VVS Sets Date for Annual Meeting of Shareholders, Targets VND 9,500 Billion in Revenue and VND 460 Billion in Pre-Tax Profit

VIMID (Vietnam Machine Investment Development Joint Stock Company – Stock code: VVS) has announced the organization of its 2026 Annual Meeting of Shareholders, scheduled for April 20, 2026. Following a year of record-breaking business performance, the upcoming meeting is expected to present and approve a number of key proposals that will lay the foundation for strong growth in the 2026–2030 period.

2026 Plan Targets VND 9,500 Billion in Revenue and VND 460 Billion in Pre-Tax Profit

At the Annual Meeting of Shareholders, VIMID will review and seek approval for key business and strategic directions for the coming period.

According to the audited consolidated financial statements for 2025, VIMID recorded its highest-ever revenue and pre-tax profit:

• Net revenue reached VND 8,050.6 billion, up 107% year-on-year (2024: VND 3,891.1 billion)
• Pre-tax profit reached approximately VND 401.5 billion, up 354.3% year-on-year (2024: VND 88.3 billion)

Building on this performance, VIMID plans to submit its 2026 targets, maintaining strong growth momentum and business expansion. The company aims for revenue of VND 9,500 billion (+~18%) and pre-tax profit of VND 460 billion (+~14.6%), both exceeding the previous year’s results.

VIMID also expects strong business performance in Q1 2026, with significant growth compared to the same period in 2025 (details to be disclosed in the Q1 2026 financial statements prior to the Annual Meeting of Shareholders). The company has proactively prepared financial resources and inventory to meet anticipated market demand in the remaining months of 2026. Based on market trends and internal strategies, 2026 is projected to be another year of accelerated growth.

Proposed Rights Offering to Existing Shareholders at a 1:1 Ratio

VIMID plans to seek shareholder approval for a public offering of shares to existing shareholders to increase charter capital, strengthen financial capacity, optimize cash flow, and reduce financial costs.

The company proposes to issue 21,525,000 shares at a 1:1 ratio, with an expected offering price of VND 25,000 per share, aiming to raise approximately VND 538.1 billion.

With a focus on delivering value to customers and shareholders through business operations and strategic investments, the Board of Directors and major shareholders reaffirm their commitment to long-term alignment and compliance with post-listing shareholding regulations.

VMASS Manufacturing Project Strengthens Supply Chain Control

Earlier, on March 20, 2026, VMASS Automobile One Member Co., Ltd. was granted the Investment Registration Certificate for its automotive manufacturing and assembly plant.

The project is located in Nam Dinh Vu Industrial Park (Hai Phong City), with an expected capacity of 15,000 vehicles per year and projected annual revenue of approximately VND 8,000 billion.

In addition, VMASS plans to manufacture semi-trailers, trailers, vehicle bodies, cargo boxes, cabins, and related components, with an estimated capacity of 10,000 units per year and projected revenue of VND 400 billion. Import–export and wholesale distribution activities supporting production are expected to generate around VND 1,000 billion annually.

Situated within Hai Phong’s Free Trade Zone, the project benefits from strong logistics infrastructure and preferential tax policies, providing favorable conditions for long-term expansion.

Once operational, expected from 2028, VMASS will enable VIMID to strengthen supply chain control, expand beyond trading into manufacturing and assembly, and drive significant growth in revenue and profitability.

Positive Market Outlook to Support Continued Growth

VIMID’s outlook for 2026 remains positive, supported by strong growth drivers in the transport and logistics sector. Increased public investment, infrastructure development, and rising demand from manufacturing and trade continue to drive freight transport demand.

At the same time, tightening emission standards are accelerating fleet replacement and upgrades, particularly among operators using non-compliant vehicles.

These factors are expected to boost demand for trucks as well as maintenance and repair services—VIMID’s core business segments—creating strong growth momentum in both the medium and long term.

VIMID confirmed that preparations for the Annual Meeting of Shareholders are being conducted in full compliance with regulations applicable to listed companies. Through thorough preparation and transparent disclosure, the company reaffirms its commitment to regulatory compliance, shareholder rights protection, and continuous improvement in corporate governance standards.