Behind Vingroup’s record revenue of 170 trillion after 9 months: VinFast grows 80%, unrecognized revenue of VinHomes reaches 224 trillion

The Q3 2025 financial report of Vingroup (VIC) shows impressive results, with net revenue of 169.611 trillion VND, a 34% increase, and after-tax profit of 7.565 trillion VND, nearly doubling from last year. The real estate sector, mainly Vinhomes, contributed 78.300 trillion VND to net revenue, accounting for 46% of the total, with unrecognized revenue reaching 224 trillion VND, up 93% from last year. Vinhomes continues to launch major new projects. The industrial segment, led by VinFast, saw an 80% increase in revenue to nearly 50.700 trillion VND, with 110,362 electric cars delivered in 9 months, surpassing Toyota. Vingroup is also expanding into heavy industry and infrastructure with the establishment of VinMetal for metallurgy and VinSpeed for high-speed rail infrastructure. Other service sectors also show positive growth: Vincom Retail reached 8.390 trillion VND, Vinpearl saw a 27-29% revenue increase from tourism, and Vinmec and Vinschool maintained steady growth. Vingroup surpassed 1 trillion VND in total assets, becoming the first private enterprise in Vietnam to achieve this.