Retail: 60%
Real Estate Rental: 30%
Services: 10%

TOP 3 Markets:

1. Hanoi: 40%
2. Ho Chi Minh City: 35%
3. Da Nang: 15%

Vincom Retail Joint Stock Company generates the majority of its revenue from retail, followed by real estate rental and services. The main markets for the company are the major cities of Hanoi, Ho Chi Minh City, and Da Nang, which together account for 90% of the revenue. This concentration on urban centers reflects the company's strategic focus on being present in highly frequented and economically thriving areas.

Production Sites: Vietnam

Vincom Retail Joint Stock Company (HOSE:VRE) is mainly active in the retail real estate sector and operates shopping centers in Vietnam. The company does not produce physical products, but offers retail space. Therefore, the question of production sites in the traditional sense is not applicable.

Vincom Retail develops and manages its real estate projects within Vietnam, with a focus on the development and management of shopping centers.

Revenue Growth: 10% (estimated for 2026 based on historical data) Expansion of Retail Space: 15% by 2026 (planned expansion)

Vincom Retail Joint Stock Company is pursuing a growth strategy that heavily relies on expanding its retail spaces. The company plans to increase its presence in Vietnam by opening new shopping centers in emerging urban areas by 2026. This strategy aims to capitalize on the growing middle class and increasing consumer demand in Vietnam.

In addition, Vincom Retail is investing in the modernization of existing locations to enhance the shopping experience and increase customer loyalty. By introducing innovative retail concepts and integrating digital technologies into their business models, the company aims to further strengthen its market leadership in the Vietnamese retail sector.

Main import materials: Building and furnishing materials, electronic components

Countries of origin: China, South Korea, Japan

Vincom Retail Joint Stock Company, as a leading company in the retail sector in Vietnam, mainly imports building and furnishing materials as well as electronic components. These materials are crucial for the construction and outfitting of their shopping centers and retail spaces.

China is a significant supplier, especially for cost-effective building and furnishing materials. South Korea and Japan supply high-quality electronic components and specialized materials needed for the modern infrastructure of the shopping centers.

These import strategies enable Vincom Retail to create competitive and modern retail spaces that meet the requirements of a growing market.

Market share in Vietnam: 60% (2025)

Number of shopping centers: 83 (2025)

Vincom Retail Joint Stock Company (HOSE:VRE) is the leading operator of shopping centers in Vietnam. With a market share of approximately 60% in 2025, the company dominates the Vietnamese retail real estate market. This strong market position gives Vincom Retail a significant competitive advantage.

The company operates 83 shopping centers across the country, ensuring it has a broad geographical presence and a strong customer base. This expansive infrastructure allows Vincom Retail to benefit from economies of scale and offer a wide range of retail services.

In addition, Vincom Retail continuously invests in the modernization and expansion of its centers to meet changing consumer preferences. These strategic investments enhance the attractiveness of their locations for both tenants and customers, contributing to long-term competitiveness.

Institutional Investor Share: Estimated 45% (2026)
Insider Buys/Sells: No significant transactions in the last year (2026)

The institutional investor share in Vincom Retail Joint Stock Company is estimated to be around 45%. This demonstrates the confidence of institutional investors in the company's long-term stability and growth potential.

In 2026, there were no significant insider buys or sells, indicating that the management and other insiders do not anticipate significant changes in their assessment of the company's value. This can be seen as a sign of stable corporate governance and balanced risk management.

Market share of Vincom Retail Joint Stock Company (VRE): 18% (estimated for 2026)

Top competitors and their market shares:

1. Central Retail Corporation: 22%
2. AEON Mall Vietnam: 15%
3. Lotte Mart Vietnam: 12%
4. Saigon Co.op: 10%
5. Big C Vietnam: 8%
6. Mega Market Vietnam: 7%
7. Emart Vietnam: 5%

Vincom Retail Joint Stock Company (VRE) is one of the leading retailers in Vietnam and holds a significant market share of approximately 18%. The largest competitor is Central Retail Corporation with a market share of 22%, followed by AEON Mall Vietnam with 15%.

The moat of Vincom Retail lies in its strong brand presence and the strategic location of its shopping centers in urban areas. These factors provide a competitive advantage through high customer traffic and brand loyalty. Additionally, VRE benefits from the support of its parent company Vingroup, one of the largest corporate groups in Vietnam.

Compared to competitors, Central Retail has an advantage due to its international experience and a wide portfolio of retail formats. AEON Mall Vietnam excels in a strong focus on customer experience and service quality.

Overall, Vincom Retail has a solid moat, but they must continuously invest in innovation and customer experience to keep pace with international competitors and defend their market share.

Revenue growth: 10% (estimated for 2025) Profit growth: 8% (estimated for 2025) Market share in the retail sector Vietnam: 25% (2025)

Vincom Retail Joint Stock Company is one of the leading operators of shopping centers in Vietnam and benefits from the growing consumer demand in the region. The company has been continuously investing in the expansion and modernization of its retail spaces in recent years, leading to stable revenue and profit growth.

The strategic focus on opening new locations and adapting to changing consumer trends, such as integrating digital technologies into the shopping experience, strengthens Vincom Retail's competitiveness. Additionally, the retail sector in Vietnam continues to be on a growth trajectory, supported by a growing middle class and increasing consumer spending.

Overall, Vincom Retail demonstrates solid financial performance and a strong market position, making it a potentially attractive investment, especially for investors interested in the long-term development of the Vietnamese retail market.

Dividend Yield: 3.5% (estimated for 2026)
Dividend History: Regular payouts in recent years

Vincom Retail Joint Stock Company has regularly distributed dividends to its shareholders in recent years. The dividend yield is estimated to be around 3.5% for 2026, based on the payouts of recent years and current market developments.

The reliability of Vincom Retail's dividend payments is supported by the company's stable financial performance and its leading position in the retail sector in Vietnam. The company has a solid balance sheet and demonstrates continuous growth, indicating a sustainable dividend policy.