Vingroup sets budget record

Vingroup contributed VND 148.773 trillion to Vietnam’s state budget in 2025, the highest amount recorded from a private company in the country.

The figure rose 165 percent from more than VND 56.2 trillion in 2024, according to a ranking published by Vietnamese financial news platform CafeF. It also made Vingroup the first private-sector company in Vietnam to exceed VND 100 trillion in state budget contributions within a single year.

Its contribution averaged more than VND 407 billion per day throughout 2025.

The record came as the Vietnamese conglomerate posted sharp growth across its automotive, property and service businesses. Vingroup generated more than VND 332.808 trillion in revenue during the year, up 76 percent, while profit after tax increased 111 percent to more than VND 11.146 trillion.

Growth continued during the first six months of 2026. Consolidated net revenue climbed 72.5 percent to VND 222.3 trillion, while profit after tax rose 4.5 times to VND 20.375 trillion. The six-month profit accounted for 58 percent of its full-year target.

VinFast contributed to the expansion as it held the top position in Vietnam’s electric vehicle market. The automaker delivered 115,916 electric vehicles in its home market during the first half, a 72-percent increase from the same period last year.

Global deliveries reached 128,662 vehicles, up 78 percent. VinFast also sold nearly 429,175 electric motorcycles, or 3.7 times the volume recorded a year earlier.

The company had 474 showrooms worldwide by the end of the period, with most located in key Asian markets.

Vingroup’s property arm Vinhomes recorded VND 134.2 trillion in equivalent revenue during the first half, three times the previous year’s figure. The group is also developing businesses in infrastructure and green energy.

Its Thien Tam Fund has allocated VND 35 trillion to healthcare, education, livelihood, disaster relief and other social programs. Another VND 11 trillion was recently committed to projects supporting people who have contributed to Vietnam.