As a subsidiary of Vingroup, Vinhomes benefits from strong parent company backing and operates premium integrated projects like Ocean Park and Royal Island. The company achieved record-high adjusted revenue of VND 141.8 trillion in 2024 and maintains a leading market position reinforced by multiple awards for livable projects and sustainable development.
Cyborg Score Rationale
Vinhomes demonstrated exceptional 2024 performance with record revenues, positive market recovery signals, and strong unbilled revenue pipeline (VND 138.2 trillion as of June 2025). The company significantly outperformed both the real estate industry (100% return) and broader market (32.9% return) over the past year, though operates in Vietnam's historically volatile property sector.
Top Insights
Record 2024 adjusted revenue of VND 141.8 trillion surpassed company targets amid Vietnam market recovery
Strong pipeline with VND 138.2 trillion unbilled revenue as of June 2025 provides multi-year revenue visibility
Market outperformance with 182.85% annual return far exceeds VN market (32.9%) and industry average
Subsidiary status under Vingroup provides strategic backing but requires monitoring of parent company influence
Named Competitors
FLC Group — Vietnamese real estate and hospitality developer
Novaland — Real estate developer focused on southern Vietnam
Sungroup — Diversified conglomerate with real estate operations
Recent Developments
(January 2025) Reported record-high adjusted consolidated revenue of VND 141.8 trillion for fiscal year 2024