Vingroup maintains VND 35 trillion target: what it means for Vingroup stock

Published on 10/08/2026 at 12:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue hit VND 222.9 trillion, up 72.00 percent year on year. Vingroup stock means VND 20.904 trillion profit in first half 2026, 4.60 times 2025.

Vingroup, VN000000VIC9, Illustration mit AI erstellt.

Vingroup (ISIN VN000000VIC9) maintains a VND 35 trillion profit-after-tax target for 2026, according to Mekong ASEAN in an update dated October 7, 2026. Vingroup is listed on HOSE under ticker VIC, according to Global Banking and Finance.

Profit target needs a stronger second half

The SSI update said Vingroup needs VND 14.1 trillion in profit after tax during the second half of 2026 to reach the full-year target. That requirement represents growth of 115.00 percent from the same period in 2025, making execution in the final six months the central financial test.

SSI also described a net debt-to-EBITDA target of 3.00 times or lower, compared with 2.10 times at the end of the second quarter of 2026. The comparison places balance-sheet discipline alongside earnings delivery as a key measure for the group.

Revenue and profit set the base

Vingroup reported consolidated revenue of VND 222.9 trillion in the first half of 2026, up 72.00 percent from the first half of 2025, according to Yahoo Finance. Consolidated profit after tax reached VND 20.904 trillion in the same period, 4.60 times the figure from the first half of 2025.

The first-half result equals 60.00 percent of the full-year profit target. For investors, the arithmetic is clear: the second-half target is materially higher than the first-half contribution, so the outcome depends on the pace of property, industrial and infrastructure activity.

Rail agreement broadens the story

Vingroup and Alstom agreed on October 6, 2026, to supply 200 metro trainsets for Hanoi and transfer technology for local production, Reuters reported. The plan assigns 83 five-car trainsets to production in France and 117 trainsets to assembly in Vietnam.

The rail project adds an infrastructure dimension to a group already reporting growth across real estate and industrial manufacturing. It also links Vingroup's profit target to projects whose financial contribution will depend on delivery and execution timelines.

October 26 report date

The next earnings report is listed for October 26, 2026, by Investing.com. That date gives the market a defined checkpoint for progress toward the VND 35 trillion full-year target.