Vinhomes lifted Cam Ranh investment: what it means for Vinhomes stock

Published on 10/12/2026 at 09:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MBS forecasts Vinhomes profit at VND 17,250 billion for the third quarter of 2026, up 312 percent. For Vinhomes stock this means a VND 194 trillion project.

Key points in brief

Vinhomes raised the planned investment in its Cam Ranh urban project to VND 194 trillion on October 1, 2026.
MBS forecast net profit of VND 17,250 billion for the third quarter of 2026, up 312 percent year over year.
Vinhomes reported VND 116.565 trillion in revenue and VND 52.091 trillion in profit for the first half of 2026.
The company is listed on HOSE under ticker VHM.VN.

Vinhomes, VN000000VHM0, Illustration mit AI erstellt.

Vinhomes lifted the planned investment in its Cam Ranh urban project to VND 194 trillion on October 1, 2026, according to Baomoi. The increase puts project execution and the timing of property handovers at the center of the Vinhomes stock story.

What does VND 194 trillion mean

The revised budget is more than double the original investment of VND 85.293 trillion, an increase of VND 108.700 trillion. The 1,254-hectare project is planned to include more than 39,000 homes, including 8,474 townhouses, 10,732 villas and 19,816 social housing units, Baomoi reported.

The financial base is also substantial. In the first half of 2026, Vinhomes recorded revenue of VND 116.565 trillion and net profit of VND 52.091 trillion, up 3.43 times and 4.79 times year over year, respectively, according to Baomoi. The company had already achieved 86.80 percent of its VND 60 trillion full-year profit target after six months.

Three milestones shape the year

On September 24, 2026, Vinhomes issued 80,000 bonds with a total face value of VND 8 trillion, as reported by CVS. On September 29, 2026, MBS forecast third-quarter net profit of VND 17,250 billion, up 312 percent year over year, according to Znews. On October 1, 2026, the Cam Ranh investment plan rose to VND 194 trillion, according to Baomoi.

Execution now matters most

For Vinhomes stock, the key tension is the scale of future development against the timing of recognized revenue. MBS also expected VND 40 trillion to VND 50 trillion of wholesale sales in the third quarter from Global Gate Ha Long and Saigon Park, while the company's backlog reached VND 200 trillion at the end of the previous quarter, Znews reported.

Project scale sets the closing context

Vinhomes stock is therefore linked to a VND 194 trillion project, VND 116.565 trillion of first-half revenue and VND 52.091 trillion of first-half profit. Those figures make delivery progress the clearest measure of whether the expanded investment plan can support the company's reported growth.