VIMID exceeds growth targets, poised for a breakthrough ahead of HoSE listing
Ahead of its transfer, VIMID has reported strong business performance. In the third quarter of 2025 alone, the company recorded net revenue from sales and services of VND 2,230 billion—2.7 times higher compared to the same period in 2024.
As of September 30, 2025, VIMID’s accumulated net revenue for the first nine months reached VND 5,444 billion, an increase of VND 2,763.7 billion (103.1%) compared to the same period in 2024. Pre-tax profit for the nine-month period reached nearly VND 213 billion, up 173.7% year-on-year.
For 2025, VIMID set a revenue target of VND 4,200 billion and a pre-tax profit target of VND 90 billion. By the end of the first three quarters of 2025, the company had already exceeded its full-year revenue plan by 30% and fulfilled 137% of its pre-tax profit target.
This is seen as a highly positive outcome ahead of the official HoSE debut of VVS shares, demonstrating VIMID’s solid financial foundation and strong business momentum. Surpassing key performance indicators not only reinforces shareholders’ confidence, but also lays a solid groundwork for the company as it steps into a larger market, with expectations of thriving and attracting new investment capital.
Maintaining robust business results amid market volatility reflects VIMID’s thorough preparation for its upcoming HoSE listing, while also emphasising its sustainable development strategy, commitment to operational transparency, and ambition to expand in the next phase of growth.
With a long-term vision, VIMID continues to allocate resources toward sustainable growth priorities, focusing on developing environmentally-friendly product lines, accelerating comprehensive digital transformation, advancing investment projects, optimizing operational efficiency, and enhancing customer experience.
Notably, on April 19, 2025, at the 2025 Annual General Meeting of Shareholders, shareholders have approved Resolution No. 01/2025/NQ-ĐHĐCĐTN-VIMID, which included the approval of the investment plan for the Truck Manufacturing and Assembly Project. Additionally, on September 30, 2025, VIMID’s Board of Directors approved the establishment of VMASS Automobile Co., Ltd., a wholly owned subsidiary operating primarily in automobile and motor vehicle manufacturing, along with several related business sectors. These are pivotal steps in VIMID’s strategy to gradually take full control of its supply chain, increase localization rates, strengthen production capacity, and reinforce its competitive position in the truck industry.
Amid rising demand for freight transportation, the growing green-transition trend in logistics, expanding public investment policies, and the strengthened national strategy for developing Vietnam’s automotive industry, VIMID is well-positioned for a breakthrough. The company’s listing on HoSE will serve as a crucial foundation, enabling VIMID to accelerate its trajectory and further solidify its market position domestically and across the region.
