Vinhomes joins Hanoi rail deal: what it means for Vinhomes stock

Published on 10/09/2026 at 11:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

For Vinhomes stock, the October 6 deal means 200 metro trainsets. First-half revenue reached VND 116.565 trillion, up 243.00 percent year over year.

Key points in brief

Vinhomes took part in a Hanoi metro agreement covering 200 trainsets on October 6, 2026.
First-half 2026 revenue reached VND 116.565 trillion, up 243.00 percent year over year.
Vinhomes stock was quoted at VND 66,300 on October 8, 2026, against a 52-week high of VND 78,966.
Vinhomes had a market capitalization of VND 562.7 trillion as of September 30, 2026.

Vinhomes, VN000000VHM0, Illustration mit AI erstellt.

Vinhomes (ISIN VN000000VHM0) took part in a Hanoi rail agreement covering 200 metro trainsets signed on October 6, 2026. According to CNA, Vinhomes serves as the Vingroup subsidiary acting as general contractor for Hanoi metro projects.

Three milestones reshape the story

On August 24, 2026, DSC reported second-quarter revenue of VND 52.722 trillion, up 188.00 percent year over year, while first-half revenue reached VND 116.565 trillion, up 243.00 percent.

On September 23, 2026, Vingroup railway unit VinSpeed signed a Siemens Mobility contract worth up to EUR 1.0 billion for two routes, according to 1thegioi.

On October 6, 2026, the Alstom agreement added 83 imported trainsets and 117 trainsets to be manufactured and assembled in Vietnam. The sequence matters because the rail activity moves Vinhomes beyond property development and into infrastructure execution, while the company remains tied to a large real estate earnings base.

What does the rail deal mean?

The October 6 agreement gives the infrastructure strategy a measurable industrial component: 200 five-car Metropolis trainsets, including 117 assembled in Vietnam with transferred technology. The agreement itself does not disclose a contract value for Vinhomes, so the investment case still depends primarily on property delivery and cash generation.

The latest reported operating figures provide that counterweight. DSC said first-half 2026 net profit reached VND 52.092 trillion, up 379.00 percent year over year, after second-quarter gross profit of VND 34.732 trillion and a 65.90 percent gross margin. Vinhomes had completed 87.00 percent of its full-year net-profit plan by the end of that period.

The figures also show why the rail announcement is context rather than a replacement for the core business. First-half sales reached VND 148.104 trillion, up 119.00 percent year over year, while contracted but undelivered sales stood at VND 196.813 trillion, up 42.00 percent, according to DSC.

Stock remains below its yearly high

Vinhomes stock stood at VND 66,300 on October 8, 2026, down 2.50 percent from the prior session. The same quotation page shows a 52-week range of VND 41,842 to VND 78,966, putting the stock 16.04 percent below its yearly high.

The stock had a market capitalization of VND 562.7 trillion as of September 30, 2026. The State Securities Commission listed Vinhomes among the Vietnamese companies with market capitalization above USD 1 billion, placing the company in a market where property exposure and infrastructure ambitions are being priced together.

Latest HOSE trading context

The latest available HOSE quote stood at VND 66,300 on October 8, 2026, with the 52-week high at VND 78,966 and the daily change at minus 2.50 percent. The further course of trading is shown by the continuously updated real-time quote of Vinhomes stock.