Vingroup approves 2024 business plan, plans to list Vinpearl on market
The General Meeting of Shareholders on Thursday of Vingroup approved the 2024 business plan, with record revenue of VNĐ200 trillion and profit after tax of VNĐ4.5 trillion, up by 23.7 per cent and profit by 119 per cent against 2023.
During the General Meeting of Shareholders held in Hà Nội on Thursday, Vingroup received approval for its ambitious 2024 business plan. The company aims to achieve a remarkable revenue milestone of VNĐ200 trillion, marking a significant 23.7 per cent increase compared to 2023.
Additionally, Vingroup targets a profit after tax of VNĐ4.5 trillion, representing an impressive 119 per cent growth.
In 2023, Vingroup demonstrated strong performance, with net revenue reaching VNĐ161.4 trillion, a substantial 59 per cent rise from the previous year. The profit after tax amounted to VNĐ2.05 trillion, maintaining the same level as in 2022. These figures surpassed the targets set at the 2023 Annual General Meeting of Shareholders, reaching 85 per cent and 103 per cent, respectively.
Nguyễn Việt Quang, deputy chairman of the Board of Directors and general director of Vingroup, highlighted the success of VinFast in the technology and industry sector. VinFast's listing on the US Nasdaq Stock LLC stock exchange served as an inspiration for Vietnamese businesses.
In the trade and service sector, Vinhomes made significant progress in 2023. The company successfully handed over nearly 29,000 apartments, villas, and commercial townhouses at Vinhomes Ocean Park 2 and Vinhomes Ocean Park 3. The occupancy rate in the real estate rental segment reached 84.8 per cent, showing improvement compared to the previous year.
Looking ahead to 2024, VinFast plans to expand its distribution channels globally, leveraging local networks and agent expertise. The goal is to 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 to Europe, while also initiating distribution in Indonesia.
In the residential real estate sector, Vinhomes will focus on enhancing its online business system to improve the purchasing experience, transparency of policies and product pricing, in preparation for the upcoming growth cycle in the market.
Regarding the listing of its subsidiaries, Chairman Phạm Nhật Vượng revealed that Vingroup is currently undertaking procedures to list Vinpearl Company on the Việt Nam stock exchange, with hopes of achieving a successful listing by the end of the year. — VNS
