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 2022 | VND | USD |
Revenue | 101,523.46B | 4,336.78M |
Gross Profit | 14,048.69B | 600.11M |
Operating income | -11,544.66B | -493.15M |
Income before tax | 12,693.79B | 542.24M |
Net income | 8,351.85B | 356.76M |
EBITDA | 9,619.37B | 410.91M |
Diluted EPS | -- | -- |
Dividends Per Share | -- | -- |
Total Assets | 574,807.29B | 24,382.06M |
Total liabilities | 439,194.19B | 18,629.65M |
Total equity | 109,697.69B | 4,653.13M |
Operating cash flow | 4,722.85B | 201.74M |
Currency in VND | Currency in USD |
Historical Data
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 121,894.40B | 130,036.01B | 110,490.03B | 128,375.88B | 101,523.46B |
Gross Profit | 26,778.35B | 34,503.55B | 15,830.15B | 35,337.02B | 14,048.69B |
Operating income | 7,064.18B | 2,595.20B | -3,343.86B | 5,808.35B | -11,544.66B |
Income before tax | 13,900.64B | 15,637.42B | 13,942.55B | 3,146.45B | 12,693.79B |
Net income | 3,823.73B | 7,545.91B | 5,464.62B | -2,513.88B | 8,351.85B |
EBITDA | 16,625.81B | 18,963.01B | 6,988.29B | 20,727.98B | 9,619.37B |
Diluted EPS | 1,131.26 | 2,118.36 | 1,473.51 | -685.14 | -- |
Dividends Per Share | -- | -- | 0 | 0 | -- |
Total Assets | 288,127.17B | 403,740.75B | 422,503.76B | 428,384.46B | 574,807.29B |
Total liabilities | 188,960.46B | 283,152.16B | 286,651.05B | 268,812.59B | 439,194.19B |
Total equity | 53,645.24B | 76,417.47B | 79,195.87B | 100,474.01B | 109,697.69B |
Operating cash flow | -8,836.54B | 16,194.10B | 13,436.33B | -13,528.09B | 4,722.85B |
Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | |
Revenue | 5,293.77M | 5,598.29M | 4,755.15M | 5,597.41M | 4,336.78M |
Gross Profit | 1,162.96M | 1,485.44M | 681.28M | 1,540.75M | 600.11M |
Operating income | 306.79M | 111.72M | -143.90M | 253.25M | -493.15M |
Income before tax | 603.69M | 673.22M | 600.04M | 137.19M | 542.24M |
Net income | 166.06M | 324.86M | 235.18M | -109.60M | 356.76M |
EBITDA | 722.04M | 816.39M | 300.75M | 903.77M | 410.91M |
Diluted EPS | 0.04 | 0.09 | 0.06 | -0.02 | -- |
Dividends Per Share | -- | -- | 0 | 0 | -- |
Total Assets | 12,421.95M | 17,423.27M | 18,304.07M | 18,797.03M | 24,382.06M |
Total liabilities | 8,146.60M | 12,219.31M | 12,418.54M | 11,795.19M | 18,629.65M |
Total equity | 2,312.79M | 3,297.76M | 3,430.99M | 4,408.68M | 4,653.13M |
Operating cash flow | -383.76M | 697.18M | 578.25M | -589.84M | 201.74M |
Valuation Measures
Dec 2022 | |
PER | 23.90 |
ROA | 1.66% |
ROE | 7.94% |
Operating margin | -11.37% |
Profit margin | 8.22% |
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
- Project Manager: Hien Tran
Shareholders
- Vietnam Investments Group LLC (33.0%)
- PHAM NHAT VUONG (25.8%)
- Sk South East Asia Investment Pte , Ltd. (6.0%)
- PHAM HUONG THU (4.4%)
- PHAM HANG THUY (2.9%)
- Vingroup JSC (2.0%)
- Fubon Asset Management Co., Ltd. (0.5%)
- Van Eck Associates Corp. (0.4%)
- Dragon Capital Management Co. Ltd. (0.3%)
- VietFund Management Co. (Investment Management) (0.2%)
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
- VinTech Technology Development JSC
- VinFast Auto Ltd.
- VCM Services & Trading Development JSC
- VinES Energy Solutions Joint Stock Company
- VinFast Auto Canada, Inc.
- VinFast Auto LLC
- Allen & Overy Legal (Vietnam) LLC
- Thai Son JSC
- VinFast Trading & Production JSC
- Vinid Pay JSC
- VinFast Commercial & Services Trading LLC
- Xavinco Real Estate JSC
- VinSmart
- Vinhomes JSC
- VinPro Trading & Services LLC
- Hop Nhat Viet Nam Corp.
- Anh Sao Real Estate Corp.
- Vinmart Supermarket Co.
- Khanh Gia Investment Trading Services JSC
- Maximark
- Vincom Real Estate Trading Co. Ltd.
- VINGS General Services Trading One-Member Co. Ltd.
- Vinschool One Member Co. Ltd.
- Ocean Retail & Assets Management JSC
- Hai Phong Land Investment & Development JSC
- Vinmec International Hospital JSC
- Bai Dai Tourism & Investment JSC
- Viet Thanh Sai Dong Co. Ltd.
- Hon Tre Tourism & Services JSC
- Cam Ranh Tourism & Trading JSC
Competitors
- Central Retail Corporation Public Company Limited
- Longeveron Inc. Class A
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