Top Vietnamese businesses revealed that caused 'shock' when profits skyrocketed to thousands of percent

According to Wichart, 25 businesses achieved net profit growth of over 1,000%. The main driving force of revenue is related to real estate.

Corporate net profit increased by 9,980% in the first 9 months of 2025 - Photo: QUANG DINH

Real estate related groups' net profit increased dramatically

Song Da Urban Development and Construction Investment Joint Stock Company (Song Da Urban) grew 7,739% in net profit (profit after tax belonging to parent company shareholders) in 9 months, ranking 2nd on the list.

The company's net revenue skyrocketed from nearly VND52 billion to over VND149 billion due to a sharp increase in revenue from office leasing and building management services. After deducting expenses, the company's net profit was nearly VND49 billion compared to over VND621 billion last year.

The housing and apartment construction industry also includes Vietnam Construction Investment and Trade Corporation (CTX Holding) with a rate of nearly 5,713%. Net revenue for the first 9 months was recorded at more than 317 billion VND, 8 times higher than last year. Net profit reached nearly 217 billion VND, 58 times higher than the same period.

The company said the main reason was due to recording revenue from transferring the investment project to build a complex of commercial centers and apartments (project A1).

The real estate group also recorded 4 businesses with a thousand-fold increase in profits, including Vietnam Exhibition Fair Center Joint Stock Company - Vefac (5,731%), Nam Long Investment Joint Stock Company (2,184%), Saigon Thuong Tin Real Estate Joint Stock Company - TTC Land (1,667%), DIC Group (1,432%).

For Vefac, net revenue reached nearly 44,611 billion VND, nearly 9,900 times higher.

After deducting expenses and taxes, the net profit of this unit in the first 9 months was over 15,418 billion VND, more than 58 times higher than the same period. The main reason is that in the first quarter of 2025, Vefac recorded revenue of 44,560 billion VND from the transfer of part of the Vinhomes Global Gate project and increased financial revenue from business cooperation activities.

For Nam Long, net revenue in the third quarter exploded to over VND1,877 billion, 5 times higher than the same period last year. Financial revenue increased by over 35%, reaching VND29 billion. Therefore, net profit in the first 9 months reached VND354 billion, nearly 23 times higher. The main reason was revenue from the handover of the Akari, Can Tho II Central Lake and Southgate projects.

Similarly, TTC Land's net revenue in the first 9 months reached more than VND950 billion, nearly 3 times higher. The driving force came from the construction sector, reaching nearly VND230 billion, 50 times higher; real estate nearly VND314 billion, nearly 4 times higher. After deducting expenses, net profit was more than VND32 billion, more than 17 times higher than the same period in 2024.

Some real estate leasing and construction companies also made huge profits, such as Ho Chi Minh City Foreign Trade and Investment Development Joint Stock Company (2,469%), BV Land Joint Stock Company (1,585%), HUD1 Investment and Construction Joint Stock Company (1,307%), and COMA 18 Joint Stock Company (1,302%).

25 businesses with net profit growth of over 1,000% - Data: WICHART

Business highlights in other industries

Unlike the real estate and construction groups, other industries such as oil and gas services, securities, banking, and telecommunications only have one enterprise with net profits dozens of times higher.

Leading the growth list is the Petrochemical and Services Corporation (PVChem). In the first 9 months of the year, the company's net profit reached nearly 17 billion VND, an increase of 9,980%.

As for the electricity production and distribution group, Nhon Trach 2 Petroleum Power Joint Stock Company saw its net profit increase by 6,831%, from over VND8 billion to over VND577 billion. Mainly thanks to a gross profit of nearly VND616 billion, while last year it lost over VND36 billion. In addition, financial profit also increased by 89%.

The securities group has Phu Hung Securities Joint Stock Company increasing its profit by 4,948%. Net profit in the first 9 months of the year reached nearly 72 billion VND, about 51 times higher than last year due to the strong increase in self-trading, brokerage, and margin lending activities compared to last year.

In the banking sector, An Binh Bank increased its net profit by 1,136%, from over VND180 billion to nearly VND1,846 billion. The reason was that net interest income increased by VND1,188 billion, equivalent to 54%. Net profit from other activities increased by VND1,629 billion, equivalent to 1,253%.

In the telecommunications industry, Saigon Telecommunication Technology Joint Stock Company increased its net profit by 1,040%, mainly due to gross profit increasing from over VND 179 billion to over VND 659 billion, thanks to real estate business, land, office and factory leasing, 2.7 times higher than the same period.

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Source: https://tuoitre.vn/lo-dien-top-doanh-nghiep-viet-gay-choang-khi-lai-tang-vot-toi-hang-nghin-phan-tram-20251110131908567.htm