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Vinhomes, founded in 2008 and headquartered in Hanoi, Vietnam, is the largest commercial real estate developer in the country and the second largest public company in Vietnam. A subsidiary of Vingroup, Vinhomes develops properties in 40 cities across Vietnam. In 2022, the company delivered 19,000 apartments, villas and shophouses, playing a major role in the urban development of many regions.
Summary
Vinhomes performs poorly in the 2024 Urban Benchmark, with clear potential to improve its reporting on a substantial number of sustainability topics.
Vinhomes demonstrates good practice in stakeholder engagement by working with regulators, including local authorities. Additionally, it provides information on the qualifications of its board and management team. It also discloses its current, deferred and total income tax expenses for 2022.
Apart from this, the company can improve its sustainability reporting and performance on several fronts. The company has an opportunity to enhance its accountability by clarifying the highest governance body’s role in overseeing its sustainability strategy and establishing designated teams or committees for implementing the strategy. The company should also make its policy on lobbying and political engagement publicly available. Additionally, Vinhomes is strongly recommended to adopt a publicly available policy that commits to respecting human rights and outlines processes for identifying human rights risks at specific locations or through its business relationships. In relation to environmental sustainability, the company should commit to zero ecosystem conversion of protected areas to further strengthen its environmental stewardship efforts.
Ranking position
#173
/300
Total score
6.0
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
4.2
/100
Rank (0-300)
#153
Measurement area
Inclusive Cities
Score
# 1
10.8
/100
Rank (0-300)
#178
Measurement area
Healthy Cities
Score
# 1
6.7
/100
Rank (0-300)
#120
Measurement area
Climate Proof & Resilient Cities
Score
# 1
0.0
/100
Rank (0-300)
#170
Measurement area
Core Social Indicators
Score
# 1
8.3
/100
Rank (0-300)
#151
Industries
Industries
Real estate
#66
More about the company
Headquarters
Vietnam
Ownership structure
Public
Revenue
USD 2,681 billion (2022)
Number of employees
10962 (2022)
Website
https://vinhomes.vn/en
63716
