Vingroup signs 200-train Alstom deal with target for Vingroup stock at VND 117,000

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

Vingroup and Alstom agreed on 200 metro trainsets on October 6, 2026. The target for Vingroup stock is VND 117,000, with two Sell ratings.

Vingroup signed an agreement with Alstom on October 6, 2026, covering 200 metro trainsets for Hanoi.
The first 83 trainsets will be produced in France, while 117 will be assembled in Vietnam.
Vingroup reported VND 222.9 trillion of revenue in the first half of 2026, up 72 percent year over year.
Investing.com lists a VND 117,000 average 12-month target and two Sell ratings for VIC.
VIC stood at VND 218,900 on HOSE at 3:22 p.m. ICT on October 13, 2026.

Vingroup, VN000000VIC9, Illustration mit AI erstellt.

Vingroup (ISIN VN000000VIC9) had signed an agreement with Alstom for 200 metro trainsets by October 6, 2026, including technology transfer for Vietnamese assembly. Reuters reported that the contract supports Hanoi's urban rail expansion, while Alstom said 83 five-car trains will be manufactured in France and 117 will be assembled in Vietnam.

Three infrastructure milestones

On September 16, 2026, a Vingroup-led consortium broke ground on the Vinhomes King Park project in Bac Ninh, with total investment of VND 41 trillion. On September 22, 2026, Vingroup member VinSpeed signed a Siemens Mobility contract valued at up to USD 1.15 billion for two high-speed rail lines. On October 6, 2026, the Alstom agreement added 200 metro trainsets to the group's transport infrastructure pipeline. These dates and figures are documented by Vilasia.

What does the rail deal change?

The contract gives Vingroup a manufacturing role beyond project development: 117 trainsets are planned for assembly in Vietnam, while Alstom supplies technology, engineering expertise, tooling support and key components. The arrangement therefore adds an industrial capability to Vingroup's infrastructure strategy, although the published agreement does not state a contract value.

The financial backdrop is substantial. In the first half of 2026, Vingroup reported consolidated net revenue of VND 222.9 trillion, up 72 percent from the same period of 2025, while profit after tax reached VND 20.904 trillion, 4.6 times the year-earlier figure, according to Wazzup.PH. Those figures make execution and capital allocation the key financial questions as the group expands across property, electric vehicles and infrastructure.

Target and upcoming milestones

Investing.com lists an average 12-month target of VND 117,000 and two Sell ratings. The target is 46.55 percent below the reference price shown on that page, while its listed 52-week range is VND 93,000 to VND 265,000.

The next dated milestones are the planned Vinpearl integrated entertainment complex in the fourth quarter of 2026 and the target IPO of GSM in 2028, both described in recent company coverage by DNSE and Wazzup.PH.

VIC price and market context

VIC stood at VND 218,900 on HOSE at 3:22 p.m. ICT on October 13, 2026. The same quote page shows a 52-week range of VND 93,000 to VND 265,000, placing the stock below its yearly high while keeping the rail and earnings developments central to the investment case.

The further course of trading is shown by the continuously updated real-time quote of Vingroup stock.