Vingroup hits record market cap as major Vietnamese firms report H1 2026 profits

Vingroup market capitalization VNG profit growth Can Gio sea reclamation project Vietnam stock market corporate financial reports

Several major Vietnamese corporations reported significant financial results for the first half of 2026. Vingroup (VIC) reached a historic milestone as its market capitalization exceeded 2 quadrillion VND, driven by a strong surge in share price. Notably, Vingroup Chairman Pham Nhat Vuong received no remuneration during this period, while other board members saw increased compensation.

A subsidiary of Vingroup, Can Gio Tourism Urban JSC, reported a massive profit increase, recording a pre-tax profit of over 35.3 trillion VND, which is 5.4 times higher than the same period last year. This entity is the developer of the $10 billion Vinhomes Green Paradise sea reclamation project.

In the technology sector, VNG Corporation reported a turnaround with a net profit of 592 billion VND, a significant shift from a slight loss in 2025. The company's core adjusted operating profit (AOP) rose 115% to 937 billion VND, supported by growth in online gaming and the Zalo & AI segments.

Additionally, Greenfeed Vietnam maintained positive momentum despite a downturn in the pig farming market, reporting a pre-tax profit of over 2.2 trillion VND and strengthening its equity position.