Vingroup signs 200-train deal: what it means for Vingroup stock

Published on 10/09/2026 at 11:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit VND 222.9 trillion in first-half 2026, up 72.00 percent. Vingroup stock traded at VND 227,800 on October 9, 2026 versus VND 228,000.

Vingroup agreed with Alstom on October 6, 2026, to supply 200 Metropolis trainsets and transfer rail technology to Vietnam.
In the first half of 2026, revenue reached VND 222.9 trillion, up 72.00 percent year on year, while profit after tax reached VND 20.904 trillion.
Vingroup stock traded at VND 227,800 on HOSE on October 9, 2026, down 0.09 percent from VND 228,000.

Vingroup, VN000000VIC9, Illustration mit AI erstellt.

Vingroup stock traded at VND 227,800 on the Ho Chi Minh Stock Exchange on October 9, 2026, down 0.09 percent versus the VND 228,000 reference price. On October 6, Vingroup agreed with Alstom on a contract for 200 Metropolis trainsets and a technology transfer program for Hanoi's urban rail projects, according to Reuters.

Rail contract puts technology first

The agreement covers 83 five-car trainsets designed and built in France, while Vingroup will manufacture and assemble 117 additional units in Vietnam. The arrangement therefore combines equipment procurement with local production capability, a distinction that matters because the contract value was not disclosed.

What does the rail deal add?

According to Reuters on October 6, Hanoi's planned urban rail network spans 979 kilometers across 18 lines by 2045. Vingroup's role through its subsidiary Vinhomes links the train order to a wider urban development strategy rather than to a standalone rolling stock sale.

Three dated steps in the strategy

On September 9, Vingroup planned a bond issue of up to KRW 455 billion, as reported by Zonebourse. On September 10, Vingroup reported consolidated revenue of VND 222.9 trillion in the first half of 2026, up 72.00 percent year on year, and profit after tax of VND 20.904 trillion, more than four times the year-earlier figure, according to PR Newswire. The October 6 Alstom agreement added the 200-trainset rail milestone.

Stock trades near VND 228,000

For investors, the operating picture combines rapid first-half growth with capital-intensive expansion across rail, real estate and industrial businesses. The October 9 trading price of VND 227,800 was VND 200 below the VND 228,000 reference price, while the session range was VND 225,600 to VND 229,000.