# Vietnam private sector and economic performance

> Developing situation record from CLSTR: https://clstr.news/situations/vietnam-private-sector-and-economic-performance
> Updated: 2026-10-28T05:01:00.000Z. Sources: 15. Developments: 2.

The Vietnam Private Sector Forum 2026 concluded with 31 local dialogue sessions aimed at improving public-private collaboration. The forum recorded 1,071 business initiatives, with approximately 81.2% of submissions being addressed or accepted for further research. Business concerns focused on administrative procedures, access to capital, land, logistics, and digital transformation.

Financial performance across various Vietnamese industries for the first nine months of 2026 has shown divergent results. In the energy and mining sector, Vietnam National Coal and Mineral Industries Group (TKV) reported a 15% increase in revenue. The oil and gas transport sector saw significant growth for PVTrans, which recorded a 60.61% increase in after-tax profit, though other firms like Vitaco faced profit declines due to maintenance and cost pressures.

The retail and consumer sectors displayed varying trends. Major retailers like MWG saw a 93% increase in after-tax profit, and Vincom Retail reported a daily profit of nearly 17 billion VND. Conversely, jewelry retailer PNJ reported a significant loss of approximately 996 billion VND over the last two quarters, attributed to gold price volatility and changing market demand. In the pharmaceutical sector, companies like Domesco and Vidipha saw growth, while DHG experienced a sharp decline in profit.

In real estate, Sunshine Group reported a nine-month pre-tax profit exceeding 5.9 trillion VND, and Novaland achieved a profit of over 2.8 trillion VND. Additionally, Hoa Phat Group contributed over 12 trillion VND to the state budget during this period, driven by strong steel production.

## Timeline

### 2026-10-28: Vietnam business sector shows mixed Q3 2026 financial results

Vietnamese companies reported diverse Q3 2026 results, with growth in mining, retail, and aviation contrasting with losses in jewelry and specific transport sectors.

15 sources. https://clstr.news/cluster/hoa-phat-group-contributes-over-12000-billion-vnd-to-state-budget

### 2026-10-16: Vietnam Private Sector Forum 2026 records 1,071 business initiatives

The Vietnam Private Sector Forum 2026 recorded 1,071 business recommendations and initiatives, with over 81% addressed during 31 local dialogue sessions focused on institutional reform and economic growth.

2 sources. https://clstr.news/cluster/vietnam-private-sector-forum-2026-records-1071-business-initiatives

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Cite as: Vietnam private sector and economic performance. CLSTR, https://clstr.news/situations/vietnam-private-sector-and-economic-performance