Vingroup Reports 6.5-Fold Profit Surge in Q2 Driven by Real Estate and EVs
Vietnam's Vingroup reported a net profit of VND 14.763 trillion (approximately $600 million) in the second quarter, a 6.5-fold increase year-on-year. The surge was driven by higher revenues from real estate, electric vehicle (EV) production, and financial activities. Notably, property sales by its subsidiary Vinhomes and EV deliveries by VinFast significantly boosted the conglomerate's performance.
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