Chi Minh City Stock Exchange on October 21, 2026. Vietnamnet reported that Vincom Retail reached its daily upper price limit during a session in which the VN-Index rose 2.76 percent to 1,738.67 points.