Distribution of Revenues by Industry:

• Real Estate: approx. 40%
• Retail: approx. 25%
• Automotive (VinFast): approx. 20%
• Tourism and Leisure: approx. 10%
• Healthcare and Education: approx. 5%

TOP 3 Markets:

• Vietnam: approx. 60%
• USA: approx. 20%
• Europe: approx. 10%

Vingroup Joint Stock Company is a diversified company with a strong focus on real estate, which accounts for the majority of its revenue. Retail and the automotive sector, especially through VinFast, also contribute significantly to the revenue.

Vietnam remains the company's main market, followed by the USA, where the automotive sector, in particular, is expanding. Europe is also an important market, especially for retail and the automotive industry.

Production sites of Vingroup:

1. Vietnam: Main production site
2. USA: Planned production facilities for electric vehicles
3. Europe: Planned expansion into the automotive sector

Vingroup Joint Stock Company, known for its diversification into various industries, has its main production sites in Vietnam. In particular, the automotive division VinFast currently produces in Vietnam, but plans to expand its production capacities in the USA and Europe to better serve the international market. This expansion is part of the strategy to strengthen VinFast's global presence in the electric vehicle sector.

Revenue growth (estimated): 10-12% (2025)

Profit growth (estimated): 8-10% (2025)

Vingroup Joint Stock Company is pursuing a diversified growth strategy to strengthen its market position and explore new business fields. An essential part of this strategy is the expansion into the international market, particularly by promoting its automotive division VinFast, which focuses on electric vehicles.

Furthermore, Vingroup is heavily investing in technology and digitalization to increase its efficiency and offer new digital services. This includes investments in artificial intelligence and smart city projects to modernize its real estate and retail segments.

Another strategic focus is on the healthcare and education sectors, where Vingroup plans to generate further growth by expanding its Vinmec hospitals and Vinschool educational institutions. This diversification aims not only to stabilize revenue sources but also to reduce dependence on individual markets.

Imported raw materials/components: Steel, electronic components, battery cells

Countries of origin:

• Steel: China, Japan, South Korea
• Electronic components: Taiwan, South Korea
• Battery cells: China, South Korea

Vingroup Joint Stock Company, as one of the largest conglomerates in Vietnam, imports a variety of raw materials and components to support its various business sectors, especially in the automotive and real estate sectors.

Steel is mainly imported from China, Japan, and South Korea, as these countries are leading in steel production and offer competitive prices. Electronic components, needed for the production of electric vehicles and other high-tech products, mainly come from Taiwan and South Korea, known for their advanced electronics industry.

Battery cells, a critical component for electric vehicle production, are mainly sourced from China and South Korea, as these countries are leading in battery technology. Vingroup is continuously working to optimize supply chains and reduce dependence on specific suppliers.

Market share in the real estate sector: 25% (estimated, 2025)
Market share in the automotive sector (VinFast): 10% in Vietnam (estimated, 2025)
Diversification: Real estate, automotive, retail, technology

Vingroup Joint Stock Company has established itself as one of the leading conglomerates in Vietnam. The company's most significant competitive advantage lies in its strong diversification across various sectors, including real estate, automotive, retail, and technology. This diversification enables Vingroup to spread risks and benefit from different growth opportunities.

In the real estate sector, Vingroup holds an estimated market share of 25% in Vietnam, attributed to a strong brand presence and an extensive portfolio of projects. In the automotive sector, VinFast, a subsidiary of Vingroup, has gained importance in recent years and holds an estimated market share of 10% in Vietnam. This is due to aggressive expansion and innovation in the field of electric vehicles.

Additionally, Vingroup benefits from its ability to leverage synergies between its various business areas, increasing efficiency and reducing costs. The company's strong brand awareness and consumer trust in Vietnam further strengthen its competitive advantage.

Institutional Investor Share: 35% (2025, estimated)
Insider Buys/Sells: No significant transactions in the last quarter (2025, estimated)

The institutional investor share in Vingroup Joint Stock Company is estimated to be 35%. This reflects the confidence of institutional investors in the company's long-term growth prospects.

There were no significant insider buys or sells in the last quarter, indicating a stable assessment by the company's management of the current business development. The restraint in insider transactions could also point to a phase of consolidation or strategic planning for future investments.

Market share of Vingroup Joint Stock Company (VIC): 12% (2025, estimated)

Main competitors and their market shares:

1. Masangroup Corporation: 15%
2. Hoa Phat Group: 14%
3. Vingroup Joint Stock Company (VIC): 12%
4. Vietcombank: 10%
5. Vinamilk: 9%
6. PetroVietnam Gas: 8%
7. BIDV (Bank for Investment and Development of Vietnam): 7%
8. VietinBank: 6%
9. FPT Corporation: 5%
10. Techcombank: 4%

Moat of Vingroup:

Vingroup has a significant moat, stemming from its diversification into various sectors such as real estate, retail, healthcare, and education. This diversification allows the company to spread risks and benefit from different growth sectors. Additionally, Vingroup has strong brand awareness and an extensive distribution network in Vietnam.

Compared to competitors, Masangroup has a strong moat in the consumer goods sector, while Hoa Phat Group dominates in the steel sector. Vietcombank and other banks benefit from a stable financial sector and a large customer base.

Overall, Vingroup has a significant advantage through its diversification and market presence, but competitors are also strongly positioned in their respective sectors. Vingroup's competitive advantage lies in its ability to leverage synergies between different business areas, which reinforces the moat.

Revenue growth: 10% (estimated 2024)
EBITDA growth: 8% (estimated 2024)
Market share in the real estate sector in Vietnam: 30% (2024)

Vingroup Joint Stock Company has experienced solid revenue growth of around 10% in recent years, attributed to the diversification of its business portfolio and expansion into new markets. The company has positioned itself strongly not only in the real estate sector but also in retail, healthcare, and the automotive industry.

The EBITDA growth rate of 8% indicates stable operational efficiency, which is a positive signal for investors. Vingroup has also made significant investments in electromobility, particularly through its subsidiary VinFast, providing future growth potential.

The 30% market share in the Vietnamese real estate sector demonstrates Vingroup's strong market position, giving them a competitive advantage. Diversification and strategic investments in promising sectors could stabilize and grow the company in the long term.

Overall, Vingroup's stock could be an attractive investment for investors interested in long-term growth, especially due to its strategic focus on promising sectors and strong market position in Vietnam.

Dividend payment: No dividend (2025)

Vingroup Joint Stock Company has not distributed any dividends to its shareholders in recent years. The company has traditionally focused on reinvesting profits in the growth and expansion of its business areas, especially in real estate, retail, and technology.

The reliability of dividend payment is therefore not guaranteed, as the company does not make regular payouts. Investors who invest in Vingroup often do so with the aim of capital growth through share price appreciation, rather than expecting regular dividend yields.