Vingroup approves 2024 business plan, to list Vinpearl on market

At the General Meeting of Shareholders held in Hanoi on April 25, Vingroup received approval for its ambitious 2024 business plan.
Vingroup approves 2024 business plan, to list Vinpearl on market ảnh 1At the meeting (Photo: VNA)
Hanoi (VNS/VNA) – At the General Meeting of Shareholdersheld in Hanoi on April 25, Vingroup received approval for its ambitious 2024business plan.

The company aims to achieve a remarkable revenue milestone of 200trillion VND, marking a significant 23.7% increase compared to 2023.

Additionally, Vingroup targets a profit after tax of 4.5 trillionVND, representing an impressive 119% growth.

In 2023, Vingroup demonstrated strong performance, with netrevenue reaching 161.4 trillion VND, a substantial 59% rise from the previousyear. The profit after tax amounted to 2.05 trillion VND, maintaining the samelevel as in 2022. These figures surpassed the targets set at the 2023 AnnualGeneral Meeting of Shareholders, reaching 85% and 103%, respectively.

Nguyen Viet Quang, Vice Chairman of the Board of Directors and GeneralFirector of Vingroup, highlighted the success of VinFast in the technology andindustry sector. VinFast's listing on the US Nasdaq Stock LLC stock exchangeserved as an inspiration for Vietnamese businesses.

In the trade and service sector, Vinhomes made significantprogress in 2023. The company successfully handed over nearly 29,000apartments, villas, and commercial townhouses at Vinhomes Ocean Park 2 andVinhomes Ocean Park 3. The occupancy rate in the real estate rental segmentreached 84.8%, showing improvement compared to the previous year.

Looking ahead to 2024, VinFast plans to expand its distributionchannels globally, leveraging local networks and agent expertise. The goal isto establish approximately 400 sales points by the end of the year. Moreover,VinFast aims to enter the US market with new models and export commence cars toEurope, while also initiating distribution in Indonesia.

In the residential real estate sector, Vinhomes will focus onenhancing its online business system to improve the purchasing experience,transparency of policies and product pricing, in preparation for the upcominggrowth cycle in the market.

Regarding the listing of its subsidiaries, Chairman Pham Nhat Vuongrevealed that Vingroup is currently undertaking procedures to list VinpearlCompany on the Vietnam stock exchange, with hopes of achieving a successfullisting by the end of the year./.


VNA

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