Vingroup JSC
In the news
- Vietnam speeds up big projects to heal economy from pandemic Jun 18, 2020
- KKR-led consortium invests $650m in Vietnam's Vinhomes Jun 17, 2020
- Thailand drums up post-COVID-19 investment in medical supplies May 22, 2020
- Vietnamese e-commerce company Leflair files for bankruptcy May 7, 2020
- Hanoi mobilizes Vingroup to make ventilators ahead of next virus wave May 4, 2020 See more articles on Vingroup JSC
Company Background
Vingroup is Vietnam's largest real estate company and deals in a wide range of properties, including houses, shopping malls, hotels, golf courses and hospitals. The company has enhanced its brand cachet by targeting its Vincom shopping malls and Vincom Village residential areas at affluent customers.
One of the few entirely non-state concerns in Vietnam, Vingroup is about 30% owned by its largest shareholder and founder Pham Nhat Vuong. Foreign investors have a combined interest of about 15%. Market capitalization, at approximately $3 billion, is the largest among non-state-run companies and ranks among Vietnam's top five concerns when including state-owned entities.
Vingroup started out as a food-processing company founded by Vuong in Ukraine in 1993. The company was moved to Vietnam in 2000 as Vuong wished to contribute to the development of his home country. In 2013, he became the first Vietnamese to make it into the Forbes rankings of the world's wealthiest people.
In 2013, Vingroup raised some $200 million from U.S. investment fund Warburg Pincus to invest in four areas -- commercial facilities, tourism, hospitals and schools.
Business Summary
Financial Highlights
Dec 2020 | VND | USD |
Revenue | 110,462.37B | 4,753.96M |
Gross Profit | 17,281.21B | 743.73M |
Operating income | -4,470.24B | -192.38M |
Income before tax | 13,961.96B | 600.88M |
Net income | 5,126.98B | 220.64M |
EBITDA | 5,866.55B | 252.47M |
Diluted EPS | -- | -- |
Dividends Per Share | -- | -- |
Total Assets | 424,267.78B | 18,380.49M |
Total liabilities | 288,510.78B | 12,499.11M |
Total equity | 78,987.20B | 3,421.95M |
Operating cash flow | 14,317.30B | 616.17M |
Currency in VND | Currency in USD |
Historical Data
Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
Revenue | 57,614.34B | 89,350.04B | 121,894.40B | 130,036.01B | 110,462.37B |
Gross Profit | 15,619.85B | 24,720.65B | 26,778.35B | 34,503.55B | 17,281.21B |
Operating income | 5,275.05B | 11,550.81B | 7,064.18B | 2,595.20B | -4,470.24B |
Income before tax | 6,737.83B | 9,114.28B | 13,900.64B | 15,637.42B | 13,961.96B |
Net income | 3,384.58B | 4,462.41B | 3,823.73B | 7,545.91B | 5,126.98B |
EBITDA | 8,586.61B | 15,536.25B | 16,625.81B | 18,963.01B | 5,866.55B |
Diluted EPS | 1,138.84 | 1,500.82 | 1,272.67 | 2,383.16 | -- |
Dividends Per Share | 0 | 0 | -- | -- | -- |
Total Assets | 183,475.62B | 213,792.05B | 288,127.17B | 403,740.75B | 424,267.78B |
Total liabilities | 135,184.45B | 161,235.04B | 188,960.46B | 283,152.16B | 288,510.78B |
Total equity | 27,827.38B | 31,674.25B | 53,645.24B | 76,417.47B | 78,987.20B |
Operating cash flow | 5,606.33B | 17,959.57B | -8,836.54B | 16,194.10B | 14,317.30B |
Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | |
Revenue | 2,576.07M | 3,933.21M | 5,293.77M | 5,598.29M | 4,753.96M |
Gross Profit | 698.40M | 1,088.21M | 1,162.96M | 1,485.44M | 743.73M |
Operating income | 235.86M | 508.47M | 306.79M | 111.72M | -192.38M |
Income before tax | 301.26M | 401.21M | 603.69M | 673.22M | 600.88M |
Net income | 151.33M | 196.43M | 166.06M | 324.86M | 220.64M |
EBITDA | 383.92M | 683.91M | 722.04M | 816.39M | 252.47M |
Diluted EPS | 0.05 | 0.06 | 0.05 | 0.10 | -- |
Dividends Per Share | 0 | 0 | -- | -- | -- |
Total Assets | 8,057.42M | 9,414.41M | 12,421.95M | 17,423.27M | 18,380.49M |
Total liabilities | 5,936.69M | 7,100.05M | 8,146.60M | 12,219.31M | 12,499.11M |
Total equity | 1,222.05M | 1,394.78M | 2,312.79M | 3,297.76M | 3,421.95M |
Operating cash flow | 250.67M | 790.58M | -383.76M | 697.18M | 616.17M |
Valuation Measures
Dec 2020 | |
PER | 68.17 |
ROA | 1.23% |
ROE | 6.59% |
Operating margin | -4.04% |
Profit margin | 4.64% |
Key executives
- Vice Chairman & Chief Executive Officer: Quang Viet Nguyen
- Deputy General Director: Khuong Van Pham
- Deputy General Director: Noi Huong Mai
- Deputy General Director: Thuy Thanh Dang
- Chief Accountant: Thu Hien Thi Nguyen
Shareholders
- Vietnam Investments Group LLC (33.1%)
- PHAM VUONG NHAT (25.8%)
- Vingroup JSC (6.4%)
- PHAM HUONG THU (4.4%)
- PHAM HANG THUY (2.9%)
- Hanwha Asset Management Co., Ltd. (0.6%)
- PHAM LINH HONG (0.3%)
- NGUYEN THANH QUOC (0.3%)
- Van Eck Associates Corp. (0.2%)
- PHAM TUYET MAI THI (0.1%)
Contact Details
- Website:http://www.vingroup.net
- Address: No 7, Bang Lang 1 Street, Vinhomes Riverside, Viet Hung Ward, Ha Noi, 10000, Vietnam
- Phone: +84.24.3974.9999
Related Companies
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- Vinmart Supermarket Co.
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- Maximark
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Competitors
- Hai Phat Investment JSC
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