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./.
VinFast Auto, a member of Vietnamese conglomerate Vingroup announced on March 15 that it has signed a distribution agreement with the Jospong Group of Companies, a leading multi-industry enterprise in Ghana to distribute its electric vehicles in the market and the West African region.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
At the meeting (Photo: VNA) 
