On April 24, 2026, Victory Group Joint Stock Company (Victory Group) successfully organized its 2026 Annual General Meeting of Shareholders (AGM). A key highlight of the event was the election of the Board of Directors (BOD) for the 2026–2031 tenure, marking a strategic milestone in the Group’s journey toward sustainable development and reinforcing its position as a professional real estate developer in Vietnam.
The Victory Group Team at the 2026 Annual General Meeting of Shareholders
1. Market Context and Strategic Significance
Amidst a profound restructuring of the real estate market—which demands higher execution capabilities and corporate resilience—Victory Group’s 2026 AGM served as more than just an annual review. It functioned as a pivotal transition, shaping the strategic roadmap for the Group's next evolutionary phase.
The meeting was attended by the Board of Directors, the Executive Board, and shareholders. It offered an opportunity to reflect on past achievements while aligning on strategic objectives to navigate the evolving market landscape.
Members of the Board of Directors at the 2026 Annual General Meeting of Shareholders
2. 2025 Review: Demonstrating Capacity and Robust Growth
At the General Meeting, the Board of Management presented the 2025 business performance review and financial statements, highlighting a number of notable achievements. Accordingly, Victory Group recorded consolidated revenue of VND 494 billion, representing an 84% increase compared to 2024. The Group’s total consolidated profit reached VND 15 billion, up 136% year-on-year.
Beyond its impressive financial performance, the company also made significant progress in project execution. Over the past year, Victory Group signed more than 20 project development contracts with a total value of VND 3.32 trillion, while stepping up its marketing activities and expanding its customer base.
In terms of project implementation, the company simultaneously managed projects across multiple stages of development, including 10 projects in the investment preparation phase, 6 projects under construction, and the completion and handover of one apartment building project. These achievements demonstrate the company’s ability to coordinate multiple projects effectively and maintain progress amid ongoing market challenges.
At the same time, Victory Group continued to strengthen its operational foundation by enhancing construction consultancy services, expanding its workforce, and accelerating the application of technology in operational management. These initiatives are considered key factors in improving operational efficiency and laying the groundwork for sustainable growth.
3. 2026 Outlook: Accelerating on a Solid Foundation
Building on these achievements, the Chairman of the Board of Directors presented Victory Group’s development plan and strategic objectives for 2026, focusing on further expanding business operations, strengthening project development capabilities, and optimizing the Group’s corporate ecosystem.
Accordingly, Victory Group will prioritize enhancing project quality, increasing product value, and improving coordination among business units across its ecosystem. The Group also aims to expand its market presence while accelerating the application of technology in management and operations to boost productivity and strengthen competitiveness.
Key financial and business targets for 2026 include consolidated revenue of over VND 3 trillion, profit after tax exceeding VND 200 billion, and a total contract value of more than VND 7 trillion.
The Group’s strategy for the coming period is not only focused on scaling up its business but also on pursuing sustainable development and maintaining the flexibility to adapt to fluctuations in the real estate market.
Victory Group Leaders Discuss Strategic Growth Directions
4. New Board of Directors: Strengthening Corporate Governance
One of the key highlights of the General Meeting was the election of the Board of Directors for the 2026–2031 term. The newly elected Board is expected to play a vital role in shaping the Group’s strategic direction and guiding the company through its next phase of development.
With experienced professionals joining the Board, the new leadership is expected to strengthen corporate governance, enhance project execution efficiency, and expand business operations to meet the increasingly demanding requirements of the market.
5. Laying the Foundation for Sustainable Growth
The General Meeting also approved several important matters relating to financial operations, business plans, and shareholder policies, providing a solid basis for the implementation of the Group’s upcoming objectives.
A representative of Victory Group shared: “The 2026–2031 period will mark a phase of accelerated growth for the Group, with a focus on maximizing the effectiveness of its corporate ecosystem and enhancing the quality of project development. With a strengthened foundation and a clear strategic direction, Victory Group is expected to continue achieving significant growth and reinforcing its position in Vietnam’s real estate market.”