VVS successfully held the Annual Meeting of Shareholders 2026, shares hit ceiling price

The Annual Meeting of Shareholders approved a revenue target of VND 9,500 billion with a double-digit growth plan. VVS shares hit the ceiling price in the trading session on April 20, 2026.

Approval of 2026 business plan with double-digit growth targets

Vietnam Machine Investment Development Joint Stock Company (VIMID – stock code: VVS) has successfully held its Annual Meeting of Shareholders 2026 in Hanoi. Proposals related to the 2026 business plan and the 2026–2030 strategic orientation were approved with a high level of shareholder consensus.

In 2025, VIMID recorded net revenue of VND 8,050.6 billion, up 107% compared to 2024; profit before tax reached approximately VND 401.5 billion, up 354.3% year-on-year.

According to the Q1 2026 financial statements, the Company maintained robust growth:

• Revenue: VND 2,760 billion, up 142.9% YoY
• Profit before tax (PBT): VND 208 billion, up 538.7% YoY
• Profit after tax (PAT): VND 166.5 billion, up 539% YoY

On this basis, the 2026 business plan was developed with the objective of maintaining growth momentum while expanding operational scale amid a positive outlook for the transportation and logistics market.

The approved 2026 business plan sets a revenue target of VND 9,500 billion, representing approximately 18% growth, and a profit before tax target of VND 460 billion, representing approximately 14.6% growth, with expectations to exceed the previous year’s performance.

Approval of rights issue plan to raise over VND 500 billion

Another notable agenda item approved at the meeting was the plan to offer shares to existing shareholders at a 1:1 ratio. Under the plan, the Company intends to issue 21.5 million shares at a price of VND 25,000 per share, with total expected proceeds of approximately VND 538.1 billion. The proposal was approved with a voting ratio of up to 99.74%, demonstrating strong shareholder confidence and support for the Board of Directors’ plan.

Through this capital increase, the Company aims to strengthen its financial capacity, optimize cash flows, reduce financial expenses, and supplement resources for business operations in the coming phases. This is also a preparatory step to meet expansion needs as the market continues to grow.

Promoting manufacturing strategy with the goal of mastering the supply chain

Alongside its commercial vehicle distribution activities, VIMID is gradually expanding into manufacturing and assembly to complete its value chain.

At the meeting, the Company updated the progress of the manufacturing and assembly plant project of its subsidiary VMASS at Nam Dinh Vu Industrial Park (Hai Phong). The project was granted an investment certificate in March 2026, with a designed capacity of 15,000 vehicles per year and expected annual revenue of up to approximately VND 8,000 billion. On April 15, VMASS signed a land lease agreement with ready-built infrastructure to construct the plant, and is ready to implement the project upon completion of the final required procedures.

Regarding the manufacturing segment, the production and assembly of semi-trailers, trailers, vehicle bodies, cargo boxes, cabins and other automotive components are expected to reach a capacity of 10,000 units per year, generating approximately VND 400 billion in annual revenue. Import-export and distribution activities serving core production are expected to contribute an additional VND 1,000 billion in revenue per year.

The project is located in the free trade zone in Hai Phong, benefiting from synchronized logistics infrastructure and preferential policies, thereby creating favorable conditions for long-term expansion. Once operational from 2028, the plant is expected to help the Company reduce dependence on imports, proactively manage supply sources, and improve profit margins.

VVS is expected to continue benefiting from macroeconomic growth drivers

The Vietnamese Government has set a strategic target for the 2026–2030 period to achieve an average GDP growth rate of 10% or higher per year. This double-digit growth target aims to position Vietnam among the world’s large economies. The transportation and logistics sector is expected to maintain high growth at approximately 14–16% annually, while total public investment is projected to exceed VND 8.2 quadrillion, significantly higher than in the previous period, with a focus on developing transport infrastructure, logistics, and energy.

Accelerated disbursement and the simultaneous launch of major projects such as the North–South expressway, seaports, airports, and logistics centers are generating large-scale and long-term demand for the transportation of materials, equipment, and goods.

At the same time, the roadmap for stricter emission standards is driving a large-scale vehicle replacement cycle, creating a new wave of investment in the sector. In addition, the continued expansion in both scale and growth rate of e-commerce is further increasing demand for freight transportation.

These combined factors indicate that demand for trucks is entering a large-scale and prolonged growth cycle. In this context, VIMID—with its leading market share in the medium and heavy-duty truck segment and its nationwide 3S service station network—is well positioned to capture market demand and translate it into revenue and profit growth over the medium and long term.

Toward the goal of becoming a leading truck industrial group applying AI, robotics, and clean energy in Vietnam and the region

At the 2026 Annual Meeting of Shareholders, VIMID’s Board of Directors stated that the Company continues to maintain its position as the No.1 market share holder in the medium and heavy-duty truck segment in Vietnam. The Company will continue to enhance its management and operational capabilities and overall business quality, maintain its leading position, and aim to become the No.1 in overall truck market share, as well as a leading truck industrial group applying artificial intelligence, robotics, and clean energy in Vietnam and the region during the 2026–2030 period.