2025 Vingroup Annual Report

RISE AND BREAKTHROUGH

ANNUAL REPORT 2025

2 VINGROUP - ANNUAL REPORT 2025 VINGROUP - ANNUAL REPORT 2025 3

Table of Contents

04 2025 Awards and Accolades 22

05 Message from the CEO 26

06 2021 - 2025 Financial and Operational Highlights 30

07 The Supervisory Board 82

08 Corporate Strategy 84

4 VINGROUP - ANNUAL REPORT 2025 CHAPTER 01 5

RISE AND BREAKTHROUGH

Vingroup has prepared a development strategy to breakthrough with clear objectives and a well-structured, disciplined implementation roadmap. The journey ahead will undoubtedly present many challenges, but the Group remains firmly committed to pursuing its goals to the very end. What sets Vingroup apart is its spirit of following through with determination, versatility, creativity, and remaining ready to adapt in order to overcome difficulties while ensuring progress and the highest standards of quality.

As the country enters a new phase of development, Vingroup is proactively expanding its business pillars as a step that reflects both its pioneering role and its sense of national responsibility. The Group chooses to take on these challenges with a spirit of dedication, contributing to the country's accelerated development in this era of transformation.

Mr. Pham Nhat Vuong

Chairman of the Board of Directors

Vingroup 2025 and Message from the CEO

Vision, mission, and Core Values

08 2025 Awards and Accolades 22

CHAPTER

01

2025 at a Glance 2025 Achievements

10 Message from the CEO 26

12 2021 - 2025 Financial and 30

Operational Highlights

8 VINGROUP - ANNUAL REPORT 2025 CHAPTER 01 9

Vision, Mission, and Core Values

2025

Rise and Breakthrough

Vision

Mission

Core Values

With the aspiration to be a pioneer and the capability to deploy sustainable investment and development strategies, Vingroup focuses on six pillars: Industrials - Technology, Real Estate Development and Services, Infrastructure, Green Energy, Culture and Social Enterprises. The Group will continue to innovate in building an ecosystem of high-quality products and services that improve the lives of all people and enhance the international reputation of Vietnamese brands.

To create a better life for people

Embracing discipline and professionalism, Vingroup strives to uphold these six core values:

Message Rise and Breakthrough is not only an aspiration

for growth but an inevitable choice amidst intensifying global competition and diminishing growth potential under traditional development models. As the advantage of low-cost labor becomes less sustainable, environmental and social standards grow increasingly stringent, and the "golden population" phase gradually passes, the need to enhance productivity, master technology, and create higher value-added output becomes ever more pressing.

For Vingroup, Rise means strengthening internal capabilities at a strategic level: making long-term investments in technology, talent, governance, and infrastructure; promoting green transformation as a foundation for sustainable growth. Breakthrough is not about short-term acceleration, but about achieving a steep change in capability and scale, built on foundations that have been tested through multiple cycles of development.

The Group focuses on selective investments in core sectors aligned with national development priorities, with an emphasis on efficiency and high-quality execution. Its six business pillars are operated in a mutually reinforcing manner,

In the Industrials - Technology pillar, the Group prioritizes projects with high technological content, enhancing capabilities in design, manufacturing, and value chain integration. In the Real Estate & Services pillar, mega projects are implemented in alignment with comprehensive master planning, aiming to form integrated urban townships that improve quality of life and create long-term growth momentum for the locals. Infrastructure projects contribute to improved connectivity and logistics capacity, facilitating the flow of goods and supporting regional economic development. In the Green Energy pillar, the Group is gradually participating in the development of power sources and energy storage solutions, contributing to energy security and the transition toward lower emissions. At the same time, activities in Culture and Social Enterprises pillars focus on supporting communities, strengthening human capital, and promoting sustainable development.

Rise is closely linked with opportunity and long-term responsibility, while Breakthrough requires strategic determination and the capability to execute at scale. Guided by this spirit, Vingroup aims to contribute to building an economy that is dynamic, resilient, and deeply

CREDIBILITY

Logo

Vingroup vigorously protects its CREDIBILITY as one would protect their honor, continuously strengthening its deployment readiness and execution competences; and spares no effort

INTEGRITY

INTEGRITY lays the foundation for Vingroup where we strictly respect and comply with all applicable laws and ethical standards, putting the interests of our customers first.

CREATIVITY

Vingroup sees CREATIVITY as its vitalizing catalyst for growth, embracing the entrepreneurial spirit to build an enterprise of constant learning.

Slogan

harnessing the collective strength of the integrated into the global landscape. Vingroup ecosystem.

Preserving the Startup Mindset

in delivering its commitments.

SPEED

Vingroup values SPEED and Efficiency as the principles of its Decision-making - "Fast to Decide, Fast to Invest, Fast to Deploy, Fast to Sell, Fast to Change, and Fast to Adapt".

QUALITY

Vingroup's commitment to high QUALITY in its operations is expressed as: "Best in People, Best in Products and Services, Best in Quality of Life, and delivering the Best in Society".

COMPASSION

Vingroup nurtures its relationships with COMPASSION, treasuring human capital as its most valuable asset and harmonizing all the stakeholders' benefits on the basis of fairness, integrity and solidarity.

The entrepreneurial mindset has been the foundation of Vingroup throughout its long history. Vingroup has always listened to its customers, cultivated creativity, embraced

Vingroup's corporate logo portrays a bird flying toward the sun, symbolizing our determination to reach higher levels of success. The V-shape of the bird's wings represents Vietnam and our national pride. It is also a symbol of Victory and

change, and created opportunities through cooperation. These practices have guided the company's growth and success.

"5-star" quality, one of our core values. Red and yellow are the colors of Vietnam's national flag, expressing our pride in the Vietnamese identity, spirit and intellect.

10 VINGROUP - ANNUAL REPORT 2025 CHAPTER 01 11

331.8

2025

at a Glance

in net revenue

02

VND TRILLION

26.4 TRILLIONVND

in profit before tax

THOUSAND ELECTRIC VEHICLES

196.9

Global deliveries

406.5 THOUSAND

Electric bikes deliveries

VND TRILLION

183.1

06

9.1

in consolidated adjusted net revenue of Vinhomes****

FIRST-CLASS LABOR ORDERS

2.6% OF VIETNAM'S

KEY BRANDS

2.3

MILLION ROOM NIGHTS

MILLION VISITORS

GDP

Vingroup and the Kind Heart Foundation received the prestigious national honor

contributed by Vingroup revenue

ranked in the Top 100 most valuable brands in Vietnam 2025*

sold at Vinpearl

to Vinwonders

#57

#37

1.2

MILLION PATIENTS

50.2

THOUSAND

Vingroup ranked among TIME's

Asia-Pacific's best companies of 2026**

Vingroup ranked among Fortune's top 500 largest enterprises in Southeast Asia***

treated at Vinmec hospitals & clinics

Vinschool students

* According to Brand Finance

** According to TIME (U.S.)

*** According to Fortune (U.S.)

**** including revenue from Vinhomes' business operations, business cooperation contracts and real estate transfers recorded in financial income

12 VINGROUP - ANNUAL REPORT 2025 CHAPTER 01 13

Các sự kiện nổi bật năm 2025

1

Vingroup khẳng định Năm 2025, Vingroup tiếp tục khẳng công nghiệp - đô thị. Sang tháng 12

vai trò doanh nghiệp định vai trò doanh nghiệp tiên phong năm 22002255, ,ViVnignrgoruopuptiếptiếtpục tgụócp gmóặpt

đồng hành cùng Chính phủ Việt Nam mvớặi tđviểớmi đciểầumtrcuầnug ttrâumngtạtiâKmhutạđi ôKthhuị

tư nhân tiên phong, trong tiến trình kiến tạo đất nước tĐhôể tthhịaTohểOltyhmaopiQcutốrocntgế cHhàưNơnộigtrtorìngh

tham gia kiến tạo thông qua việc triển khai các dự án cLễhưkơhnởgi ctôrìnngh, kLhễánkhhởthi àcnôhn, gth, ôknhgánxeh

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được khởi động và mnăừmngG5iả0i npăhmónGgiảmi ipềhnóNngammi-ềnThNốanmg phạháttầntrgiểknếđt ônốthi,ị,nhăạntgầnlưgợknếgt tnáối it,ạnoănvgà

khánh thành thuộc nhiều -nhTấhtốđnấgt nưhớấtcđđấưtợncưtớổcchđứưcợcđồtổngclhoứạct lcưôợnnggntgáihtiạệop.và công nghiệp.

nhóm lĩnh vực trọng yếu đtrồêngphloạạmt vtriêcnả pnưhớạmc vvới đciảểmnưcớầcuvtớại

đKhiểumđcôầtuhtịạdi uKhlịucđhôlấtnhịbdiuểnlịcChầlnấnGbiờiển- Bên cạnh các hoạt động nêu trên, CViầnnhoGmiờe-s VGirneheonmPeasraGdriese.n Paradise. trong năm 2025, Vingroup cũng thúc

đẩy triển khai thêm nhiều dự án trọng Tháng 08 năm 2025, Tập đoàn tham điểm khác - tiêu biểu gồm Vinhomes gia chương trình Lễ khánh thành, Wonder City, Vinhomes Green City, khởi công 250 dự án, công trình chào Vinhomes Golden City, Vinhomes mừng kỷ niệm 80 năm Quốc khánh Green PPaararaddisisee, ,dựdựánáLnànLgàVnâgn V-âqnu,…a trên phạm vi cả nước, với điểm cầu đ- óquđaónđgó gđóópngthgêómp ctáhcêm"mcũáicnh"mọnũ"i trung tâm tại Trung tâm Triển lãm Việt tnăhnọgn"trtưăởnnggt,rưcởủng, cốủnđgộcnốg đlựộcngphlựáct Nam của Vingroup cùng lúc với năm tprhiểánt tcrihểon cáhco cđáịac bđàịanbtàrọnntgrọnđgiểđmiểvmà dự án được triển khai trong hệ sinh hvàỗhtỗrợtrmợ mụcụctiêtiuêupphhátátttrriểiểnnbbềềnn vững thái tại nhiều địa phương, trải rộng của quốc gia.

từ hạ tầng triển lãm, giao thông đến

2025 Achievements

Vingroup expanded into three new business pillars: Infrastructure, Green Energy, and Culture.

1

Vingroup reinforces its role as a pioneering private enterprise

contributing to national development

Vingroup made its mark with

18 PROJECTS

across several strategic sectors

In 2025, Vingroup continued to affirm its role as a pioneering private enterprise working alongside the Government of Vietnam in the nation-building process through the implementation of large-scale projects with foundational and cross-sector impact.

In April 2025, the Group participated in the nationwide program for the groundbreaking and inauguration of projects commemorating the 50th anniversary of the Liberation of the South and National Reunification, with the central site at the Can Gio coastal tourism urban project - Vinhomes Green Paradise. In August 2025, the Group participated in the national program marking the inauguration and groundbreaking of 250 projects celebrating the 80th anniversary of Vietnam's National Day. The central ceremony took place at the Vietnam Exhibition Center developed by Vingroup, alongside five projects within the Group's ecosystem launched simultaneouslyacross multiple localities, spanning exhibition infrastructure,

transportation, and industrial-urban development. In December 2025, Vingroup hosted the central venue at the Hanoi International Sports Urban Area during the nationwide program to launch, inaugurate, and conduct technical openings for 234 key projects in celebration of the 14th National Congress of the Communist Party of Vietnam. On this occasion, the Group also made its mark with 10 additional projects across several strategic sectors, including urban development, connectivity infrastructure, renewable energy, and industry.

In addition to these initiatives, throughout 2025 Vingroup advanced the development of several other major projects - notably Vinhomes Wonder City, Vinhomes Green City, Vinhomes Golden City, Vinhomes Green Paradise, and the Van Village project - thereby contributing new growth drivers, strengthening development momentum in key regions, and supporting the country's long-term sustainable development goals.

2

Vingroup expands into three new business pillars, strengthening the foundations for its

aspiration to contributing to nation-building

In line with its commitment to supporting the country's longterm growth drivers, 2025 marked a strategic milestone as Vingroup officially expanded into three new business pillars: Infrastructure, Green Energy, and Culture. These sectors are fundamental to enhancing national competitiveness while creating sustainable development opportunities as Vietnam enters a new era of rising.

In the Infrastructure pillar, Vingroup focuses on participating in large-scale high-speed railway projects, contributing to stronger connectivity and opening up new development spaces for key economic regions.

Under the Green Energy pillar, the Group is developing renewable energy projects alongside energy storage solutions, addressing core

challenges of the energy transition: expanding clean power supply, stabilizing the power system, and improving grid reliability amid rapidly growing electricity demand.

At the same time, the Culture pillar reflects an additional development approach, emphasizing the strengthening of soft power and the preservation of national identity.

The establishment of these three new pillars underscores Vingroup's long-term vision: not only to grow its businesses but also to help build the country's foundational infrastructure, energy,and cultural platforms- thereby making meaningful contributions to sustainable growth and enhancing Vietnam's competitiveness in its next stage of development.

14 VINGROUP - ANNUAL REPORT 2025 CHAPTER 01 15

2025 Achievements

3

VinFast achieves strong delivieries growth, reinforcing its leadership in Vietnam's automobile market

VinFast delivered

In 2025, VinFast marked a significant growth milestone with nearly 200 thousand electric vehicles (EVs) delivered globally, including more than 175 thousand vehicles delivered to customers in Vietnam - setting a new benchmark for sales in the domestic market. Notably, the VF 3, VF 5, Limo Green, and VF 6 were not only the four best-selling

Alongside these business results, the rapid growth of EVs in Vietnam reflects the market's strong shift toward green mobility, in line with the country's roadmap toward achieving net-zero emissions by 2050.

On the international front, in 2025 VinFast accelerated sales and after-sales activities in key markets

4

Limo Green emerges as a new phenomenon in Vietnam's automobile market

~200

globally

THOUSAND ELECTRIC VEHICLES

models in VinFast's portfolio, but also the four best-selling models in the overall market. VinFast also maintained the number one position in domestic automobile deliveries for 15 consecutive months, widening its lead over international brands and increasing its market share to over 30% in 2025.

across Asia, while inaugurating manufacturing facilities in Vung Ang (Ha Tinh), Tamil Nadu (India), and Subang (Indonesia). The expansion of its manufacturing footprint not only strengthens supply capacity but also reaffirms VinFast's long-term commitment to advancing the green transition across multiple markets.

Limo Green achieved deliveries of

27,000+

UNITS

Following the success of the VF 3 in 2024, the year 2025 marked the emergence of Limo Green and other Green series models dedicated to commercial transportation services. These vehicles meet key requirements for optimized operating costs, high durability, and environmentally friendly performance.

From launch, the Green series recorded strong market reception and secured substantial orders from transport companies, taxi operators, and shuttle service providers. In 2025, Limo Green achieved deliveries of more than 27 thousand units, making it the best-selling MPV in Vietnam.

The year 2025 marked the emergence of Limo Green and other Green series models

16 VINGROUP - ANNUAL REPORT 2025 CHAPTER 01 17

2025 Achievements

5

Vinhomes sets sales record with major key projects

183.1

Vinhomes recorded total sales of

VND TRILLION

the highest in the company's history

Alongside its strategy of helping build the foundations for national development, Vinhomes continued to affirm its role as a leading force in Vietnam's real estate market in 2025 with the launch of four large-scale projects: Vinhomes Wonder City, Vinhomes Green City, Vinhomes Golden City, and Vinhomes Green Paradise. These developments are planned as integrated urban townships with synchronized infrastructure, amenities, and green spaces, serving as new growth hubs in key regions. Among them, Vinhomes Green Paradise stands out as a project positioned under the ESG++ standard (Environment - Social - Governance -Regeneration - Smart), incorporating green planning solutions, energy efficiency, water management, and sustainable community development from the design stage. The project is also developed following a Transit-Oriented Development (TOD) model, prioritizing public transport and lower emissions. In addition, Vinhomes Green Paradise is aligned with the

the sustainability of urban master planning across environmental, infrastructure, social, and governance dimensions. The project has also applied to become a participant in the global 7 Wonders of Future Cities campaign, launched by the New7Wonders organization.

Driven by a product strategy aligned with genuine housing demand and the trend toward sustainable urbanization, Vinhomes recorded total sales of VND 183.1 trillion in 2025 - the highest in the company's history and nearly double that of 2024.

Alongside its large commercial urban developments, Vinhomes has also actively advanced social housing projects in Nam Trang Cat (Hai Phong) and Pho Hien (Hung Yen), aiming to expand homeownership opportunities for workers and young families. These projects are planned with synchronized infrastructure and essential amenities, reflecting the company's commitment to addressing

6

Inauguration of the Vietnam Exposition Center and successfully hosting large-scale events

VEC successfully hosted the Socio-Economic Achievements Exhibition

BREEAM Communities standard - an international framework that assesses

housing needs while promoting inclusive urban development.

The largest exhibition ever held in the country featuring 110 ENTERPRISES

230

EXHIBITION BOOTHS

In August 2025, Vingroup completed and officially put into operation the Vietnam Exposition Center (VEC) -the largest exhibition, trade fair, and event complex in Southeast Asia. The project was constructed and completed in a record time of just 10 months. Inspired by the legendary Golden Turtle (Kim Quy), the complex features the world's largest steel dome roof, establishing a strategic exhibition infrastructure that enhances Vietnam's capacity to host large-scale international events.

Shortly after its inauguration, VEC successfully hosted the Socio-Economic Achievements Exhibition themed 80-Year Journey of

Independence - Freedom - Happiness in celebration of Vietnam's National Day. This was the largest exhibition ever held in the country, featuring the participation of all 28 central ministries and agencies, 34 provinces and cities, and more than 110 major enterprises and economic groups, with over 230 exhibition booths occupying the entire VEC complex. The event attracted significant public interest, drawing more than 10 million visitors. Following this event, VEC continued to host major programs such as the Autumn Fair 2025 and the Spring Fair 2026, opening a vibrant journey of shopping and cultural experiences for visitors.

18 VINGROUP - ANNUAL REPORT 2025 CHAPTER 01 19

2025 Achievements

7

Vinpearl leading Vietnam's tourism

2.3

Room nights sold reached

MILLION NIGHTS

The number of visitors to the VinWonders

9.1

amusement parks totaled

MILLION VISITS

In 2025, Vinpearl continued to reinforce its pioneering role in the tourism and hospitality industry, remaining committed to its strategy of developing festival destinations and a world-class service ecosystem. With a long-term vision and strong product development capabilities, Vinpearl not only elevated the travel experience for visitors but also helped stimulate new demand, contributing to the recovery and growth momentum of Vietnam's tourism sector.

This progress is reflected in a 21% increase in room nights sold across its accommodation system, reaching nearly 2.3 million nights. At the same time, the number of visitors to the VinWonders amusement parks rose by 17%, totaling 9.1 million visits. Vinpearl's super clusters in Phu Quoc and Nha Trang continued to demonstrate the success of the "all-in-one" multi-experience model, flexibly meeting the needs of diverse customer segments while reinforcing Vinpearl's position as a leading brand that helps elevate Vietnam's tourism profile on the global stage.

8

Technology companies record significant progress in humanoid robotics development

VinMotion introduced the Motion 1 prototype after

03 MONTHS

of research

90%+

VinRobotics mastered

CORE TECHNOLOGIES

for humanoid robots under a full/ native-stack development approach

In 2025, VinMotion introduced the Motion 1 prototype, the first "Made in Vietnam" humanoid robot developed in just three months of research, marking a significant milestone for Vingroup in advanced technology and raising expectations for Vietnam's participation in the global robotics race. The Motion 1 prototype was first demonstrated at the Group's anniversary event and later showcased at the 80th anniversary of Vietnam's National Day, attracting attention from the technology community and reaffirming Vingroup's long-term investment orientation in science and technology. With notable technological advancements, Motion 1 was honored at Tech Awards 2025, recognizing VinMotion's contributions to promoting Vietnam's technology ecosystem and innovation landscape. Toward the end of 2025, VinMotion introduced Motion 2, the next-generation humanoid prototype featuring improvements in mobility and full-body control, with a target for mass production by the end of 2026. At the Consumer Electronics Show (CES) 2026, Motion 2 made a strong impression and received positive feedback from visitors.

Another company in the Technology segment, VinRobotics, also achieved a major breakthrough by mastering more than 90% of the core technologies for humanoid robots under a full/native-stack development approach - from mechanical and electric - electronic hardware to control software and AI systems. The company has integrated the first five industrial robot prototypes developed in Vietnam and registered eight patents in Vietnam and the United States. Equipped with more than 30 real-time precision-controlled control motors, VinRobotics'' robots demonstrate flexible movement approaching human speed, can perform multiple tasks, and gradually narrow the technology gap with leading global robotics companies. Alongside technology development, VinRobotics has optimized design and supply chain processes, reducing bill-of-materials (BOM) costs by more than 50%, laying the foundation for large-scale manufacturing with cost competitiveness.

20 VINGROUP - ANNUAL REPORT 2025 CHAPTER 01 21

2025 Achievements

9

10

Vinmec maintains high medical standards with internationally recognized achievements

In 2025, Vinmec achieved numerous notable milestones in healthcare, highlighted by several complex surgeries and treatments. Vinmec successfully performed a liver transplant for an eight-month-old patient suffering from end-stage cirrhosis caused by congenital biliary atresia, using a liver from a brain-dead donor. This procedure demonstrated Vinmec's high level of medical expertise as well as its ability to coordinate complex organ transplant operations in a professional and integrated manner. Vinmec Central Park also successfully treated drug-resistant epilepsy in a nine-year-old boy using the AutoGuide robot navigation system, becoming the first hospital in Vietnam to perform this advanced procedure. In another remarkable case,

Vinmec's medical team preserved the legs of a seven-year-old patient through personalized 3D printing technology. The patient became the youngest in Vietnam to undergo a full femur replacement using individualized 3D-printed technology to preserve the limb, offering new hope for thousands of children suffering from bone cancer.

Beyond its medical achievements, Vinmec expanded its presence with the grand opening of Vinmec Can Tho International General Hospital and three new clinics at Vinhomes Ocean Park 2, Vinhomes Royal Island, and Vinhomes Grand Park, bringing its nationwide network to nine hospitals and seven clinics.

Vinschool reinforces the value of its educational offerings

56 CAMPUSES

nationwide

50.2

Nurturing

THOUSAND STUDENTS

In 2025, Vinschool achieved significant milestones in both expanding its network and enhancing the quality of education. With the launch of two new campuses in Hung Yen and Ho Chi Minh City (HCMC), Vinschool's system grew an impressive total of 56 campuses nationwide, accommodating approximately 50.2 thousand students.

Alongside its expansion, Vinschool achieved encouraging educational outcomes. The university admission

results for the 2025-2026 academic year once again reflected the academic capability and sustained efforts of Vinschool's Grade 12 students. Nearly 80% of graduates enrolled in leading universities in Vietnam and abroad, while many received offers from top global institutions in the U.S., Canada, the UK and Australia. Notably, many students were awarded full scholarships from prestigious university groups such as the Ivy League, Russell Group, and Group of Eight (G8).

22 VINGROUP - ANNUAL REPORT 2025 CHAPTER 01 23

2025 Awards and Accolades

VINGROUP

TOP 10 VIETNAMESE

EXCELLENT BRANDS 2025

VIETNAM ECONOMIC MAGAZINES

On October 02, 2025, Vietnam economic journal, VnEconomy, and Vietnam Economic Times recognized Vingroup as one of the Top 10 Vietnamese Excellent Brands 2025. These brands honored showcased

outstanding achievements in

trade and services, while actively promoting green investment and sustainable development. At the same time, they have made meaningful contributions to community and local development, supporting Vietnam's goal of achieving strong economic

VINGROUP AND THE KIND HEART FOUNDATION WERE HONORED TO RECEIVE

TWO FIRST-CLASS LABOR ORDERS

VINGROUP

TOP 40 ENTERPRISES IN SOUTHEAST ASIA

FORTUNE MAGAZINE

VINGROUP

THE LARGEST PRIVATE ENTERPRISE IN VIETNAM

VIETNAM REPORT

In 2025, Vingroup was honored to receive the First-Class Labor Order in recognition of its outstanding achievements in organizing and implementing the construction of the Vietnam Exposition Center. This prestigious award acknowledges the breakthrough efforts and strong determination of Vingroup's employees in completing and bringing the National Exhibition and Convention Center into operation 15 months ahead of

In its second year evaluation of the 500 largest enterprises in Southeast Asia (Southeast Asia 500), Fortune magazine (U.S.) continued to honor Vingroup as the leading private enterprise in Vietnam, ranking it 37th

Vingroup continued to maintain its leading position among the Top 500 largest private enterprises in Vietnam and ranked fourth in the Top 500 largest enterprises in Vietnam, according to the ranking by Vietnam Report. The

schedule, in celebration of the 80th anniversary of Vietnam's National Day, while making a significant contribution to the socio-economic development of Hanoi and the country. At the same time, Vingroup's Kind Heart Foundation was also awarded the First-Class Labor Order, recognizing its long-standing philanthropic journey supporting millions of disadvantaged individuals and promoting sustainable progress for the community.*

on the list, up eight places compared to the previous year. This recognition reflects not only Vingroup's asset size but also its strong financial indicators and business performance.

Vietnam Report 500 (VNR500) list, akin to the Fortune500, follows independent criteria and evaluation methods based on international standards, and has been published annually since 2007.

VINGROUP

TOP 1,000 WORLD'S BEST COMPANIES

TIME MAGAZINE

VINFAST

TOP 200 ASIA-PACIFIC'S BEST COMPANIES OF 2025

TIME MAGAZINE

production, business performance,

Vingroup has been honored as one of the World's Best Companies in 2025 by TIME magazine (U.S.). The World's Best Companies 2025 ranking, compiled by TIME in collaboration with global data firm Statista, evaluates businesses on three key criteria: revenue growth, employee satisfaction, and in-depth analysis of sustainability (ESG). Vingroup, as the first Vietnamese enterprise

In 2025, TIME magazine (U.S.) announced the list of Asia-Pacific's Best Companies of 2025. VinFast ranked 101st among 500 companies, outperformed numerous established automotive brands and stands as the sole Vietnamese company

growth this year and in the years ahead.

to meet the rigorous selection standards, demonstrated a strong performance across all three metrics. The conglomerate secured the 817th position among the top 1,000 companies worldwide, solidifying its reputation and standing on the international stage.

in the Top 200. This accolade places VinFast among the firms shaping the region's role in global business, underscoring its increasing impact to the Asia-Pacific's sustainable economic and social development.

*For further details, please refer to the Sustainable development chapter - Sustainability highlights in 2025 section - Page 190.

24 VINGROUP - ANNUAL REPORT 2025 CHAPTER 01 25

2025 Awards and Accolades

VINFAST

VINFAST SOLIDIFIES ITS REPUTATION AND PRODUCT QUALITY THROUGH A SERIES OF PRESTIGIOUS AWARDS

In 2025, VinFast continued to reinforce its position as a global smart EV brand, earning recognition at numerous prestigious awards across international markets. In Indonesia, VinFast received nine major awards, including four titles at the Indonesia International Motor Show Surabaya 2025, two awards at the Road to CNBC Indonesia Awards 2025, as well as additional honors at the Carvaganza Editors' Choice Awards, Kumparan Awards: Impact Makers 2025, and the Detikcom Awards 2025.

In the Philippines, VinFast has been honored at the 2025 Legacy Awards for Business in the category of Excellence

in Strategic Mobility Innovation. In India, the company won seven major awards for its VF 6 and VF 7 models, notably including EV Manufacturer of the Year and EV Disruptor of the Year for the VF 7, along with several other recognitions.

In the domestic market, VinFast was honored at the Better Choice Awards 2025 with awards recognizing its outstanding brand and products. At the same time, the company made a strong mark at the APAC Effie Awards by becoming the first Vietnamese brand to win a Gold Award in the Asia-Pacific region.

VINPEARL

VINPEARL BECOMES THE STRONGEST BRAND IN SOUTHEAST ASIA

In 2025, Vinpearl was ranked the strongest brand in Southeast Asia by Brand Finance, marking a significant advancement in reputation and competitiveness as it surpassed many major regional names, achieving a Brand Strength Index (BSI) of 97.5/100 and an AAA+ rating. In the same year, Vinpearl also received recognition from reputable domestic and international organizations, winning two awards at the Vietnam Tourism Awards 2025, organized under the direction of the Ministry of Culture, Sports and Tourism of Vietnam including Best Golf Course Serving Tourists - Vinpearl Golf Nha Trang and Best 5-Star Hotel - Vinpearl

Resort & Spa Ha Long. At the same time, several Vinpearl destinations and accommodations were also honored in international rankings, including VinWonders Nha Trang being listed in the Global 100 Family-friendly Attractions, Vinpearl Resort & Spa Nha Trang Bay being named among the Asia Top 100 Family Hotels by Trip.com Group, and Vinpearl Wonderworld Phu Quoc receiving the Trip.Best 2025 - Luxury Hotel title. These recognitions affirm Vinpearl's efforts to elevate service standards, diversify its offerings, and promote sustainable tourism.

VINHOMES

VINHOMES RECOGNIZED AT REGIONAL AWARDS, REAFFIRMING ITS MARKET LEADERSHIP

In 2025, Vinhomes continued to make its mark at prestigious regional awards, being honored the Corporate Excellence Award in Asia at the Asia Pacific Enterprise Awards 2025 -the second time it has received this title. The recognition reflects the company's strong performance based on business results, operational strategy, corporate social responsibility, leadership capability, and talent management. At the

same time, Vinhomes was awarded Developer of the Year 2025 at the Dot Property Southeast Asia Awards 2025, becoming the first Vietnamese company to receive this distinction. The award reaffirms Vinhomes' pioneering role in developing modern urban areas, enhancing quality of life, and promoting sustainable development standards for the Southeast Asian real estate market.

VINMEC

VINMEC EXCELS IN PROFESSIONAL EXPERTISE

At the Healthcare Asia Awards 2025, Vinmec became the first healthcare brand in Vietnam to be honored in two categories: Hospital Group of the Year and Technology Innovation of the Year. This prestigious annual award recognizes outstanding healthcare systems, hospitals, and healthcare service providers across Asia.

At the same time, the Clinical Immunology and Allergy Center under the Vinmec Healthcare System was recognized as a Center of Excellence by the World Allergy Organization

(WAO). In addition, the Center received the Excellence Award in the Clinical Effectiveness Improvement category at the Hospital Management Asia 2025. This marks the first time a medical institution in Vietnam has been recognized by the WAO and received this prestigious distinction, reaffirming Vinmec's progress in bringing the country's field of Clinical Immunology and Allergy closer to international standards and marking a new milestone for Vietnam's healthcare sector.

*For further details, please refer to the Sustainable development chapter - Sustainability highlights in 2025 section - Page 190.

26 VINGROUP - ANNUAL REPORT 2025 CHAPTER 01 27

Message from the CEO

2025 was not only a year of business growth but also a year in which Vingroup further affirmed its role as a pioneering private enterprise contributing to the creation of key foundations for the future.

MR. NGUYEN VIET QUANG

Vice Chairman cum Chief Executive Officer

Dear Valued Shareholders,

On behalf of Vingroup's Board of Directors and Management, I would like to send you my warmest greetings and best wishes for health, happiness and success!

Ladies and gentlemen,

2025 marked an important milestone in Vingroup's development journey. Amid continued global economic volatility driven by geopolitical conflicts, inflationary pressures, and the challenges of climate change, Vietnam maintained positive growth momentum with strong reforms in institutional frameworks and the investment environment. This context presents both an opportunity and a test of businesses'' adaptability and strategic vision.

Against this backdrop, Vingroup chose to move forward with a pioneering spirit and a strong sense of responsibility. Rather than scaling back or delaying major decisions, the Group continued to invest heavily in foundational sectors closely linked to the country's long-term development structure. As such, 2025 was not only a year of business growth but also a year in which Vingroup further affirmed its role as a pioneering private enterprise contributing to the creation of key foundations for the future.

In the Industrials - Technology pillar, VinFast continued to achieve significant milestones by officially establishing its leading position in the Vietnam automobile market for several consecutive months. Over the past year, VinFast achieved domestic delivery of more than 175 thousand automobiles, breaking previous sales records in Vietnam's automotive industry. On a global scale, the company recorded sales of nearly 200 thousand EVs and more than 400 thousand e-scooters and e-bikes, demonstrating the rapid expansion of its green mobility ecosystem.

Alongside sales growth, VinFast continued to expand its manufacturing capacity by bringing into operation three new factories in Vietnam, Indonesia and India, contributing to the completion of its supply chain and strengthening its presence in key Asian markets. In 2025, VinFast also launched six new vehicle models, ranging from the Green series for sustainable transportation to the ultra-luxury - Lac Hong, reflecting the Group's increasingly advanced research and product development capabilities. In the Real Estate & Services pillar, Vinhomes remained a core pillar with its strategy of developing large-scale urban megacities aligned with ESG standards. Total sales of Vinhomes in the year reached approximately VND 183.1 trillion,

28 VINGROUP - ANNUAL REPORT 2025 CHAPTER 01 29

a strong increase compared to the previous year, further reinforcing its market-leading position.

One of the most notable highlights was the Vinhomes Green Paradise project in Can Gio -a large-scale coastal megacity planned under the ESG++ model (Environmental - Social - Governance - Regeneration - Smart) and oriented toward Transit-Oriented Development (TOD). The project aims to operate on renewable energy while integrating ecological, technological and smart governance elements, laying the foundation for a new-generation, sustainable urban model in Vietnam.

Alongside Vinhomes, the Group's services ecosystem continued to expand strongly. Vinpearl strengthened its position as a leading tourism and hospitality brand, further developing its super-cluster model at key destinations, thereby enhancing Vietnam's tourism experience and improving the sector's international competitiveness. Meanwhile, Vincom Retail continued to develop next-generation shopping mall models. Service segments across the ecosystem are increasingly interconnected, creating synergy and enhancing customer experiences.

The year 2025 also marked an important shift in Vingroup's structure as the Group officially added three new strategic pillars: Infrastructure, Green Energy and Culture.

In the Infrastructure sector, VinSpeed began implementing two of the first high-speed railway projects invested by a private enterprise, including the Ben Thanh - Can Gio metro line and the Ha Noi - Quang Ninh railway. These projects are expected to improve regional connectivity, promote new economic hubs, and strengthen national infrastructure capacity.

In the Energy sector, VinEnergo is developing large-scale renewable energy projects and building a project portfolio targeting dozens of gigawatts of total capacity across multiple countries.

In the materials industry, VinMetal is implementing a high-tech steel complex with a multi-phase development roadmap aimed at strengthening the autonomy of Vietnam's metallurgical industrial supply chain.

In parallel, Vingroup continued to invest in national landmark infrastructure projects. The Vietnam Exposition Center, one of the region's largest exhibition complexes, has been put into operation, contributing to Vietnam's capacity for hosting large-scale events and promoting international trade.

These initiatives demonstrate Vingroup's clear strategic direction as it expands from a diversified conglomerate into an enterprise actively contributing to the creation of long-term development foundations for the national economy.

Alongside business growth, Vingroup continued to strongly implement its social responsibility commitments. In 2025, the Group allocated approximately VND 2.5 trillion to charitable and social welfare activities. Programs led by the Kind Heart Foundation and other community initiatives were widely implemented, providing timely support to disadvantaged communities while promoting education, healthcare and environmental protection.

At the same time, the Group continued to advance its human-centric sustainable development philosophy through initiatives in culture, education and healthcare. New projects in the cultural industries, education and healthcare sectors have further strengthened the community-oriented ecosystem that Vingroup continues to pursue.

Dear Valued Shareholders,

The efforts made in 2025 delivered positive financial results for Vingroup. The Group's consolidated revenue reached VND 331.8 trillion, representing 76% growth compared with 2024, while profit after tax reached VND 11.1 trillion, exceeding the plan approved at the AGM. The stock market also recorded a strong increase in the value of VIC, bringing Vingroup's market capitalization to over VND 1 quadrillion, reflecting investors' confidence in the Group's long-term strategy. The year 2025 also witnessed the listing of Vinpearl shares, enabling Vinpearl to access new capital funding avenues and reinforced its governance standards as a listed company.

Entering 2026, Vingroup moves into a new phase of development with the spirit of Rise and Breakthrough. Rising requires a solid internal foundation, a long-term vision, and the ability to seize opportunities in the context of rapidly changing global economic conditions. Breaking-through requires disciplined execution, rapid implementation, and a scale of action large enough to create meaningful change.

The achievements of 2025 demonstrate that Vingroup is ready for its next stage of development - one in which business growth

is closely linked with the responsibility of building essential foundations for the economy and society.

On behalf of the Board of Directors and the Management, I would like to sincerely thank our shareholders for their continued trust, our partners for their continued cooperation, and our employees for their continued dedication and efforts. We remain committed to developing Vingroup on the basis of discipline, innovation, and long-term responsibility, while accompanying the country in strengthening competitiveness, promoting the green transition, and moving toward a more prosperous and sustainable future.

I wish you the best of health, happiness, and success!

Yours sincerely!

Vice Chairman

cum Chief Executive Officer

NGUYEN VIET QUANG

30 VINGROUP - ANNUAL REPORT 2025 CHAPTER 01 31

2021 - 2025 Financial and Operational Highlights

Vinfast automobile &

e-scooters performance

(thousand units)

ICE vehicles

EVs

36

2021 42

2022

24

60

2023

35

Net revenue*

(VND trillion)

Recurring revenue

Revenue from sales of inventory properties

* Revenue for the years does not include revenue from the leasing of investment properties and the provision of related services. In 2024, Vincom Retail is no longer a subsidiary of Vingroup Joint Stock Company.

Total assets

(VND trillion)

2021

2022

2023

2024

2025

2021

2022

2023

2024

46.9

67.1

125.7

46.2

95.9

151.1

101.8

428.4

161.4

189.1

577.4

667.7

836.6

331.8

e-bikes

VinFast ceased production of ICE vehicles and became an all-electric OEM in 2022.

Number of hotel room nights sold across the Vinpearl system

(million nights)

2024

2025

72

97

71

197

406

2025 1,118.6

32 VINGROUP - ANNUAL REPORT 2025 CHAPTER 01 33

Key Locations

Canada

Vingroup's extensive network of business operations covers prime locations throughout Vietnam. As of December 31, 2025, Vingroup and its subsidiaries conduct operatios in all of Vietnam's 34 cities and provinces.

the U.S

France

Germany

United Arab Emirates

Oman

India

Indonesia

Vietnam

the Philippines

In 2026, the Group will continue to expand its operations internationally with VinFast EVs and e-bikes as its core business product entering key markets in Asia including Indonesia, the Philippines, India, and the Middle East.

Notes:

Market VinFast 1 Vinpearl2 Vinhomes VinUniversity Vinmec Vinschool

Markets with presence of VinFast manufacturing plants

Other markets Notes:

1. Including VinFast 1S, 2S, 3S showrooms, authorized dealers and manufacturing complex

2. Including Vinpearl Golf, F&B center, amusement parks, entertainment centers, water parks, equestrian academy, and edutainment complexes

About Vingroup

CHAPTER

02

About Vingroup 36

Corporate Milestones 44

Businesses 48

Corporate Structure 76

Board of Directors 78

Management 80

The Supervisory Board 82

Corporate Strategy 84

36 VINGROUP - ANNUAL REPORT 2025 CHAPTER 02 37

About Vingroup

In each of its business segments, Vingroup is a market leader, affirming its position, anticipating trends and creating Vietnamese products and services that meet the highest international standards.

Vingroup Profile

Contact

INDUSTRIALS TECHNOLOGY

1

SOCIAL ENTERPRISES

6

2

REAL ESTATE SERVICES

SIX CORE PILLARS

CULTURE 5

3 INFRASTRUCTURE

4

GREEN ENERGY

Vingroup Joint Stock Company (referred to as "Vingroup" or "the Group") is among the largest listed companies in Vietnam as measured by market capitalization.

Vingroup, formerly known as Technocom Corporation, was founded in 1993 in Ukraine. In the early 2000s, Vingroup started in Vietnam with two key brands: Vincom and Vinpearl. In January 2012, Vinpearl JSC merged with Vincom JSC to form Vingroup Joint Stock Company. Vingroup focuses on six core pillars:

• Industrials - Technology

• Infrastructure

• Culture

• Real Estate and Services

• Green Energy

• Social Enterprises

In the country's new stage of development, the Group is committed to continuing its active contributions as a pioneering private enterprise, accompanying and supporting the process of socio-economic transformation and development.

38 VINGROUP - ANNUAL REPORT 2025 CHAPTER 02 39

The Vingroup Ecosystem

1

Industrials -Technology

VINFAST

A pure-play EV manufacturer with the mission of making EVs accessible to everyone

VINMETAL

Developing high-tech steel solutions to drive a sustainable future

VINSMART FUTURE

Deploying and operating the entire integrated software and digital infrastructure system

VINSOC

Implementing governance and operations for cybersecurity across the Vingroup ecosystem

VINCSS

Provider of Comprehensive Cybersecurity Services and strong passwordless authentication solutions

VINROBOTICS

Research, design, manufacture, and integration of smart humanoid and industrial robot solutions

VINMOTION

Research and development of robotics technology

VINDYNAMICS

Research and development of humanoid robots

VINSPACE

Research and manufacturing of small satellite constellations

40 VINGROUP - ANNUAL REPORT 2025 CHAPTER 02 41

The Vingroup Ecosystem

2

Real estate development and services

VINHOMES

Premium apartments, villas and shophouses

VINHOMES SERVICED RESIDENCES

Premium serviced apartments and villas

VINHOMES OFFICE LEASING

Premium offices

VINHOMES IZ (VHIZ)

Industrial real estate

VINPEARL

Premium resorts and hotels

VINWONDERS

The leading entertainment and leisure brand in Vietnam

VINPEARL GOLF

World-class golf courses

VIN NEW HORIZON

A premium international-standard retirement and nursing service chain in Vietnam

VINCOM RETAIL

Vietnam's all-in-one shopping paradise

VEFAC

Vietnam's leading organizer and venue and service provider for exhibitions and events

42 VINGROUP - ANNUAL REPORT 2025 CHAPTER 02 43

The Vingroup Ecosystem

4 Green Energy

VINENERGO

Developer and provider of smart, sustainable energy solutions

V-FILM

Film and television production and distribution

V-SPIRIT

Event organization and management

VINSCHOOL

High-quality K-12 education

VINUNIVERSITY

A university of excellence - developing talents for the future

VINBUS

Modern green public transport in Vietnam

44 VINGROUP - ANNUAL REPORT 2025 CHAPTER 02 45

Corporate milestones

1993 - 2001

• Founded Technocom (predecessor of Vingroup) in Ukraine

  2001

• Vinpearl JSC (formerly Hon Tre Tourism and Trading Limited Liability Company) established on July 25, 2001

  2002

• Vincom JSC (formerly Vietnam General Commercial JSC) founded on May 03, 2002

  2003

• Vinpearl Nha Trang, a five-star resort, opens to guests

  2004

• Vincom Center Ba Trieu opens as the first modern retail mall in Hanoi

  2006

• Vinpearl Land Nha Trang opens, turning Hon Tre Island into a luxury tourist destination

  2007

• Vinpearl launches 3,320-meter-long cable car connecting Hon Tre Island to the mainland and opens an additional hotel within Vinpearl Resort Nha Trang

• Listed on Ho Chi Minh Stock Exchange with ticker symbol VIC

  2008

• Vingroup becomes the first Vietnamese real estate company selected for inclusion in the Russell Global Index

  2009

• Vincom becomes first Vietnamese company to issue USD 100 million of convertible bonds on the Singapore Exchange (SGX)

  2010

• Vincom Center Dong Khoi opens in Ho Chi Minh City

• The Group commences pre-sales of apartments in Vinhomes Royal City Hanoi

  2011

• Vinpearl Luxury Nha Trang, a five-star resort, and Vinpearl Golf Club - Nha Trang, the first island golf course in Vietnam, open simultaneously

• Vinpearl Da Nang Resort & Villas opens, now known as Danang Marriott Resort & Spa

  2012

• Vincom JSC merges with Vinpearl JSC and increases total charter capital to VND 5.5 trillion. The Group operates under the new name Vingroup Joint Stock Company

• Vingroup introduces the Vinmec healthcare brand and opens the Vinmec International Hospital at Vinhomes Times City

  2013

  
  
  

  • Vingroup becomes a Foundation Member of the World Economic Forum

  • Vinschool is established and launches education offerings ranging from kindergarten to high school

  • A consortium led by Warburg Pincus invests USD 200 million in a strategic partnership with Vincom Retail. Warburg Pincus invests an additional USD 100 million in Vincom Retail in June 2015, raising the total investment to USD 300 million

    2014

  • Vinhomes Central Park, a modern, luxurious, integrated project, breaks ground in Ho Chi Minh City. The Landmark 81 Tower, with 81 floors and a height of 461 meters, sets the record as the tallest building in Vietnam

  • Vinpearl Phu Quoc, a five-star resort, opens with over 300 hectares and an international-standard 27-hole golf course, completed after ten months of construction, setting a new record for shortest construction time for a project of this size

    2015

  • Vietnam's first wildlife safari park, with more than three thousand animals representing 150 rare species, commences operations

    2016

  • Vingroup converts Vinmec and Vinschool into social enterprises

    2017

• Vincom Retail lists shares on Ho Chi Minh Stock Exchange

• VinFast automobile and e-scooter brand announced

• Vincom Center for Contemporary Art (VCCA) opens

  2018

• Vinhomes lists shares on Ho Chi Minh Stock Exchange

• First two mega projects announced: Vinhomes Smart City and Vinhomes Ocean Park

• VinFast introduces its first three internal combustion engine cars: Fadil, Lux A 2.0, and Lux SA 2.0, as well as Klara smart e-scooters.

• Announces plans to become a technology-driven company

• Enters higher education segment with VinUniversity

  2019

• Inaugurates VinFast automobile manufacturing plant and delivers first cars

• Introduces first Vinhomes mega project in Ho Chi Minh City -Vinhomes Grand Park

• Enters into a strategic partnership agreement with SK Group (Korea) and completes a private placement of new shares valued at USD 1 billion with SK Group

• Withdraws from consumer retail and agriculture segments to focus on Technology and Industrials

  2020

• VinFast achieves the largest share in the Vietnamese car and e-scooter markets across all vehicle segments and is recognized as the car company with the highest safety standards in Vietnam.

• Opens VinUniversity and enrolls its first students

• "Vinpearl Land" changes its name to "VinWonders"

  2021

• Vingroup establishes a Sustainable Credit Framework and successfully issues sustainable bonds and loans in accordance with this Credit Framework.

• VinFast opens offices in North America and Europe, and announces the EV brand globally

• Groundbreaking ceremony of VinES battery factory in Vung Ang economic zone in Ha Tinh

• Launches the leading super complex of resorts, entertainment and leisure in Southeast Asia, "The Round-The-Clock City" of Phu Quoc United Center

• VinBus officially launches its first smart e-buses in Vietnam

1993 - 2003

2004 - 2008

2009 - 2012

2013 - 2016

2017 - 2019

2020 - 2021

46 VINGROUP - ANNUAL REPORT 2025 CHAPTER 02 47

Corporate milestones

2022

• VinFast announces its all-electric strategy, completed the transition to pure electricity, delivered VF 8 in Vietnam, exports EVs and introduces its EV lineup to international markets

• Vinhomes launches Vinhomes Ocean Park 2 and Vinhomes Ocean Park 3 to complete the 1,200-hectare Ocean Park cluster

• Vincom Retail opens Vincom Mega Mall Smart City, Vincom Plaza My Tho, and Vincom Plaza Tran Huynh - Bac Lieu

• Vinmec signs a strategic cooperation agreement with world leader Cleveland Clinic. Vinmec Times City becomes part of the Cleveland Clinic Connected -a global network of Cleveland Clinic's hospitals

• Vingroup collaborates with Brighton College UK to establish Brighton College Vietnam

  2023

• VinFast lists on the Nasdaq Global Select Market of the U.S. under the legal entity VinFast Auto Ltd. and ticker symbol "VFS"

• VinFast breaks ground on its EV factory in North Carolina, U.S., marking a significant milestone in its market expansion strategy and global EV brand development

• VinFast successfully develops a comprehensive EV lineup, ranging from mini cars to SUVs in the A-B-C-D-E segments, including the VF 5, VF 6, VF e34, VF 7, VF 8, and VF 9 models, of which five models have already been delivered to customers

• Vinhomes hands over nearly 15 thousand real estate units across all Vinhomes urban areas and officially opens Grand World in the Ocean City project with numerous activities

• Vinpearl employs a unique festival model: combining Music, Tourism, and World-class Entertainment: Two International Mega Music Festivals - 8Wonder in Nha Trang and Phu Quoc

• For Green Future Foundation is established in alignment with the net zero target by 2050 of the Government, to promote sustainable practices in daily life and raise public awareness

  2024

  
  
  

• VinFast breaks ground on its EV completely knocked down plants in India and Indonesia, marking a strategic expansion into these key markets.

• VinFast launches dealerships in Indonesia, the Philippines, and the Middle East, commencing deliveries of the VF e34 and VF 5 models in Indonesia.

• VinFast becomes the best-selling automotive brand in Vietnam in 2024, with nearly 88 thousand units sold. The VF 5 (over 32 thousand units) and VF 3 (over 25 thousand units) are top-selling models. Notably, the VF 3 receives nearly 28,000 pre-orders within 66 hours of launch.

• Vinhomes launches Vinhomes Royal Island, a landmark mega-urban project that stands out in Vietnam's real estate market. Spanning nearly 900 ha, it introduces the country's first-ever Royal Island City concept, setting a new standard for luxury.

• Vinpearl becomes the strongest brand in Vietnam by Brand Strength Index in 2024 and ranked among the Top 3 most powerful brands in Southeast Asia, reinforcing its leadership in Vietnam's tourism industry and elevating Vietnamese brands on the global stage.

• VinUniversity becomes the world's youngest university to achieve a QS 5-star rating across nine criteria within just five years of operation. It is also appointed as Vietnam's first UNESCO Chair, affirming its academic prestige through the outstanding quality of its first graduating class.

• VinClub launches as a comprehensive membership platform that integrates Vingroup's ecosystem, providing members with exclusive experiences and premium benefits across various services and products.

  2025

  • Vingroup and the Kind Heart Foundation receive two First-Class Labor Orders from the President of the Socialist Republic of Vietnam in recognition of their contributions to the country's socio-economic development.

  • The Vingroup ecosystem partners with the Government in three major nationwide groundbreaking and inauguration events marking the 50th anniversary of the Liberation of the South and National Reunification, the 80th anniversary of Vietnam's National Day, and the 14th National Party Congress. Across these events, Vingroup contributes a total of 18 key projects, notably the groundbreaking of the Vinhomes Green Paradise (Can Gio) megacity project, the inauguration of the National Exhibition and Convention Center, and the groundbreaking of the Olympic Sports Urban Area in Hanoi, etc.

• VinFast launches the Green series line specially designed and optimized for transport services, including four passenger transport models and the EC Van for cargo transport.

• VinFast achieves a record-breaking performance for an automaker in Vietnam in 2025, delivering over

  175 thousand vehicles. Globally, it reaches nearly 197 thousand units sold, doubling its 2024 sales.

• VinFast inaugurates an EV manufacturing plant in Ha Tinh (Vietnam) with a capacity of 200 thousand vehicles per year, along with assembly plants in Tamil Nadu (India) and Subang (Indonesia), each with an initial capacity of 50 thousand vehicles annually, further expanding its global production capacity.

  02

  VINGROUP AND THE KIND HEART FOUNDATION RECEIVE

  FIRST-CLASS LABOR ORDERS

• Vinhomes launches multiple large-scale projects, including Vinhomes Wonder City in western Hanoi, Vinhomes Golden City in Hai Phong, Vinhomes Green City - the first all-in-one urban development in northwest Ho Chi Minh City, and Vinhomes Green Paradise - an ESG++ coastal megacity in Ho Chi Minh City developed alongside a TOD model.

• Shares of Vinpearl Joint Stock Company are listed on the Ho Chi Minh City Stock Exchange (HOSE) under the ticker symbol VPL.

• Vingroup announces the expansion into three new strategic pillars: Infrastructure, Green Energy, and Culture.

  Domestically, VinFast achieves a record-breaking performance

  175,000+

  UNITS DELIVERED

  Globally, Vinfast reaches

  ~197,000

  UNITS DELIVERED

  2022

  2023 2024

  2025

  48 VINGROUP - ANNUAL REPORT 2025 CHAPTER 02 49

  Businesses

  Industrials - Technology

  VinFast VinFast - Boundless Together

  424 SHOWROOMS

  Worldwide

  1,000,000+

  CHARGING PORTS

  Globally

  By the end of 2025, VinFast further strengthened its commercial capabilities by introducing two new strategic brand lines. These include the Green series line -featuring Herio, Nerio, Limo, Minio and EC Van models optimized for transport services - and the Lac Hong line, with the Lac Hong 900 LX design for the ultra-luxury segment. VinFast also expanded its product portfolio by adding EB 6, EB 8, and EB 12 e-buses, as well as new e-scooters equipped with dual batteries, compatible with batter swapping

  To realize its ambition of becoming one of the world's foremost smart EV companies, VinFast has established an extensive and integrated network of technology research and product development centers. This includes the EV Development Division, the Electric -Electronics and Smart Services Division, the Motorcycle Technology Institute, and other specialized R&D units. VinFast has also gained full autonomy in battery technology - a crucial component of EVs - and mastered its production supply chain, further strengthening

  #1 Automotive brand in Vietnam with

  175.000+

  VinFast, the first Vietnamese all-electric brand, was established on September 02, 2017, with the groundbreaking for its manufacturing plants in the Dinh Vu - Cat Hai economic zone in Hai Phong. VinFast's mission is to make the dream of a Vietnamese car brand a reality and to offer cars that are affordable, eco-friendly, and meet the needs of consumers.

  infrastructure.*

  its competitive edge. As part of its strategy to strengthen production capacity alongside its main manufacturing complex in Hai Phong (Vietnam), the company has inaugurated manufacturing facilities in Ha Tinh (Vietnam),

  VEHICLES

  delivered in 2025

  Top 2 of Vietnam's Bike Market with

  406,000+

  VEHICLES

  delivered in 2025

  VinFast is committed to becoming a pioneering global brand in the smart EV industry, playing a key role in driving the worldwide EV revolution. Its core product portfolio includes a diverse range of smart electric vehicles: electric cars, e-buses, e-scooters, and e-bikes. With a customer-centric approach, VinFast continuously innovates, researches, and develops to deliver exceptional products and experiences, accelerating the transition from gasoline to EVs and contributing to a sustainable, green future for all.

  Following three years of its complete transformation into a pure EV manufacturer, VinFast has become a catalyst for the "green transition" movement in Vietnam as well as key markets across Asia. VinFast has successfully expanded its presence across key international markets: North America (the U.S. and Canada), Europe (Germany, the Netherlands, and France), the Middle East (the United Arab Emirates and Oman), and Asia (Vietnam, Indonesia, the Philippines, and India). Notably, VinFast continues to maintain its position as the leading automotive brand by market share in Vietnam in 2025, with over 175 thousand EVs delivered.*

  VinFast's production scale and capacity

  Subang (Indonesia), and Tamil Nadu (India).

  For further details, please refer to the Management's Report on 2025 Performance and Business Plan for 2026 chapter - Vingroup's Business Results in 2025 - Page 112.

  Factory Current capacity

  e-buses/year

  Hai Phong Factory, Vietnam 300 thousand electric vehicles, 500 thousand e-bikes and 2 thousand Ha Tinh Factory, Vietnam 200 thousand electric vehicles and 2 million e-bikes/year**

  Tamil Nadu Factory, India 50 thousand electric vehicles/year ** Subang Factory, Indonesia 50 thousand electric vehicles/year **

  A Pure-Play EV manufacturer with the mission of making EVs accessible to everyone

  * For further details, please refer to the Management's Report on 2025 Performance and Business Plan for 2026 chapter - Vingroup's Business Results in 2025 - Page 112.

  ** Maximum capacity upon completion of the first phase.

  
  
  

  50 VINGROUP - ANNUAL REPORT 2025 CHAPTER 02 51

  VinMetal Developing high-tech steel solutions to drive a sustainable future.

  Established in October 2025, VinMetal Trading and Production Joint Stock Company aims to become a leading smart steel brand driving the steel revolution in Vietnam and expanding globally.

  VinSOC Management and operation of cybersecurity across the Vingroup ecosystem

  VinSOC Joint Stock Company is positioned as the centralized unit responsible for cybersecurity governance and operations across Vingroup, acting as the focal point for coordinating and implementing unified information security protection activities throughout the ecosystem.

  
  
  

  VinMetal focuses on producing high-quality steel and specialized alloys for the EV industry, transportation infrastructure, and key industrial projects. The company applies

  advanced technologies to reduce carbon emissions, optimize production processes, and promote sustainable development while expanding into global markets.

  VinSOC was established to address the core challenges of cybersecurity in the digital era. By combining AI with real-world operational data, the company aims to build an intelligent security ecosystem where AI and data analytics are leveraged for early risk detection, automated incident response, and enhanced operational efficiency. At the same time, expert knowledge is standardized and transformed into organizational knowledge assets, ensuring

  sustainable system operations and improving resilience against increasingly sophisticated cyberattacks, particularly AI-driven threats. Built on an integrated and self-reliant technology platform, enterprises using VinSOC.ai solutions gain a comprehensive view of data and information, enabling proactive defense against emerging threats and strengthening long-term cybersecurity capabilities.

  VinSmart

  Deployment and operation of the

  VinCSS

  Provider of comprehensive cybersecurity services and strong passwordless authentication solutions

  Established in November 2018, VinCSS Internet Security Services Joint Stock Company operates in the field of research, development, production, and provision of comprehensive, intelligent, and automated solutions, products, and services for cyber security and strong passwordless authentication,

  Currently, VinCSS offers a wide range of comprehensive security solutions in the digital environment, including:

  Future

  entire integrated software and digital infrastructure system

• Network Access Control based on the Zero Trust model

• Identity and Access Management

• IT Cybersecurity Services

• IoT Device Security

• Smart Vehicle Security

  Established in September 2025, VinSmart Future Joint Stock Company is positioned as the Group's technology arm, with the mission of "enhancing lives through the application of technology and superior digital experiences." VinSmart Future aims to build a unified technology platform for the Group, connecting smart operational management with customer-facing super apps, delivering a seamless and outstanding digital experience.

  VinSmart Future focuses on developing key product areas:

  VinRobotics

  Manufacturing and integration of Smart Robotics products and Industrial Robot solutions

  Founded in November 2024, VinRobotics Robot Application and Research Development Joint Stock Company specializes in research, design, manufacture, and integration of smart robotics and automation solutions.

  Technology infrastructure

  Shared services for production and business management

  End-user applications

  
  
  

  VinRobotics aims to build a "machine workforce" platform and ecosystem capable of supporting humans across industries, services, and daily life, thereby enhancing labor productivity and work quality.

  In its initial phase, the company focuses on developing robotic solutions to meet automation needs within the Vingroup ecosystem, particularly at VinFast factories, before expanding to domestic and international markets.

  CHAPTER 02 53

  VinDynamics

  
  
  

  Research and development of Humanoid Robots

  Established in September 2025, VinDynamics Humanoid Robotics Research, Development and Application Joint Stock Company aims to become a global pioneer in humanoid capable of operating flexibly, safely, and delivering real value in everyday life.

  The company's mission is to research and develop smart, highly applicable humanoid robots by combining advanced engineering, AI, and a human-centered design philosophy. VinDynamics not only strives to create high-

  tech products, but also aims to develop robots that can naturally integrate into homes and communities - making life easier and more fulfilling.

  VinSpace

  Research and manufacturing of small satellite constellations

  Established in November 2025, VinSpace Joint Stock Company operates in the field of space technology, focusing on the research and development of "Make in Vietnam" nanosatellite constellations to provide telecommunications, remote sensing, and other applications in support of socio-economic development.

  
  
  

  52

  VINGROUP - ANNUAL REPORT 2025

  VinMotion

  Founded in January 2025, VinMotion General Purpose Humanoid Robots Application Development and Research Joint Stock Company is committed to becoming a pioneering force in the research and development of general-purpose humanoid robots, positioning Vietnam as a key player on the global technology map. By building an ecosystem of intelligent robots, VinMotion aims to enhance labor productivity, optimize production processes, and deliver exceptional value to everyday life.

  Leveraging Vietnam's competitive cost advantages, highly

  technical workforce,

  skilled

  strategic

  geographic location, and the robust support of the Vingroup ecosystem, VinMotion aspires to transform the country into a leading global hub for high-tech robotics manufacturing and export. Through the development and application of multi-purpose humanoid robots integrated with

  Physical AI technology, VinMotion

  offers innovative solutions to support human activities across diverse sectors, including daily life, industrial production, and services. These robots are also designed to take on high-risk tasks such as rescue missions and operations in hazardous environments, ensuring safety and efficiency.

  The company has developed and launched two versions of humanoid robots (Motion 1 and Motion 2).

  Research and application of Multifunctional Robotics Technology

  
  
  

  54 VINGROUP - ANNUAL REPORT 2025 CHAPTER 02 55

  Real Estate Development and Services

  Vinhomes

  Where happiness lives

  Premium Integrated Offerings of Apartments, Villas and Shophouses

  Vinhomes is the leading real estate brand in Vietnam, specializing in the development, leasing, and operation of mid to high-end residential complexes.

  Vinhomes properties

  Hanoi

• Vincom Center Ba Trieu

• Vinhomes Royal City

• Vinhomes Times City and Vinhomes Times City -Park Hill

• Vinhomes Riverside

  Ho Chi Minh City

• Vincom Center Dong Khoi

• Vinhomes Central Park

• Vinhomes Golden River

• Vinhomes Grand Park

  Ha Tinh

  Hung Yen

• Vinhomes Ocean Park 2

• Vinhomes Ocean Park 3

  Thanh Hoa

• Vinhomes Star City

  Vinhomes Wonder City

  133 HA

  Vinhomes Golden City

  241 HA

  Vinhomes Green City

  197HA

  Vinhomes Green Paradise

  2,870 HA

  The company is a pioneer in developing large-scale integrated urban areas and iconic landmarks in Vietnam, distinguished by its synchronized infrastructure, diverse ecosystem of amenities and services, and the seamless integration of cutting-edge smart technologies - all leveraging the unparalleled advantages of the Vingroup ecosystem. This strategic approach has cemented Vinhomes' position as Vietnam's leading real estate developer, shaping green, intelligent living environments and fostering sophisticated, modern communities. By setting new benchmarks through world-class urban developments, Vinhomes continues to elevate the country's real estate landscape. Tailored to the unique characteristics and scale of each project, Vinhomes offers a diversified portfolio of products designed to meet the evolving needs of various customer segments. In 2025, Vinhomes continuedtodeveloplarge-scaleintegratedurban areas following an "all-in-one" model, supported by synchronized infrastructure and a diverse range of amenities to meet different residential and investment needs across each location. In Hanoi, Vinhomes launched Vinhomes Wonder City - a city of modern lifestyle experiences in the western part of the capital - with a scale of 133 hectares and up to 99 announced amenities, benefiting from connectivity along the West Thang Long axis. In Hai Phong, Vinhomes Golden City was introduced with a total area of 241 hectares, divided into five subdivisions and designed with approximately 40 hectares

  of green and water spaces, complemented by landmark features such as a grand entrance gate and a series of themed parks. In the South, Vinhomes developed Vinhomes Green City, covering 197 hectares - the first integrated urban area within its ecosystem in Long An - offering strong investment potential and contributing to the region's overall prosperity. Finally, the most prominent project is Vinhomes Green Paradise in Can Gio, HCMC, spanning 2,870 hectares. It is positioned under an ESG++ urban model, leveraging ecological advantages and aiming for sustainable development integrated with smart urban governance.

  What sets Vinhomes' developments apart is their commitment to delivering a fully integrated and modern infrastructure alongside an exceptional range of amenities. These include expansive playgrounds, state-of-the-art sports facilities, all-season swimming pools, elegant reception lounges, and world-class security and concierge services. Residents also benefit from the comprehensive Vingroup ecosystem, featuring the renowned Vinschool education system, Vinmec international hospitals and clinics, Vincom shopping, entertainment, and dining complexes, the VinBus electric public transport network, and VinFast EV charging stations. By implementing a fully integrated smart city model, Vinhomes is dedicated to creating sophisticated, vibrant communities - where every residence becomes a place "where happiness lives."

• Vinhomes Nguyen Chi Thanh

• Vinhomes Gardenia

• Vinhomes Riverside -The Harmony

• Vinhomes Thang Long

• Vinhomes Green Bay

• Vinhomes Metropolis

• Vinhomes D'Capitale

• Vinhomes Skylake

• Vinhomes West Point

• Vinhomes Ocean Park

• Vinhomes Smart City

• Vinhomes Symphony

• Vinhomes Global Gate

• Vinhomes Ha Tinh

• Vinhomes New Center

  Quang Ninh

• Vinhomes Dragon Bay

• Vinhomes Golden Avenue

  Hai Phong

• Vinhomes Imperia

• Vinhomes Marina

• Vinhomes Royal Island

  Bac Ninh

• Vinhomes Sky Park

DEVELOPER OF THE YEAR SOUTHEAST ASIA 2025*

TOP 10 MOST VALUABLE BRANDS IN VIETNAM**

* Awarded by Dot Property Southeast Asia 2025

** According to Brand Finance

56 VINGROUP - ANNUAL REPORT 2025 CHAPTER 02 57

Vinhomes Serviced Residences

Premium Serviced Apartments and Villas

In addition to the development, transfer, and management of properties, Vinhomes also operates and manages five-star serviced apartments and villas under the Vinhomes Serviced Residences brand, as well as office space for lease within the premises of a number of Vinhomes projects. Vinhomes' property leasing enables its customers to fully maximize the return on their investment and attracts customers by participating in the program with enhanced profitability.

Vinhomes Serviced Residences

Vinhomes IZ

Industrial Real Estate

Vinhomes IZ, a subsidiary of Vinhomes, was established in 2020 to expand into industrial real estate and to further complement and broaden Vinhomes business and the Group's ecosystem. Given investment relocation to Vietnam and growing FDI inflows, this will be an area of focus for Vinhomes going forward.

VHIZ owns the VinFast EV and e-bike manufacturing plants in the Dinh Vu - Cat Hai economic zone of Hai Phong and two industrial parks in Ha Tinh serving the EV manufacturing industry.

Hanoi

• Vinhomes Times City

• Vinhomes Riverside

• Vinhomes Ocean Park

• Vinhomes Smart City

• Vinhomes Metropolis

  Ho Chi Minh City

• Vinhomes Central Park

• Vinhomes Golden River

• Vinhomes Grand Park

  Hung Yen

  
  
  

• Vinhomes Ocean Park 2

• Vinhomes Ocean Park 3

Vinhomes Office Leasing

Premium Offices for Lease

VinOffice manages and leases office spaces located in the heart of major financial and business centers and offer maximum natural light, energy efficiency, providing modern and professional workspaces.

Hanoi

• T13 Office Building - Vinhomes Times City

• T26 Office Building - Vinhomes Times City

• Century Tower

• Symphony Office Building

• TechnoPark Tower

Ho Chi Minh City

• Vinhomes Office Đồng Khởi

• Landmark 81 Sky View

Da Nang

• Crystal Tower

Vinhomes Office Leasing and other leased assets

VinCons

General Contractor

In 2022, Vinhomes officially established Vincons, a construction company dedicated to executing large-scale projects under the Vinhomes brand. Vincons plays a key role in delivering major developments, including Vinhomes Ocean Park 1, Vinhomes Ocean Park 2, Vinhomes Ocean Park 3, Vinhomes Smart City, Vinhomes Royal Island, and Vinhomes Green Paradise.

58 VINGROUP - ANNUAL REPORT 2025 CHAPTER 02 59

Vinpearl

Premium Resorts and Hotels

Ranked

TOP 1

Vinpearl is Vietnam's leading brand in tourism and the resort industry, offering luxurious five-

As part of its strategy to elevate and globalize its brand in the hospitality sector, since 2022,

Systems of hotels, resorts, golf courses and convention - culinary owned, managed, and operated

in brand strength index in Vietnam and Southeast Asia*

~17.5 THOUSAND

equivalent rooms for hotels and beach villas

*According to Brand Finance

star hotel complexes and beach villas.

Originating with the iconic Vinpearl Resort Nha Trang, after more than 22 years of development, Vinpearl now owns, manages, and operates a network of luxurious hotels, resorts, and entertainment complexes across Vietnam, along with a system of world-class golf courses ranging from 18 to 36 holes, located at Vu Yen Island - Hai Phong, Nam Hoi An - Quang An, Hon Tre Island - Nha Trang, and Phu Quoc Island.

Today, Vinpearl's extensive portfolio encompasses 35 hotels and resorts, offering over 17.5 thousand equivalent rooms in Vietnam's most renowned tourist hotspots such as Ha Long, Thanh Hoa, Nghe An, Hue, Da Nang, Nha Trang, HCMC, Can Tho, and Phu Quoc. Alongside its accommodation services, Vinpearl also owns a sophisticated chain of convention centers, wedding venues, and the largest grand theater in Vietnam under the VinPalace brand in Hanoi and Hung Yen.

Vinpearl collaborated with Meliá Hotels International and Marriott International to manage many hotels and resorts within its system. This collaboration brought a unique blend of Vinpearl's local resort experience and the world-class service standards of internationally acclaimed hospitality brands, offering a rich and diverse experience for both domestic and international travelers.

In 2025, Vinpearl was recognized by Brand Finance, the world's leading brand valuation organization, as Vietnam's and Southeast Asia's strongest brand with a Brand Strength Index (BSI) score of 97.5/100 and an AAA+ brand strength rating. At the same time. At the same time, Vinpearl also emerged as the only tourism brand to make it into the Top 50 most valuable brands in Vietnam for 2025.

Vinpearl Hotels & Resorts

• Vinpearl Hotel Bac Ninh

• Vinpearl Resort & Spa Ha Long

• Vinpearl Resort & Golf Nam Hoi An

• Vinpearl Luxury Nha Trang

• Vinpearl Resort Nha Trang

• Vinpearl Resort & Spa Nha Trang Bay

• Vinpearl Beachfront Nha Trang

• Vinpearl Wonderworld Phu Quoc

• Vinpearl Resort & Spa Phu Quoc

• VinHolidays Fiesta Phu Quoc

• Hon Tam Resort Nha Trang

  Vinpearl Golf

• Vinpearl Golf Hai Phong

• Vinpearl Golf Léman

• Vinpearl Golf Nam Hoi An

• Vinpearl Golf Nha Trang

• Vinpearl Golf Phu Quoc

• Cape Wickham Golflinks

  Meliá Vinpearl

• Meliá Vinpearl Phu Ly

• Meliá Vinpearl Rivera Hai Phong

• Meliá Vinpearl Thanh Hoa

• Meliá Vinpearl Cua Hoi Beach Resort

• Meliá Vinpearl Ha Tinh

• Meliá Vinpearl Cua Sot Beach Resort

• Meliá Vinpearl Quang Binh

• Meliá Vinpearl Hue

• Meliá Vinpearl Danang Riverfront

• Meliá Vinpearl Empire Nha Trang

• Meliá Vinpearl Cam Ranh Beach Resort

• Meliá Vinpearl Tay Ninh

• Meliá Vinpearl Phu Quoc

  Convention center, wedding venue, and theatre

• VinPalace Co Loa

• VinPalace Ocean City

• Almaz Convention Center Ha Noi

  Marriott International

• FFour Points by Sheraton Lang Son

• Four Points by Sheraton Ha Giang

• Sheraton Hai Phong

• Da Nang Marriott Resort & Spa

• Vinpearl Landmark 81, Autograph Collection

• Sheraton Phu Quoc Long Beach Resort

• Sheraton Can Tho

• Nha Trang Marriott Resort and Spa, Hon Tre Island

• Danang Marriott Resort & Spa, Non Nuoc Beach Villas

• Renaissance Hoi An Resort & Spa

• Sheraton Vinh