Vinhomes (VHM) Investor presentation summary

Market position and performance

• Market capitalization $15.5B as of 31 Oct 2025; residential land bank 17,280 ha, with 65% allocated to pipeline projects and capacity for ~30 years of development.

• 9M2025 adjusted revenue VND 70.4T and net profit after tax VND 15.3T; contracted sales VND 162.6T, up 96% YoY and at 108% of target.

• Unbilled sales reached VND 223.9T as of Sep 2025; 517,000 residents, 285,700 residential units presold since 2010 and 30 urban complexes.

• Residential market shares through 3Q2025: 38% of all condominiums, 38% mid-end condominiums, 36% high-end condominiums and 39% landed properties.

Vietnam market backdrop

• Government GDP growth guidance is 8.3–8.5% for 2025, with a 10% target from 2026; 9M2025 public investment disbursement was VND 440.4T, up 43% YoY.

• 9M2025 disbursed FDI reached $18.8B, up 8.5% YoY; real estate ranked second among FDI sectors, while FTSE reclassification to Secondary Emerging Market is set for Sep 2026.

• Hanoi 3Q2025 condominium launches were 10,320 units, up 20% YoY, and sales were 11,150, up 39%; average prices rose 41% YoY.

• Greater HCMC condominium launches reached 6,700 units in 3Q2025, up 1,907% YoY; market-average selling prices rose 31% YoY.

Land bank and product strategy

• Residential land reserves are over 10x the nearest competitor and 5.7x the next three combined; 53% is in the North, 33% in the South and 15% in Central Vietnam.

• Portfolio spans residential, leasing, property management, industrial development and construction; residential products range from luxury homes to social housing.

• Industrial land bank totals 1,970 ha, with a 75% occupancy rate; office portfolio totals 379,000 sqm of gross floor area.

• Integrated communities combine housing with retail, healthcare, education, transport and hospitality, alongside ESG, smart-living and transit-oriented development strategies.