On April 22, Vingroup Corporation (stock code: VIC) held the 2026 Annual General Meeting of Shareholders (AGM) in Hanoi.
At the congress, Vingroup presented shareholders with a business plan for 2026 with a revenue target of VND 485,000 billion, an increase of 45.7% compared to the previous year. Profit after tax is expected to reach VND 35,000 billion, about 3 times higher than the performance in 2025.
Compared to the initial plan announced on April 1, these targets have been adjusted to increase by 35,000 billion VND in revenue and 10,000 billion VND in profit. The enterprise said that the adjustment is based on actual operating results as well as business prospects in the coming time.
Previously, in 2025, Vingroup recorded record revenue of VND 331,838 billion, an increase of 76% compared to the same period. After-tax profit reached VND 11,065 billion, an increase of 109% and exceeding the set plan by 11%. The capitalization of the group has exceeded the milestone of VND 1 million billion.
Answering shareholders about the timing of battery production autonomy, Mr. Pham Nhat Vuong - Chairman of the Board of Directors said that VinFast is implementing a global operational restructuring.
According to the latest plan, VinFast is expected to start making a profit from 2026 or 2027, and the Vietnamese market may record profits this year. Regarding battery production, the enterprise is proactive in part, combining outsourcing, production cooperation and self-production, and emphasizing that it is not in the direction of doing everything on its own but always has partners to accompany.
Before the question about the hybrid car trend, Mr. Pham Nhat Vuong affirmed that VinFast will be steadfast with electric cars and will not return to producing traditional gasoline cars. However, the enterprise is researching technologies to support long-distance travel, such as solutions for additional gasoline charging in some special cases, but vehicles still operate with electric motors.
Regarding the service ecosystem, he said that Green SM is currently number one in Vietnam and aims to become a leader in international markets. The Group is also preparing an IPO plan for Green SM.
The car rental segment has been merged into Green SM to optimize operation and avoid overlap. Vingroup said it is promoting this activity but not in the direction of market devaluation, ensuring benefits for customers, partners and overall stability.
Regarding the consumption plan, in the target of selling 300,000 vehicles in 2026, VinFast plans to sell more than 200,000 vehicles in the Vietnamese market, the rest being from other countries.
Sharing about long-term goals, Vingroup Chairman said that VinFast aims to become one of the world's leading electric vehicle manufacturers, while maintaining its number one position in Vietnam.
In parallel with that, the group builds a diverse product ecosystem, including the GSM brand for taxis and Lac Hong for the high-end car segment, in order to cover the entire market and expand internationally.
In the energy sector, Vingroup focuses on renewable energy such as wind power and solar power. The business believes that these are available resources that can be utilized to create economic benefits instead of dependence on polluting energy sources.
The group is aiming to develop VinEnergo into one of the largest electricity infrastructure companies in the world in the next 10 years.
Regarding Vietnam's double-digit growth target this year, Mr. Pham Nhat Vuong said that Vietnam's high growth target is feasible if there is consensus from the State, businesses and people. He emphasized that growth cannot come from a few individuals but needs the participation of the whole society, together striving to create resources for development.
The miracle of a nation cannot be made by just a few people, but must be the whole country. Our starting point is not high, so the feasibility of high growth is very high, the only thing is to make efforts. There is nothing extraordinary that can be done normally," Mr. Vuong said.
