Vingroup has unprecedented assets, cash exceeds 82,000 billion VND

Billionaire Pham Nhat Vuong - Photo: VGP

According to the consolidated financial report for the second quarter of 2025, Vingroup Corporation (VIC) recorded total assets of VND 964,438 billion, an increase of 15% after the first 6 months of 2025.

Vingroup's record high amount of "fresh money"

Most of this increase was due to Vingroup's highest cash balance in its history. Cash and cash equivalents (including term deposits under 3 months) reached VND74,760 billion.

Not to mention, the group chaired by Mr. Pham Nhat Vuong also has 7,590 billion VND in term deposits from over 3 months to under 1 year with interest rates from 2.5 - 6.4%.

Vingroup's total cash balance is more than VND82,350 billion, an increase of nearly VND34,700 billion compared to the beginning of the year. This is a record amount of "fresh money" for Vingroup, thereby boosting the total assets of the entire group.

Currently, enterprises with total assets exceeding 1 million billion VND are mainly concentrated in the banking sector, with about 10 units.

Meanwhile, Vingroup stands a chance to become the second non-financial enterprise in Vietnam to reach this milestone, after the Vietnam National Oil and Gas Group ( Petrovietnam ).

Manufacturing revenue exceeds real estate

Regarding business performance, Vingroup Corporation recorded revenue of VND46,325 billion in the second quarter, up 9% over the same period.

The manufacturing segment became the largest source of revenue during the period, contributing VND17,249 billion - surpassing the real estate segment (VND15,208 billion), which is considered the traditional pillar of the group.

The gap of more than VND2,000 billion marks a significant shift in Vingroup's short-term revenue structure.

Besides core business activities, Vingroup also recorded other extraordinary income of up to 18,516 billion VND.

Thanks to that, the second quarter's after-tax profit reached VND 2,266 billion, 3 times higher than the same period in 2024.

In the first 6 months of 2025, the group founded by billionaire Pham Nhat Vuong brought in 130,382 billion VND in revenue - equivalent to double the same period last year.

Profit after tax reached VND4,508 billion, up 2.19 times. According to Vingroup, profit growth was driven by recovery and development in the fields of residential real estate, industry, resort tourism and entertainment.

The real estate sector alone continues to account for the largest proportion of total revenue in the first half of the year with nearly VND 70,500 billion, an increase of 167% over the same period.

BINH KHANH

Source: https://tuoitre.vn/vingroup-tai-san-nhieu-chua-tung-co-tien-mat-vuot-82-000-ti-dong-20250803112335277.htm