VinFast VF 5. Photo by VnExpress/Luong Dung
Vingroup posted a record revenue of VND192.16 trillion (US$7.6 billion) last year, bolstered by sales of property and electric vehicles.
Its revenue grew 19% from 2023, while post-tax profit surged 21.5% to VND16.72 trillion.
The performance was partly driven by sales of Vinhomes Royal Island, a new property project on an island in the northern port city of Hai Phong.
Revenue Vinhomes went up 13% while profit rose 5%.
Its VinFast brand claimed the top spot in Vietnam auto sales and delivered 88,000 units, with VF 5 and VF 3 being the best-selling models.
The company also launched its products in Asian markets such as the Philippines, Indonesia and the Middle East.
In December it began construction of a new auto plant in Vietnam’s central province of Ha Tinh with a capacity of 300,000 vehicles a year in the first phase.
Vingroup’s hospitality and entertainment arm Vinpearl led the industry with 1.3 million tourists served, up 58%.
The company was also made public, paving the way for a stock market listing.
