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According to information shared at an annual general meeting of shareholders held on Wednesday in Hanoi, this will be the group’s largest revenue milestone ever, although the after-tax profit is expected to be VND44 billion lower than in 2022.
In terms of business development plan, Vingroup will expand its VinFast sales network in all domestic and international target areas, accelerating sales and transferring goods in crucial markets.
Through automobile shows and display activities across all markets, VinFast will adopt a direct marketing approach, encourage test-drive activities for car models, and promote new car models to be offered in 2023.
Vinhomes will make the most of its land fund to create new projects in the residential real estate sector as it is anticipated that company operations may continue to be impacted by the macroeconomic and regulatory environment.
a clever, eco-friendly, fully functional urban project. One of the main areas of development for Vinhomes in the near future will be Happy Home, which will incorporate a Vinhomes-typical model with complete utilities, including schools, commercial centers, children’s play areas, parks, and sports fields.
Vincom Retail has plans to construct two more trade centers in the sector of retail real estate, increasing the total to 85 trade centers in 45/63 provinces nationwide.
Regarding the capital raising strategy, Vingroup intends to lay out for shareholders a proposal to sell bonds worth up to VND 5,000 billion in one or more issues. This bond has the ability to be changed into stock; it is a convertible bond.
15% annual maximum coupon rate. Depending on the circumstances, Vingroup will determine whether to sell privately or to the general public and the associated offering volume. Bonds have terms of at least 12 months and up to 60 months.
