VINCOM RETAIL JOINT STOCK COMPANY

VINCOM RETAIL JOINT STOCK COMPANY is Vietnam’s largest shopping mall operator and a core pillar of the country’s modern retail real estate sector. The company operates under the Vietnamese name CÔNG TY CỔ PHẦN VINCOM RETAIL, was established in April 2012, and has accumulated over 13 years of operating history. It is a publicly held joint stock company, listed on the Ho Chi Minh Stock Exchange (HOSE) under the ticker VRE. The company’s tax code (Business ID / TIN) is 0105850244, and its head office is located at Symphony Office Building, Chu Huy Man Street, Vinhomes Riverside Ecological Urban Area, Phuc Loi Ward, Long Bien District, Ha Noi City, Vietnam.

VINCOM RETAIL’s core business is the investment, development, and leasing of commercial centers, alongside selected real estate sales activities. Through its nationwide network of Vincom shopping malls, the company plays a central role in shaping consumer behavior, retail brand expansion, and urban lifestyle trends across Vietnam. Its portfolio spans major metropolitan areas and provincial cities, positioning the company as a strategic landlord for both international and domestic retailers, F&B operators, entertainment brands, and service providers.

From a financial standpoint, VINCOM RETAIL operates at a vast scale and with substantial capital depth. As of FY2024, total assets reached approximately USD 2.27 billion, while owner’s equity stood at USD 1.72 billion, underscoring a robust balance sheet. Although net sales declined slightly to USD 367.3 million, reflecting normalization after a strong post-pandemic rebound, profit remained high at USD 168.3 million, with substantial positive working capital of over USD 262 million. This financial profile highlights resilience, stable cash generation, and long-term asset value rather than short-term revenue volatility.

In terms of governance, the company is led by Chairwoman Tran M. H., with executive management headed by General Director Pham T. T. H., supported by Deputy General Director Nguyen D. K. VINCOM RETAIL’s shareholder base includes major domestic institutional investors, notably entities affiliated with the broader Vingroup ecosystem, reinforcing strategic alignment and access to capital.

Overall, VINCOM RETAIL JOINT STOCK COMPANY stands out as a systemically important enterprise within Vietnam’s retail and real estate landscape. Its scale, profitability, and integrated position within urban development make it a key reference for investors, lenders, tenants, and counterparties evaluating long-term exposure to Vietnam’s consumer economy.