To achieve the above target, this year, Vingroup launched 5 electronic motorcycle models, 3 smart EV models (electric cars) and ICE (internal combustion engines), new models of cars. In the education segment, the group will open four new VinSchool campuses in Thanh Hoa and Hanoi.
In the recent investor meeting, representatives of Vingroup Group’s leaders (Ticker: VIC) shared about the upcoming strategy for 2021.
Accordingly, Vingroup aims to take the lead in electric vehicle (EV) vehicles with plans such as launching 5 electronic motorcycle models, preparing to launch 3 smart EV models (electric cars) and ICE. (internal combustion engine) new car model.
In addition, Vingroup has put EBus into operation at both Vinhomes / Vinpearl locations and public transport systems in Hanoi, Ho Chi Minh City and Phu Quoc.
Moreover, in this group’s plan, Vsmart mobile phone will jump from Top5 to Top3 market share in the domestic market.
Regarding education, Vingroup will open 4 new VinSchool campuses in Thanh Hoa and Hanoi. VinUni (Vingroup University) will recruit leading professors, promote applied interdisciplinary research and implement active technology-based learning.
Information on business results in the first quarter of the year, total consolidated net revenue reached 23,294 billion dong, up sharply 52% year-on-year thanks to continued handover and revenue recognition in three Vinhomes Ocean megacities Park, Smart City and Grand Park.
Along with that, manufacturing revenue increased strongly thanks to continued growth in car and phone sales. Specifically, revenue from production activities in the period reached VND 4,814 billion, up 48% over the same period last year thanks to VinFast cars, electric motorcycles and Vsmart smartphones that were well received by the market.
With the growth in revenue, the after-tax profit of the Vingroup Group reached 868 billion VND, up 72% over the same period last year.
Source: vietnambiz.vn – Translated by fintel.vn