Behind the Profitability of Major Businesses

Financial reports for the third quarter show that many large companies in Vietnam have achieved impressive business results. Vinamilk recorded a revenue of 16,968 billion VND, up 9% year-on-year, with a net profit of 2,511 billion VND. Growth momentum was supported by digital transformation, e-commerce, and expanding distribution networks. VNG also saw a 12% growth in revenue, reaching 2,894 billion VND, with a net profit increase of 572%. Kinh Bac reported revenue of over 1,347 billion VND and a net profit of 307 billion VND, mainly driven by growth in industrial zones and real estate transfers. Viettel Global achieved a revenue of 11,622 billion VND, up 27%, with a record net profit of 4,160 billion VND, thanks to strong growth in international markets. Finally, May Viet Tien recorded the highest quarterly profit since 2019 at 119 billion VND and revenue of 2,722 billion VND, fueled by increased profits from affiliated companies.

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