Vingroup's Profits Soar with Impressive Doubling

Vingroup, a prominent conglomerate, has announced impressive financial results for the first six months of the year. The company’s pre-tax profits have doubled compared to the previous year, reaching a record high of VND7.94 trillion (US$337.82 million) since its listing on the stock market. Additionally, revenues have also doubled, amounting to VND102.53 trillion.

Vingroup’s success can be attributed to growth across all of its key businesses. Vinhomes, the housing development subsidiary, experienced remarkable growth with revenues more than quadrupling to VND62.1 trillion. Vincom Retail, the retail property development unit, achieved a significant 28% increase in revenues, reaching VND4.1 trillion.

Furthermore, Vingroup’s automotive division, VinFast, delivered 11,300 cars during this period, bringing the total number of cars manufactured since its inception to 105,000. These achievements demonstrate the company’s strong performance and expansion in various sectors.