Vincom Retail (VRE) held its annual general meeting on April 22, 2025, discussing the decision to retain nearly 21 trillion VND in undistributed profits to invest in expanding its asset portfolio to take advantage of the growing land value. Chairman Tran Mai Hoa stated that this would prepare for asset reassessment according to new accounting standards. The company aims for a revenue target of 9.52 trillion VND in 2025, with rental income at approximately 9.3 trillion VND, up 15% from 2024. The profit after tax target for 2025 is set at 4.7 trillion VND, an increase of nearly 15%. Vincom Retail plans to open 3 new shopping malls, including new Mega Malls and shophouses, focusing on development within the large Vinhomes urban areas, aiming to reinforce its leading position in the Vietnamese retail real estate market.
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