According to BSC’s report, Vincom Retail (VRE) will complete the transfer of its stake in Vincom Center Nguyen Chi Thanh with a value of 3.6 trillion VND in October 2025, recognizing a profit of 1.9 trillion VND in Q4 2025. In Q3 2025, VRE’s revenue reached 2,251 billion VND, an 8% increase year-on-year, with a net profit of 1,376 billion VND, up 52%. Real estate contributed minimally to growth, primarily driven by shopping mall operations and financial revenue. Rental revenue from shopping centers reached 2,124 billion VND, a 7% increase with an improved occupancy rate of 87%. In the first 9 months of 2025, total revenue reached 6,525 billion VND (down 4%), with a net profit of 3,787 billion VND (up 26%). BSC forecasts a positive profit growth prospect for 2026 due to real estate operations and sustained financial revenue. The company plans to adjust its 2025-2026 business forecast upwards due to added earnings from investment partnerships.
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