On July 29, 2025, Vincom Retail (VRE) announced its Q2/2025 financial report, revealing total net revenue of 2,143 billion VND, a decrease from the previous year largely due to no significant contributions from real estate handover activities. However, revenue from leasing and services grew by 6.6% to 2,068 billion VND, thanks to improved occupancy rates in shopping centers during the first half. After-tax profit reached 1,233 billion VND, an increase of 20.7% year-on-year. During the holiday period from April 30 to May 4, Vincom shopping centers attracted 5 million visitors, a 51% increase compared to the same period last year. In Q3/2025, Vincom Retail plans to open two major shopping malls: Vincom Mega Mall Ocean City and Vincom Mega Mall Royal Island, benefiting from the newly completed Hoang Gia Bridge which shortens travel time to Hai Phong. Vincom Retail paid nearly 93 billion VND in bond interest in the first half of 2025.
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