Company Insight

Vinhomes JSC (HOSE: VHM) is a leading real estate enterprise in Vietnam, possessing many overwhelming advantages such as: (1) Large land bank in strategic locations, (2) Proven strong project implementation capacity and (3) A strong brand value and reputation trusted by the market. In 2025, Vinhomes successfully seized the market recovery with revenue and profit after-tax growing by 51% and 20% YoY respectively, reaching a record high in its operating history.

Thanks to the solid profit growth potential ensured by strong sales capacity and the rapid implementation of mega projects in 2026 such as: Vinhomes Green Paradise, Green City, Hai Van Bay, IUT,...

We continue to recommend BUY VHM shares with a target price of VND 139,500/share, valued based on the RNAV method.