‘Dissecting’ the mutation at the ‘golden egg-laying hen’ of billionaire Pham Nhat Vuong

CTCP Vinhomes (VHM) has just announced its financial results for 2025 with consolidated revenue reaching 154,102 billion VND, an increase of 51% compared to the previous year, and post-tax profit hitting 42,111 billion VND, up 20%. Notably, Q4/2025 revenue exceeded 103,000 billion VND, double the total revenue of the previous three quarters, driven by property sales at Ocean Park 2&3. Vinhomes, regarded as the ‘golden egg-laying hen’ of Vingroup, helped the group of Pham Nhat Vuong offset losses from VinFast. The NHNN’s real estate credit orientation will prioritize projects with clear legal status, benefiting Vinhomes. Despite rising housing loan interest rates, company leaders believe the demand for their products remains significantly unaffected due to flexible payment policies and collaboration with banks. The company also indicated it will adjust sales strategies based on market conditions.