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| Chairman Phạm Nhật Vượng revealed that Vingroup is currently in the process of listing Vinpearl Company on the Vietnam Stock Exchange and hopes to successfully list it by the end of the year. — VNA/VNS Photo |
HAI NOI — At a general meeting of shareholders held in Hanoi on Thursday, Vingroup received approval for its ambitious 2024 business plan. The company aims to achieve a remarkable revenue milestone of VND200 trillion, a significant increase of 23.7% compared to 2023.
Furthermore, Vingroup targets a profit after tax of VND4.5 trillion, which represents an impressive growth of 119%.
In 2023, Vingroup showed strong performance, with net revenue reaching VND 161.4 trillion, an increase of 59% year-on-year. Profit after tax was VND 2.05 trillion, the same level as in 2022. These figures exceeded the targets set at the 2023 Annual General Meeting, reaching 85% and 103% respectively.
Nguyễn Việt Quang, Vice Chairman of the Board and General Director of Vingroup, highlighted VinFast's success in the technology and industrial sectors. VinFast's listing on the US NASDAQ Stock LLC stock exchange has inspired Vietnamese companies.
In the trade and services sector, Vinhomes made significant progress in 2023. The company has successfully delivered approximately 29,000 apartments, villas and commercial townhouses in Vinhomes Ocean Park 2 and Vinhomes Ocean Park 3. The occupancy rate in the real estate rental sector reached 84.8. %, an improvement compared to the previous year.
Looking ahead to 2024, VinFast plans to expand its distribution channels globally by leveraging local networks and agent expertise. The goal is to open approximately 400 sales locations by the end of the year. In addition, VinFast aims to enter the US market with new models and start exporting cars to Europe, as well as start sales in Indonesia.
In the residential real estate sector, Vinhomes will focus on strengthening its online business systems to improve the buying experience, policy transparency and product pricing in preparation for the upcoming growth cycle of the market.
Regarding the subsidiary's listing, Chairman Phạm Nhật Vượng revealed that Vingroup is currently in the process of listing Vinpearl Company on the Vietnam Stock Exchange and hopes to successfully list it by the end of the year. —VNS
