Vinhomes
A major Vietnamese property developer known for large residential, mixed-use and urban-development projects.
Last updated October 5, 2026
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Overview
Vinhomes is a Vietnamese real-estate development company and the principal property-development arm of Vingroup. Its business centers on planning, developing, selling and operating large residential communities, mixed-use urban districts and integrated developments. The company operates mainly in Vietnam and has been associated with the country’s shift toward master-planned housing projects that combine apartments, villas, retail, schools, healthcare facilities, leisure amenities and internal transport infrastructure. The Vinhomes brand developed within the broader Vingroup ecosystem, whose businesses have included real estate, retail, hospitality, healthcare, education and technology. Vinhomes has benefited from this group model by placing housing projects alongside Vingroup-operated or affiliated services and amenities. This approach has helped it market projects not simply as individual buildings, but as complete urban environments with a recognizable community identity. Its portfolio includes high-rise apartment developments, low-rise villas and townhouses, commercial property, offices and large-scale urban townships. Among the best-known branded developments are Vinhomes Royal City, Vinhomes Times City, Vinhomes Riverside, Vinhomes Central Park, Vinhomes Golden River, Vinhomes Ocean Park and Vinhomes Smart City. These projects are located primarily in Hanoi, Ho Chi Minh City and other major Vietnamese urban areas. The Ocean Park and Smart City developments in Hanoi represent the company’s large-scale township strategy, while Central Park and Golden River illustrate its development of major urban sites in Ho Chi Minh City. Vinhomes became a separately listed company on the Ho Chi Minh City Stock Exchange in 2018 under the symbol VHM. Its public-market profile made it one of the most closely followed Vietnamese real-estate companies and gave investors exposure to the country’s urbanization and housing demand. The company’s performance is affected by land acquisition and approvals, construction costs, mortgage availability, interest rates, property-market cycles, sales timing and the regulatory environment. The brand is positioned toward upper-middle-income and affluent homebuyers, investors and institutional or commercial counterparties, although individual projects may span several price segments. Its competitive proposition combines large land banks, master planning, recognizable project branding, extensive amenities and links to Vingroup’s wider consumer ecosystem. Vinhomes is not principally an overseas brand: its activities and operating assets are concentrated in Vietnam. Public information about individual projects, management arrangements and ownership percentages can change over time, so current corporate disclosures should be consulted for the latest details.
History
Vinhomes emerged as the dedicated residential and urban-development business within the Vingroup group. The company’s origins are associated with Vingroup’s expansion from individual property projects into a broad portfolio of branded residential communities. In its early development, projects such as Vinhomes Royal City, Vinhomes Times City and Vinhomes Riverside helped establish the Vinhomes name in Hanoi. These developments combined housing with shopping, schools, leisure facilities and other services, reflecting the group’s preference for integrated real-estate projects. The business subsequently expanded beyond Hanoi. In Ho Chi Minh City, Vinhomes Central Park and Vinhomes Golden River placed the brand in prominent central and riverside urban locations. Central Park was developed as a large mixed-use district incorporating residential towers, retail and public-realm amenities, while Golden River formed part of the redevelopment of a strategically located riverside site. These projects reinforced Vinhomes’s reputation for high-density, amenity-rich developments in major cities. A major stage in the company’s evolution was its separation as a publicly traded company. Vinhomes was listed on the Ho Chi Minh City Stock Exchange in 2018 with the ticker VHM. The listing made the business one of the most visible property companies in Vietnam’s capital market and provided a separate reporting and investment vehicle for Vingroup’s real-estate development activities. It also increased public scrutiny of project launches, sales, land holdings, financial performance and governance. From the late 2010s, Vinhomes increasingly emphasized large township projects on the urban edges of Hanoi and other growing metropolitan areas. Vinhomes Ocean Park and Vinhomes Smart City were conceived as extensive communities with apartment buildings, landed housing, retail, education, recreation, landscaped areas and supporting infrastructure. Their scale reflected Vietnam’s continuing urbanization and the demand for planned housing districts connected to expanding road and public-transport networks. The projects also illustrated Vinhomes’s use of a consistent brand architecture across multiple housing formats and customer segments. Vinhomes’s development model depends on controlling or accessing large development sites, securing planning and construction approvals, coordinating infrastructure and delivering projects in phases. Revenue and operating results can therefore vary according to the timing of unit handovers and project launches. Like other property developers, it is exposed to interest rates, credit conditions, construction inflation, legal and regulatory changes, land procedures and shifts in consumer confidence. The company remains primarily domestic in geographic scope. Its significance comes from its role in Vietnam’s modern housing and urban-development market rather than from an extensive international presence. Through its relationship with Vingroup, Vinhomes projects have commonly been marketed as part of a broader lifestyle ecosystem that can include retail, hospitality, healthcare, education, technology and electric mobility services. Current project ownership, management and operating arrangements should be checked against Vinhomes’s latest annual reports and regulatory filings.
- 2019
Expansion of Hanoi township portfolio
[2]Vinhomes Ocean Park and Vinhomes Smart City became prominent examples of the company’s large-scale, master-planned township strategy.
- 2018
Public listing on HOSE
[1]Vinhomes was listed on the Ho Chi Minh City Stock Exchange under the ticker VHM.
- 2013
Vinhomes Times City development
[1]Times City expanded the company’s integrated-development approach in Hanoi, combining housing with commercial, healthcare, education and leisure uses.
- 2010
Vinhomes Royal City development
[1]The Royal City project in Hanoi helped establish the brand’s model of combining residential buildings with retail, leisure and other urban amenities.
- 2008
Vinhomes business established
[1]Vinhomes traces its corporate origins to 2008, when the property-development business that later carried the Vinhomes identity was established within the Vingroup group.
Products and positioning
A large-scale Vietnamese urban developer focused on integrated residential communities, premium housing and master-planned townships.
Master-planned residential township · 2018
Vinhomes Ocean Park
A large residential township in the Hanoi metropolitan area. The development uses multiple housing formats and combines apartments, villas, townhouses, retail, landscaped public areas, recreation and community facilities. It represents Vinhomes’s strategy of developing new urban districts with a broad internal amenity base rather than isolated apartment blocks.
Master-planned residential township · 2019
Vinhomes Smart City
A major Hanoi-area urban development built around apartment housing, landscaped spaces, sports and leisure facilities, retail and supporting infrastructure. The project is marketed as a technology-enabled and connected urban community and forms part of Vinhomes’s concentration on large metropolitan township developments.
Mixed-use urban complex · 2014
Vinhomes Central Park
A prominent mixed-use development in Ho Chi Minh City that includes high-rise residential buildings, commercial uses, landscaped public areas and a major riverside park. The project helped extend the Vinhomes brand beyond Hanoi and demonstrated its focus on large, amenity-rich urban sites.
Mixed-use residential complex · 2013
Vinhomes Times City
An integrated Hanoi development combining residential buildings with shopping, entertainment and community services. It is one of the projects associated with Vinhomes’s early brand-building period and illustrates the company’s use of large complexes to create self-contained urban environments.
Mixed-use residential complex · 2010
Vinhomes Royal City
A Hanoi residential and commercial complex that helped define Vinhomes’s premium urban-development positioning. Its concept combines apartment living with retail, leisure and indoor community amenities, allowing the project to function as a substantial mixed-use destination.
Low-rise residential development · 2011
Vinhomes Riverside
A large Hanoi-area development centered on villas, landscaped surroundings, internal waterways and community amenities. Riverside contributed to the brand’s early association with premium housing and master-planned communities that provide a distinct residential environment.
Mixed-use urban complex · 2016
Vinhomes Golden River
A riverside Ho Chi Minh City development incorporating high-rise residences and commercial or community amenities. Its central location and mixed-use format illustrate Vinhomes’s participation in the redevelopment of major urban sites.
Brand decisions
2019
Shift toward large urban townshipsStrategyBackground
Vietnamese cities were expanding and demand was increasing for planned residential districts with coordinated infrastructure and services.
Action taken
Vinhomes advanced large township projects including Ocean Park and Smart City, using multiple housing formats and extensive shared amenities.
Aftermath
The projects strengthened Vinhomes’s identity as a master-planned urban developer and broadened its platform beyond individual premium residential complexes.
2018
Separate public listing of VinhomesStrategyBackground
Vingroup’s property-development activities had grown into a substantial business with a recognizable residential brand and a broad project pipeline.
Action taken
Vinhomes became a separately listed company on HOSE under ticker VHM.
Aftermath
The listing created a dedicated public-market vehicle for the property business and made Vinhomes one of Vietnam’s most closely followed listed real-estate companies.
Recent events
- 2019
Vinhomes expands large-scale Hanoi township developments[2]
Product launch
The Ocean Park and Smart City projects strengthened Vinhomes's strategy of developing extensive urban communities rather than standalone residential buildings.
- 2018
Vinhomes lists shares on the Ho Chi Minh City Stock Exchange[1]
Other
Vinhomes became a publicly traded company on HOSE under the ticker VHM, establishing a separate listed market identity for Vingroup's principal property-development business.
Sources4 sources
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