Vingroup aims for over 6 billion USD of revenue in 2022
Vietnamese multi-sector corporation Vingroup aims for net revenue of about 140 trillion VND (6.06 billion USD) this year, an increase of 11.4 percent year on year and after-tax profit of about 6 trillion VND (260 million USD), heard the firm’s annual stakeholders’ meeting held on May 11.
Hanoi (VNA) – Vietnamese multi-sector corporationVingroup aims for net revenue of about 140 trillion VND (6.06 billion USD) thisyear, an increase of 11.4 percent year on year and after-tax profit of about 6trillion VND (260 million USD), heard the firm’s annual stakeholders’ meeting heldon May 11.
Vingroup plans to use all of its profit to invest inproduction and business activities.
According to Vingroup Chairman Pham Nhat Vuong, from nowuntil 2026, the firm will provide about 600,000 electric vehicles to the USmarket.
This year, VinFast, a member of Vingroup will introducesmart electric vehicles to the global market, and officially receive orders forthree models of VF5, VF8 and VF9.
At the same time, VinFast will continue to deliver VFe34 vehicles to customers inVietnam and prepare for the delivery of VF8 and VF9 to markets around the worldfrom the end of the year. Along with maintaining its position in the domesticmarket, VinFast aims to build its trademark in international markets in the US,Canada and Europe, said Vuong.
In the field of real estate, after three projects of VinhomesOcean Park, Vinhomes Smart City and Vinhomes Grand Park, Vingroup willintroduce three large projects in 2022 in major cities.
A report at the meeting showed that by issuing 84 million shareswith the price of 110,976 VND (4.81 USD) per share, Vingroup mobilised morethan 9.3 trillion VND (403.25 million USD)./.
VinFast Trading and Service Ltd Co, a subsidiary automaker of conglomerate Vingroup, sold 35,723 vehicles in 2021, posting a year-on-year surge of 21.2 percent despite the COVID-19 pandemic.
Vinhomes JSC was honoured as one of the top 10 property developers in Vietnam at the recent BCI Asia Awards ceremony for 2020 - 2021, the 7th straight time this company has secured the prize.
VinFast Trading and Service Limited Liability Company, a subsidiary automaker of Vietnamese conglomerate Vingroup, said on April 25 that it has chosen B-EV Motors as its electric vehicle distributor representative in Israel.
Vingroup has just announced its bond issuance on the international market in 2022, worth 525 million USD, with the offering price of 1 million USD a bond. The issue date is expected to be in May.
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Illustrative image (Source: VNA) 
