Vingroup (HoSE: VIC) recently announced the addition of 8 new business sectors, bringing the total to 66. The new sectors include sauna services, contract catering, non-alcoholic beverage production, and mineral extraction. Previously, Vingroup had 58 sectors, mainly in real estate, accommodation services, and electricity production.
Vingroup’s subsidiary, VinSpeed, has proposed investment in various railway routes, with a highlight being the North-South high-speed rail with an estimated total investment of about 1.7 quadrillion VND (~67 billion USD). Additionally, Vingroup set up VinEnergo with a charter capital of 2 trillion VND, focusing on electricity production and electric equipment.
For its 2025 business plan, Vingroup aims for total revenue of 300 trillion VND and a post-tax profit of 10 trillion VND, representing a 56% increase in revenue and 90% in profit compared to 2024. Vingroup’s strategy will continue to revolve around three pillars: manufacturing (VinFast), real estate (Vinhomes), and tourism – entertainment (Vinpearl).
Leave a Reply