#1VINGRDUP VINCOM RETAIL VINHOMES VINTECH VINSCHOOL > VIN FA ST VinID VSMART VINGROUP Corporate Presentation March 2021 VINPEARL#2Important Notice IMPORTANT: The information contained herein is preliminary and subject to change without notice, its accuracy is not guaranteed, has not been independently verified and may not contain all material information concerning Vingroup Joint Stock Company (the "Company") and its subsidiaries (the "Group"). You should not rely upon it or use it to form the basis for any investment decision or commitment whatsoever. None of the Company, its shareholders, or any of their respective affiliates, directors, officers, employees, agents, advisers or any other person makes any representation or warranty (express or implied) or accepts any responsibility or liability for the accuracy or completeness of this presentation or any or all of the information in this presentation or otherwise made available. It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the financial or trading position or prospects of the Group. No part of this presentation shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. Further, nothing in this presentation should be construed as constituting legal, business, tax or financial advice. You should conduct such independent investigations and analysis of the Group as you deem necessary or appropriate in order to make an independent determination of the suitability, merits and consequences of investment in the Company. This presentation contains "forward-looking statements". These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond the Company's control and all of which are based on management's current beliefs and expectations about future events. Forward-looking statements are sometimes identified by the use of forward- looking terminology such as "believe", "expects", "may", "will", "could", "should", "shall", "risk", "intends", "estimates", "aims", "targets", "plans", "predicts", "continues", "assumes", "positioned" or "anticipates" or the negative thereof, other variations thereon or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are not guarantees of future performance. These forward-looking statements speak only as at the date of this presentation, and none of the company, its shareholders, or any of their respective affiliates, directors, officers, employees, agents, advisers or any other person undertakes to update or revise any forward-looking statements as a result of new information or to reflect future events or circumstances. 2#3Vingroup SWANCITY SWANCITY Landmark 81 - the tallest building in Vietnam (Vinhomes Central Park, HCMC)#4Unique and Dominant, Comprehensive Live-Work-Play Ecosystem #1 Mobility VinFast cars and e-motorcycles designed and manufactured to international standards #1 Real Estate Development Vinhomes luxury, high-end and mid-range integrated residential and commercial projects • 144,800 residential units sold in 2020 (1) #1 Retail Mall Vincom "all-in-one" shopping, entertainment and dining retail malls • 80 retail malls in operation • 31,500 cars and 45,400 electric scooters sold in 2020 #3 Smart Devices VinSmart advanced technology and smart devices 18 smartphone models launched in 2 years ⚫ 1.95mn Vsmart phones sold in 2020 Data Customers VINGRDUP Largest Ecosystem in Vietnam Technology #1 Digital Ecosystem • VinID super-app2) Vinshop B2B2C general trade platform OneHousing comprehensive home purchase and rental portal Source: Oxford Economics, Company information. Note: Company data as of 31 December 2020, unless otherwise stated. (#) ranking based on market share. (1) Based on total number of residential units sold by Vinhomes from 2010 to 2020. Includes units developable under block sale. (3) VinID is the largest loyalty platform in Vietnam. #1 Education • Vinschool high-quality K-12 school system • VinUniversity university and post-graduate education • 35 campuses under operation #1 Healthcare Vinmec international hospitals and clinics ⚫7 hospitals (2 JCI-accredited hospitals) 5 clinics #1 Hospitality and Entertainment Vinpearl premium resorts and hotels, high-end amusement parks and world-class golf courses ⚫ 17,500 operational hotels and beach villa rooms 4#5The Largest Conglomerate in Vietnam, Asia's Next Tiger Economy (1) 2.2% of nominal GDP (1) Most profitable amongst privately owned enterprises 17.3% (2) of VN Index (3) Nationwide operations in all 63 provinces and municipalities US$33.0bn combined market cap (2) 44,100 employees (1) Largest private Vietnamese corporate employer ISI Source: Company Information, HOSE Website, Bloomberg, Vietnam Profit 500 as of Mar 15, 2021 Notes: USDVND exchange rate of 23,170 (1) As of December 2020; (2) Included Vingroup, Vinhomes and Vincom Retail; (3) Market Capitalization of VN Index (US$170.4bn); ไป VinFast factory, Dinh Vu, Hai Phong, Vietnam ASE 5#6Track Record of Developing New Businesses into Market Leaders Total Assets (US$bn) (1) • 1993 Technocom was set up 2000– Technocom-Vingroup returned to Vietnam 2001 Vinpearl Launch 2002 Vincom Launch 2003 1st Vinpearl Hospitality Development (Resort Nha Trang) • 2004– 1st Vincom Center (Ba Trieu) 2006 – 1st VinpearlLand (Nha Trang) VINMEC INTERNATIONAL HOL (10) VinMart US$10.7bn raised through 24 transactions since 2013, of which US$6.6bn was in equity VinID VINFAST 11.0 VSMART 13.7 18.2 17.4 VINPEARL VINSCHOOL VINHOMES 8.7 6.9 VINCOM RETAIL 4.6 4.1 3.3 2.5 1.7 0.9 0.1 0.3 1993 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Services Industrials Real Estate US$18.2bn in total assets (c.182x increase since 2007) Position Real Estate Development #1 (2) Retail Mall #1 (3) Hospitality & Entertainment #1 (4) Mobility #1 (5) Smart Devices (6) #3 Healthcare #1 (7) Education #1 (8) Digital Ecosystem #1 (9) Source: Financial information as of 31 December 2020, unless otherwise stated (1) Total assets from 2009 to 2018 based on IFRS financials, while total assets from 2007 to 2008, 2019 and 2020 based on VAS financials. USDVND exchange rate of 23,190 as at 31 December 2020. (2) Based on cumulative units sold in 2016-2020 across all segments in the residential markets of HCMC and Hanoi, only includes retail sales, according to CBRE, as of 31 December 2020. (3) Based on Vincom's combined retail GFA in Hanoi and HCMC, and GFA of all multi-tenant shopping malls in Hanoi and HCMC as of June 2019. (4) Based on number of rooms in 5-star hotels and resorts in the cities that Vinpearl's brands are present by Vietnamtourism.gov.vn, data collected in July 2019. (5) Based on market share in the respective segments of A, D-sedan and D-SUV, according to VAMA and company information in Q4.2020. (6) Based on market share in 2020 (GfK report). (7) Vinmec hospitals were ranked among Top 1 or Top 2 on quality indicators that are set and assessed annually by the Ministry of Health. (8) Based on total number of kindergarten to high school students in selected private and international schools in Hanoi and HCMC in June 2019. (9)) VinID is the largest loyalty platform in Vietnam. 6#7Riding On An Exciting Digital Journey To Transform Experience On Unprecedented Scale STAGE 2 3 Enablers Data-rich customer platform Strategic partnership with industry leaders • World-class R&D team 4 Catalysts Large addressable markets High rate of technology adoption Attractive demographics Geopolitical advantage 5 Strategies • • • Best-in-class and smart products Disrupt traditional industries with new technologies Technology-driven innovative consumer platforms Data analytics to enhance customer understanding and improve offerings Improve operational efficiency STAGE Delivered core offerings with Real Estate #1 VINHOMES #1 Mobility #1 VITAS. market leadership Development #1 Retail Mall VINCOM RETAIL #3 Smart Devices #1 VSMART Source: Company Information #1 VINPEARL Hospitality and Entertainment #1 One Mount Group Digital Ecosystem VINMEC Healthcare INTERNATIONAL HOSPITAL Education VINSCHOOL Noti 7#8Corporate Structure REAL ESTATE US$15.5bn (1) VINGROUP XXXXXXX INDUSTRIALS & TECHNOLOGY US$14.2bn (1) 73.7% 51.2% VINHOMES Real Estate Development US$3.4bn (1) 60.3% VINCOM RETAIL Retail Mall 62.0% 80.0% 100.0% VINPEARL Hospitality and Entertainment Entities listed on HOSE Source: HOSE. Company information as of 31 December 2020 Mobility VIHFAST Smart Devices VSMART VINTECH Technology R&D and IT Solution Development 51.2% One Mount Group Digital Ecosystem SERVICES 100.0% VINMEC INTERNATIONAL HOSHTAL Healthcare 100.0% VINSCHOOL Education VINUNIVERSITY Masan CONSUMER < 15% Consumer Retail VinCommerce Note: All shareholding percentages presented are based on Vingroup's effective interest. (1) Indicates market capitalization of the listed entity as of 15 March 2021. USDVND exchange rate of 23,170. (2) Non-controlling interest in a subsidiary of Masan Group which owns Masan Consumer Holdings, the largest manufacturer of consumer products by revenue, and VinCommerce, the largest consumer retail network in terms of number of grocery retail stores 8#9Key Competitive Advantages 1 Favourable Macro-Economics in Vietnam and Across All Consumer Industries 2 Largest Ecosystem in Vietnam with Market Leadership Across Multiple Businesses M 3 Dominant Integrated Real Estate Developer, Owner and Operator 4 Proven Track Record of Developing Vietnamese Brands of Scale LO 5 Unparalleled Execution Capabilities in New Business Sectors 6 Prudent Financial Policies and Strong Financial Position The making of VSmart phones#101. Favourable Macro-Economics in Vietnam and Across All Consumer Industries VINFAST VinFast Manufacturing Complex, Hai Phong#11Source: Note: (1) Thailand (0.8%) (0.5%) Singapore Malaysia Indonesia Philippines Vietnam 2.3% Singapore 3.6% 4.1% 1.1% Malaysia 4.7% 1 Strong Macro Tailwinds Fastest Growing Economy in Southeast Asia Real GDP growth 2019A - 21E CAGR (%) Fastest Growing Middle- Income Segment in SEA Middle income population (1) growth 2019 24E CAGR (%) One of the Highest Private Consumption in Southeast Asia Private consumption as % of GDP in 2019 One Of The Strongest Internet Economy Growth In SEA Internet economy GMV growth CAGR 2020-25E (%) Thailand 2.8% 5.0% Euromonitor, CEIC. Information collected in May 2020 Exchange rates are based on historical exchange rates in respective years as provided by EIU. Middle income population defined as households with disposable income of more than US$10,000 per annum. 2019 middle income population is an estimate while 2020 to 2024 are forecasts Indonesia Philippines Vietnam 7.2% Singapore 13.9% 36.0% 7.9% Thailand Malaysia Indonesia Vietnam Philippines 48.9% Singapore 58.6% 59.4% Malaysia Indonesia Thailand 68.2% Vietnam 19.0% Philippines 76.5% Vietnam's internet economy is expected to reach US$52bnin 2025E from US$14bn in 2020E 25.0% 23.0% 21.0% 30.0% 29.0% 11#121 Robust Growth Expected for Both Cars and Electric Motorcycles Significantly Low Car Penetration 2019 car ownership per 1,000 people ...Leading To Substantial Growth In The Passenger Car Market Vietnamese car market projection ('000 units/year) 4.6x 2.3x 1.4x Vietnam Philippines 13.0x 15.3x 380 361 USA Malaysia Thailand Indonesia Number of times the car ownership in Vietnam Fourth Largest Motorcycle Market Globally With Low Penetration of e-motorcycles CAGR 2014-19 (%) 30 Motorcycle market size (volume, 2019) 20 Myanmar Vietnam Philippines 10 0 0 5 Thailand India 10 Taiwan South Korea Malaysia. Indonesia 15 2019A-2023E CAGR: 13.6% 601 520 446 2019A 2020E 2021E 2022E 2023E Electric Motorcycles Expected To Gain Market Share Vietnamese motorcycles market ('000 units/year) 3% 2019A-2030F CAGR: 33.3% ICE 60% E-Motorcycle % E-Motorcycle market share 2,365 100 (6.4%) 2019A-2030F CAGR: 3,270 1,577 E-motorcycles 2019 market share (%) 2019 20 25 Source: EIU, Vietnam Census, BCG population and wealth models, IHS Markit Automotive 2019, Freedonia 2019, BCG Research & Analysis. 2030F 12#131 Consumer Spending to Grow across Vingroup's Key Consumer Segments Healthcare - Increasing Household Healthcare Expenditure From Aging Population And Rising Disposable Income Household Healthcare Expenditure (US$bn) Education - Increasing Household Education Spending As More Families Can Afford Quality Education Household Education Expenditure (US$bn) 3.5 2019A-2024E CAGR: 11.7% 6.1 5.5 4.9 4.4 4.0 2019A-2024E CAGR: 11.8% 3.7 5.1 4.6 4.1 3.3 2.9 Tourism - Domestic And International Tourist Arrivals Increasing At A Rapid Pace Arrivals (mm) 2020A-2025E CAGR: 14.9% 96.1 89.9 82.8 23.9 73.6 22.5 20.9 63.8 17.5 14.0 48.0 4.9 72.2 67.4 62.0 56.1 49.7 43.1 2019A 2020E 2021E 2022E 2023E 2024E 2019A 2020E 2021E 2022E 2023E 2024E 2020A 2021E 2022E International tourists 2023E Source: Pew Survey, BMI, Euromonitor. 2024E Domestic tourists 2025E 13#14. . 1 Experiencing Favorable Geopolitical Shifts Beneficiary of global supply chain disruption due to geopolitical shifts • Supportive government policies and robust infrastructure investment • Strategic geographical advantage supports global distribution Competitive advantages in land supply, labor costs and human capital Increasing migration and expansion of global leaders into Vietnam OLYMPUS Nintendo Canon Highest level of public investment as % of GDP (2020 Target) Rapidly growing FDI flow Registered FDI (US$ bn) 10% 2015-2019 CAGR: 14% 36 7% 23 24 24 (intel) SAMSUNG MITSUBISHI MOTORS TOYOTA 3% Drive your Ambition Hanwha Aero Engines mazda Source: Euromonitor, MPI FOXCONN *L-LG Lenovo SHARP Schindler 4% 4% 4% ID MY TH SGN PH HH 38 36 VN 2015 2016 2017 2018 2019 14#152. Largest Ecosystem in Vietnam with Market Leadership Across Multiple Businesses NG HAPPIN MUREM#162 Largest Ecosystem in Vietnam with Market Leadership Across Multiple Businesses The only company in Vietnam with extensive presence across the consumer ecosystem Leadership position across multiple consumer sectors demonstrate ability to start new business and develop them into industry champions • Leveraging unique database unmatched by any competitor to create sustainable "moat" 10AM Conference call 11AM Book hotel VSHART VINSCHOOL 8:30AM School TRUEU HO 00 • Today, applying superior data analytics capabilities to enhance customer experience and cross-selling opportunities Source: Company information 7:30AM Drive V VINFAST VINPEARL VINMEC VINEC SRNATIONAL HOS 1PM Health check-up VinID 2PM Pay for coffee 24/7 Vin Shop ox Vie PHOA BI CÔNG NGHỆ 4:30PM Groceries VINHOMES 6AM Home VINCOM RETAIL 6PM Shopping 16#172 Leveraging Data Analytics for Deep Behavioral Understanding and Continual Improvement of Platform Offerings Source: Company Information VINFAST VINGROUP VINPEARL VINMEC INTERNATIONAL HOSPITAL VSMART CONSUMER DATA VANTIX VINBRAIN VINBIGDATA VinɅi One Mount Group Data Analytics CONSUMER PREFERENCES Customer Touchpoints Superior ecosystem experience based on unified customer profiles VINHOMES TOUCH POINTS Introduce New Offerings Industrial Tech VinID Pay Vin Shop VANTIX Consumer Tech & Fintech NEW OFFERINGS/MARKETS Others Dr.Aid™ VINBRAIN Personalized Services & Products Product Enhancements & Solutions Smart Solutions Lifestyle and Convenience Connectivity 17#183. Dominant Integrated Real Estate Developer, Owner and Operator *** Vinhomes Grand Park (HCMC)#193 Dominant Integrated Real Estate Developer, Owner and Operator . Unrivalled nation-wide land bank to support Vingroup's growth and sustainability RESIDENTIAL, OFFICE AND INDUSTRIAL RESIDENTIAL 164mn US$22.9bn sqm of residential GFA landbank Addressable market (1) US$2.8bn Unbilled bookings (2) OFFICE FOR LEASE VINHOMES 120,000 87% 5.2mm VINCOM RETAIL sqm of office NLA (3) Occupancy rate sqm of office NLA (3) by the end of 2035 in operation INDUSTRIAL REAL ESTATE 22.1mm sqm of NSA (4) 6.9mm sqm of NLA (3) in pipeline for sale in pipeline for lease RETAIL MALLS 80 Malls under operation ~1.7mm sqm of Retail GFA 43 out of 63 Cities and provinces covered in Vietnam Well-diversified coverage of real estate segments across Vietnam Source: (1) (2) (3) CBRE. Company information as of 31 December 2020, unless otherwise stated. For condominium market only; based on CBRE condominium demand model and annual condominium demand of c.186,000 units in 2022E at an assumed price of US$127,000 per unit. As of 30 December 2020, fx USDVND 23,190 Represents net leasable area. Business plan and subject to change (4) Represents net saleable area for the project's lifetime (5) Including four Vinpearl Golf courses, four VinWonders amusement parks, two Safaris and two F&B and ancillary entertainment service areas HOSPITALITY AND ENTERTAINMENT 17,500 Total rooms in hotels and beach villas VINPEARL 17 Key tourist destinations across Vietnam 47 Projects under operation (5) 19#203 Vinhomes - Dominant Residential Platform Largest Land Bank Delivers Sustainable Growth Land bank(1) (mm sqm) Translates to 164mm sqm of residential GFA 168 ~24x the land bank of our next largest competitors Superior Returns Return-on-Equity(2) (%) Vinhomes Land & Houses Ayala Land Novaland Vinhomes 7 7 5 Developer A Developer B Developer C Unparalleled Execution Capabilities Land Acquisition Master Planning and Design Land Clearance Infrastructure and Ecosystem Sales and Marketing Quality Control Property Management Ability to secure the best land banks in Vietnam Master planning capabilities and integrated developments Accelerated land clearance process (9-12 months) Vingroup ecosystem of retail malls, schools, hospitals, etc. High take up rates during presales with high % of upfront payments In-house construction management, ability to control costs, quality and speed Strong after sales service and management of facilities Source: Company information 38.8% 19.1% 15.7% 15.4% BSD 9.6% Diversified Product Offerings US$22.9bn (3) total addressable market per annum Diamond-Luxury apartment units that offer the most privileged living standard Ruby-High-end apartments for young affluent families Sapphire Modern apartment units catered for young and savvy % of households in total population (4) 1.3% 0.4mm Households 4.4% 1.2mn Households 19.4% 5.2mn Households Average Selling Prices (US$/sqm) (5) Luxury > US$4.0k High-end US$2.0k $4.0k Mid-end US$1.0k 2.0k 44.2% Affordable 12.0mn Households < US$1.k (1) As of 31 December 2021. Including apartments, office-tels, shop-houses, shop office, villa, commercial for sale, beach villa and condo-tel. Excludes completed projects. 164 mm sqm of residential GFA converts into c. 146 mm sqm of NSA. Not including GFA from Vinhomes Hoc Mon and Industrial land bank. (2) Refers to net profit after minority interests divided by shareholder's equity in 2019. (3) For condominium market only; based on CBRE condominium demand model and annual condominium demand of c.186,000 units in 2022F at an assumed price of US$127,000 per unit. (4) JLL report as of March 2018. Percentages shown exclude 30.8% of households within the segment of household below affordable. Segments include households within the respective income ranges: Luxury (more than US$85k), Premium (US$55k - US$85k), Mid-end (US$25k- US$55k), Affordable (US$10k-US$25k) and Below Affordable (below US$10k). (5) Based on net saleable area. 20 20#213 Property Development Model And Payment Schedule Built on Favorable Regulatory Framework for an Efficient Self-funding Business Model 2-2.5 years Source: €2 (1) (2) Site Selection Master Planning & Design Condo: 6 months Condo: 6-10 months Villa: 12 months Villa: 2-3 months Condo: 12-16 months Villa: 9-10 months Land Clearance • In-principle investment approval Project master plan • Environmental assessment • Project design Government is responsible for site clearance (2) Receive land allocation to begin construction Foundation Construction & Fitting Out Collection of cash based on the construction progress (totaling up to 70% of purchase price for Vietnamese developers; up to 50% for foreign developers) Pre-Sales: Effective Management of Default Risk Majority of units are pre-sold immediately after land clearance has completed and project construction has broken ground Presale customers required to pay non-refundable deposits of at least 30% of total purchase price In 2020, 89% of Vinhomes customers paid 70% or higher of total contract price to secure discount Payment of estimated land use and rental fee (1) Company Information, CBRE In order to expedite the land clearance process, Vingroup typically pays estimated land use and rental fees in advance, and the Government uses such advanced payments for land owners resettlement compensations While the Government is in charge of site clearance, Vingroup takes an active and coordinated role in terms of identifying land right holders, education and, in some cases, purchasing land rights Handover to Buyers 21 21 • 95% of purchase price must be paid before being issued the land use right certificate (LURC) Full payment will be collected thereafter#223 Expansion into Industrial Real Estate to Capitalize on the Attractive Sector Tailwinds Leveraging Vinhomes' Expertise in Sourcing/Acquiring Land as well as Real Estate Development Vinhomes' Superior Industrial Real Estate End-to-end Value Chain Additional Pillar of Vinhomes' Medium Term Strategy to Diversify and Increase Recurring Revenue and Provide More Avenues for Capital Recycling Diversification Across the 3 Segments Land Acquisition Access to industrial park land bank through Vingroup, VinFast and VinSmart Master Planning and Design Infrastructure and Ecosystem Construction and QC • • Experience in master planning for integrated projects such as Hanoi, Hai Phong, Quang Ninh, Ho Chi Minh City (Can Gio) and Phu Quoc Synergy with VinFast/VinSmart - ecosystem of industrial and smart device manufacturing, suppliers and importers End-to-end construction management capability to ensure rapid execution and quality control Ability to control costs and deadlines • Ability to identify key anchor tenants based on Identify Anchor Tenants Source: Company information 田 О Residential Office experience and in-depth understanding across verticals Industrial 000 22 222#233 Industrial Real Estate as a New Growth Driver FDI in Vietnam Has Seen Accelerating Growth Registered FDI (US$ bn) (1) ~60% of FDI is in Manufacturing and Processing Registered FDI (US$ bn), 2019(2) 22.8 24.4 2015-2019 CAGR: 14% 35.9 35.5 38.2 2015 2016 2017 2018 2019 US$38.2bn Total Registered FDI Others 25% Real estate 10% Manufacturin g 65% Structural Drivers for Increasing Manufacturing in Vietnam (3) ✓ Government to invest additional VND21tn (US$924mn) in the development of infrastructure for economic zones and industrial parks (4) ✓ Shifting of manufacturing supply chains to Vietnam due to US-China trade war, low labour costs and government incentives to drive FDI (e.g. LG, Samsung, Kyocera, Nintendo etc.) ✓ Room for growth in manufacturing contribution to Vietnam GDP (current contribution: 20%) ✓ Abundant land supply to facilitate incoming manufacturing projects ✓ Diversification due to COVID-19 disruption IPs in Northern Vietnam remained a promising market despite COVID-19 Source: Company information Robust Industrial Parks Growth Throughout Vietnam Top Provinces by FDI, 1H2020 Province Occupancy YoY Lease price YoY growth 1 Bac Ninh 11.8% 9.2% 2 Vinh Phuc 3.8% 4.8% 3 Ha Noi 1.1% 13.2% 4 Hai Duong 7.9% 15.2% 5 Hai Phong 1.1% 3.2% 6 Hung Yen 3.5% 6.4% 7 Dong Nai 1.1% 6.5% 8 Binh Duong 2.1% 4.9% 9 Ba Ria Vung Tau 12.9% 18.2% 10 Long An 1.2% 7.9% 23#244. Proven Track Record of Developing Vietnamese Brands of Scale D P!!! 18:30 10 THÁNG 03 NĂM 2019#254 Proven Track Record of Developing Vietnamese Brands of Scale Source: Company information Most Loved and Respected Brands Vietnam Report 2020 Top 10 largest enterprises in Vietnam ASEAN NCAP 2020 AUTOEST VNR 500 Excellent award for new manufacturer safety commitment World Travel Awards 2019 • Asia's Leading Family & Beach Resort - Vinpearl Resort & Spa Phu Quoc World's Leading Riverfront Hotel - Vinpearl Luxury Landmark 81 Brand Finance 2019 • Vietnam's Top 50 Most Valuable Brands AUTOBEST 2018 "A Star is Born" Award Contribution to a Sustainable Economy Forbes • Global 2000 (2019-2020) • Asia's 200 Best Over A Billion (2019) Forbes Vietnam . Top 50 Listed Companies (2019) • Top 40 Most Valuable Brands in Vietnam (2018) Nikkei Asia 300 (2015-2019) . Top 300 largest and fastest growing businesses in Asia Global Banking & Finance Review 2019 • Best Investor Relations Company in Vietnam Asia 300 550 Forbis Best Designs ASIA PACIFIC PROPERTY AWARDS DEVELOPMENT International Property Awards • INTERNATIONAL PROPERTY AWARDS Best Retail Development - Asia Pacific (2019) - Vincom Center Landmark 81 Best International Retail Development (2019) - Vincom Center Landmark 81 World's Best Property (2018) - Vinhomes Riverside Asia Pacific Property Awards · Best Mixed-Used Development (2019) - Vinhomes Ocean Park Vietnam's Best High-Rise Building (2017) - Vinhomes Metropolis Vietnam's Best Architectural Building (2017) - Landmark 81 Vietnam's Best Mixed-Used Development (2016) - Vinhomes Central Park Most Successful Transactions GET ASIAN A TRIPLE A AWAR FinanceAsia The Asset AAA • Best Vietnam IPO (2018), Best M&A (2018), Best Syndicated Loan (2018), Best Issuer - Corporate (Southeast Asia - 2018) Best Vietnam Transaction (2020) FinanceAsia . . IPO of the Year (2018), Best Vietnam Deal (2018), Private Equity Deal (2017) Best Frontier Market Transaction (2020) 25#264 Superior Brand Equity Fosters Consumer Trust and Lower Customer Acquisition Costs Vin-brands being a household name across sectors... Vingroup nielsen Top 2 local brand Nielsen 2020 Vinhomes– Vincom Retail Forbes 50 CÔNG TY NIÊM YẾT TỐT NHẤT Top 10 Brand Forbes Vietnam 2020 VinFast [ Vinpearl AUTO EST TOEST. 2018 Vietnam Ve dep lát tan "A Star is Born" Award Auto Best 2018 Top 10 Five-star Hotels Vietnam Tourism Awards 2018 ...serves as a launch pad for new products to gain immediate recognition and access to a large customer base ►YouTube AUTO DAILY Autodaily.vn 525K subscribers Record sale of within 10 days Source: Company information 5,200 cars XE HAY 1.9M subscribers FACEBOOK 59 509,000 Dedicated Members fan groups 26#275. Unparalleled Execution Capabilities in New Business Sectors VinFast electric car - VF32 model#285 VinFast's Rapid Evolution and Clear Trajectory for Future Acceleration Our Value Proposition Best value Superior customer experience 01 02 03 in respective segments Seamless end-to-end experience powered by technology and dedicated services Safe-High Quality-Smart -Economical 04 Superior after-sales service and support 05 Substantial benefits from Vingroup's existing ecosystem (in Vietnam) PHASE 1 PHASE 2 Foundation Establishment of Manufacturing & Commercial Infrastructure (2017-2019) Established hardware, software capabilities and commercial infrastructure 2018 2019 Klara Note: EV Electric Vehicle, ICE = Internal Combustion Engine Lux SA2.0 Acceleration >>> Smart Technology & Electrification (2020-2021) PHASE 3 Go Global (2022+) ⚫ Capture market share and establish leading position in domestic market • Build smart electric car platform •Prepare for entry into US market Fadil Lux A2.0 President V8 VinBus (SOP) Klara S Impes Ludo 2020 Full-size SUV SUV Mid-size SUV 3 new smart EV & ICE car models, of which 2 new smart EV car models will be launched internationally 2021 VINFAST 28 Enter global markets beginning with US market Theon Feliz 3 new e-motorcycle models#29Stellar Track Record of Market Penetration E-Motorcycle ✓ #1 in E-motorcycle segment in 2020 City Car #1 in A-segment in 2020 Sedan SUV Fadil #1 in premium mid-size sedans in 2020 (1) #1 in premium mid-size Lux A2.0 SUVs in 2020(2) Lux SA2.0 Quarterly market share (%) Quarterly market share (%) Quarterly market share (%) Quarterly market share (%) 95% 41% 93% 91% 25% 38% 38% 90% 89% 88% 36% 84% 22% 85% 82% 82% 20% 80% 77% 16% 75% 70% 65% 60% 55% 50% 1Q2020 2Q2020 3Q2020 4Q2020 1Q2020 2Q2020 3Q2020 4Q2020 1Q2020 2Q2020 3Q2020 4Q2020 1Q2020 2Q2020 3Q2020 4Q2020 City Car Premium Mid-size SUVs Premium Mid-size Sedans Source: Based on VAMA and Company information as of 31 December 2020. (1) (2) Premium mid-size sedans include VinFast Lux A, Mercedes E-Class, BMW Series-5, Volvo S90, Audi A6, Jaguar XF Premium mid-size SUVs include VinFast Lux SA, Porsche Cayenne, MercedesBenz GLE, Volvo X90, Audi Q5, BMW X5, BMW X6, Range Rover Velar, Range Rover Sport, Land Rover Discovery, Lexus GX, Jaguar F-Pace, Volkswagen Touareg 29#305 Unparalleled Execution Capabilities - Successful Establishment of Manufacturing Capabilities and Commercial Infrastructure Record time to market • State-of-the-art Manufacturing Complex 12 months • Launched three car models 18 months Established supply chain and partnerships with industry leaders Source: Company information Lithium ion battery factory with LG Chem Electrification EDAG SIEMENS SAMSUNG LG Chem SAMSUNG SDI BOSCH FEV Automobiles/E-Motorcycles DÜRR pininfarina A MAGNA ICAHK AVL A MAGNA STEYR BOSCH SIEMENS KM thyssenkrupp (7F) SCHULER ABB Extensive distribution network for both automobiles and e-motorcycles 78 Showrooms, Dealers & Workshops 120 Showrooms, Dealers & Workshops (1) 30#315 Vinsmart Evolution and Strategic Plan - Integrated Smart Devices and lot VinSmart offers a full range of smartphones and has swiftly achieved Top-3 market position in smartphones after only 16 months, a record in Vietnam AR/VR 20180 Source: Company information Live Active 1+ Active 1 Joy 1+ Joy 2+ Joy 1 General Assembly Factory 2019 Live 4 Bee Lite E-motorcycle components VinFast electric vehicles Smart Purifier Active 3 Joy 3 Joy 4 Aris Thermal cameras Bee Star Smart TV (Round 1) Bee 3 Star 3 Star 4 Aris Pro Smart TV (Round 2) Full range Smart home devices 2020 Factory #1 Molding factory Battery factory (()) Antenna factory Total area: 44,000 m2 Annual capacity: 23 million smartphones 1 million loT devices 2 million other smart devices New rounds of smartphones Wearable Vsmart Brand Smart Virus killer 20021+ • OEM/ODM Smartphone International OEM contracts Began OEM strategy with 1.5mn smartphones under OEM agreement to export in 2020 Signed OEM contracts with a major US operator - showcased R&D, design and manufacturing capabilities Aris 5G Concept phone 5G concept phones in July 2020 Aris 5G concept phone produced only 1 year after partnership with a US-chip manufacturer 5G Smartphones Various US Telco Projects Several 5G smartphones sold in the US from Jan 2021 31#325 One Mount Group Is Creating Vietnam's Largest Digital Ecosystem One Mount's integrated ecosystem across multiple platforms is developing an expansive and fast growing O20 network starting with three main economic sectors: Retail, Real Estate and Financial Services. VinID Vin Shop H OneHousing TAM: $4bn¹ Super App connected to the largest loyalty platform in Vietnam Unique customer database covering all facets of 11mm customers' daily life Seamless customer experience on • • Loyalty programs Cashless payments • Fintech solutions Vouchers, shopping and ticketing TAM: $45bn² B2B2C platform transforming traditional retail Deep synergy with VinID as payment, order, and loyalty app Aims to become Vietnam's largest master distributor Innovates traditional retail stores through supply chain optimization via Vinshop app TAM: $20bn³ One-stop-shop for real estate products and services All-in-one platform for home buying or renting and other related housing services • Property search, payment and after-sales services on a single tech-enabled platform • Under pilot test Source: Company information, Bain Temasek report 2019 Notes: (1) represents Vietnam's forecasted digital financial services revenue in 2025, not including 1ID serves the B2C portion of 1MG B2B2C strategy; (2) represents FMCG market size including fresh products; (3) represents residential real estate market (primary and secondary) 32 32#335 Strategic Partnerships with Industry Leaders Complement in-House R&D Capabilities Integrated in-house product development capability Experience Design 400 Al/Big Data Engineers 826 VinFast R&D Industrial Design Vingroup Technology Ecosystem Core Development VINBIGDATA Automotive Electronics Center Capabilities (1) VINFAST VSMART Smart Vehicle Application Center VinCSS By Electrification SAMSUNG SAMSUNG SDI AVL FEV LG Chem KREISEL Automobiles/Motorcycles KM Faurecia AVL GM 7F) Ontinental Ho un Welc Hardware Design Software Design Product Integration Source: Company Information 760 VinSmart Engineers 720 One Mount Group Engineers / Data Scientists VINUNIVERSITY VINTECH VINBRAIN VANTIX Autonomous Driving Center VinɅi Fully utilized the smart device research and manufacturing capability in the ecosystem Core Development Capabilities & Vingroup Technology Ecosystem HR Key Suppliers and Industry Partners Industrial Technology DÜRR BOSCH SIEMENS GROB DASSAULT SAP SYSTEMES ThyssenKrupp ABB Smart Devices Google Qualcomm SAMSUNG SK hynix MEDIATEK ArcSoftDQ 33#345 Visionary Management With Proven Track Record Board of Directors Mr. Pham Nhat Vuong Chairman of the Board of Directors • Holds a Bachelors Degree in Geological Economic Engineering, graduated from Moscow Geology University in Russia • Long track record as an entrepreneur both in and out of Vietnam, founded Technocom Limited Company in Ukraine, which was sold to Nestle S.A. in 2010 • Established Vinpearl in 2001 and Vincom in 2002 • Founder and largest single shareholder in Vingroup • Recognized as Vietnam's first billionaire by Forbes Magazine (2012), and retained the position as the billionaire with the highest networth in Vietnam since then Ms. Pham Thuy Hang Vice Chairwoman Mr. Le Khac Hiep Vice Chairman cum Independent Member Ms. Pham Thu Huong Vice Chairwoman Mr. Marc Villiers Townsend (1) Independent Member Ms. Nguyen Dieu Linh Vice Chairwoman Mr. Prof. Ling Chung Yee Roy(2) Independent Member Mr. Nguyen Viet Quang Vice Chairman cum CEO Mr. Park Woncheol (3) Member Senior Management Ms. Thai Thi Thanh Hai • Vice Chairwoman •27+ yrs experience ⚫7+ yrs with Vingroup Ms. Le Thi Thu Thuy Vice Chairwoman • 25+ yrs experience • 13+ yrs with Vingroup Ms. Le Mai Lan • Vice Chairwoman . 24+ yrs experience • 7+ yrs with Vingroup Mr. Nguyen Viet Quang • CEO • 25+ yrs experience 11+ yrs with Vingroup Ms. Duong Thi Hoan Dy CEO 22+ yrs experience • 14+ yrs with Vingroup • Ms. Mai Huong Noi Dy CEO 30+ yrs experience 15+ yrs with Vingroup James B. Deluca ⚫ Dy CEO • 41+ yrs experience 4+ yrs with Vingroup Mr. Pham Van Khuong ⚫ Dy CEO 38+ yrs experience 19+ yrs with Vingroup Ms. Anne Pham CIO 16+ yrs experience 8+ yrs with Vingroup Management has an average of 27+ years of experience Source: Company information as of 31 December 2021. (1) Mr. Marc Villiers Townsend is the Chairman of CBRE Cambodia. Prof. Ling Chung Yee Roy is the Managing Director of RL Capital Management. Mr. Park Woncheol is the member of the Board of Directors, SK Investment Vina Il Pte. Ltd. • Ms. Nguyen Thi Diu Dy CEO 25+ yrs experience 7+ yrs with Vingroup 34 54#355 Committed to International Corporate Standards 1. Separate Management Teams for Every Business Segment VINHOMES VINCOM RETAIL Mr. Pham Thieu Hoa CEO Ms. Tran Mai Hoa CEO CEO • 34+ yrs experience 18+ yrs with Vingroup • 27+ yrs experience • 7+ yrs with Vingroup 35 VINPEARL Ms. Vu Tuyet Hang 30+ yrs experience 16+ yrs with Vingroup V VINFAST Ms. Thai T. Thanh Hai CEO • 27+ yrs experience • 7+ yrs with Vingroup VSMART Ms. Le T. Thu Thuy CEO •25+ yrs experience • 13+ yrs with Vingroup One Mount Group Ms. Nguyen Thi Diu President • 25+ yrs experience 7+ yrs with Vingroup VINMEC INTERNATIONAL HOSPITAL Ms. Le Thuy Anh CEO • 24+ yrs experience 10+ yrs with Vingroup VINSCHOOL Ms. Phan Ha Thuy CEO •28+ yrs experience ⚫7+ yrs with Vingroup VINUNIVERSITY Ms. Le Mai Lan President • 24+ yrs experience 7+ yrs with Vingroup VINBRAIN Ms. Truong Quoc Hung CEO • Previous: Director of Al Products & Engineering at Microsoft (US) 3+ yrs with Vingroup 2. Significant Representation from Independent Directors 3 of 9 VINGROUP directors are independent Source: Company information as of 31 December 2021 VINBIGDATA Dr. Vu Ha Van CEO • Percey F. Smith Chair of Mathematics at Yale University • 3+ yrs with Vingroup VinɅi RESEARCH Dr. Bui Hai Hung CEO • Previous: Scientist at Google Deepmind, Stanford Research Institute 3+ years with Vingroup VANTIX Dr. Nguyen Quang Huy CEO • Previous: Principal Architect, Software Engineer at Microsoft (US) 3+ yrs with Vingroup VINHOMES 3 of 9 directors are independent VINCOM RETAIL 2 of 6 directors are independent#366. Prudent Financial Policies and Strong Financial Position Vingroup data center in Vinhomes Times City#37Prudent Financial Policies and Strong Financial Position 6 Liquidity management • Minimum cash balance of US$700m or above to avoid liquidity risk • • Only Vietnamese issuer with access to multiple sources of capital, including domestic and international banks, domestic bond market, as well as international private and public capital markets As of Dec 2020, Vingroup has secured short-term bank credit line of US$1.2bn, providing ample liquidity support Staggered debt maturity Well-staggered debt maturity profile with preference towards longer dated tenors Balanced mix of USD and VND denominated borrowings Risk management • Regular risk management reviews and discussion with senior management before major refinancing exercise or new product lunch Established a prudent investment mechanism, taking into consideration of compatibility with corporate strategy, investment return, business synergy, with approval from the Board and Investment Committee 37 32 Prudent and flexible dividend policy • Prudent and flexible dividend policy subject to Vingroup's growth plans, investment requirements and relevant financial covenants • Vingroup has not paid cash dividend since 2015. We do not expect to pay significant cash dividends in the near term given our growth and investment plans#386 Global Reputation and Good Execution Helped Attract Top-Tier International Investors SK Private Markets Sovereign Wealth Funds & Private Equity Internal Cashflows ^ Public Markets Equity Capital Markets VINHOMES where happiness live VINCOM RETAIL Convertible / Exchangeable Bond Markets QIA GIC TEMASEK VINGROUP Quasi-sovereign < VINGROUP > EH EULER HERMES CGIF Strategic Partners & Joint Ventures VINGRDUP VINPEARL International Debt Capital Markets Hanwha LG Chem Private Equity VINGROUP Banks Domestic Debt Capital Markets Multiple Banking Partners KKR WARBURG PINCUS VINGRDUP VINHOMES VSMART VINPAST Source: Company information VINPEARL VINCOM RETAIL 38#39Covid-19 and 4Q2020 Performance Update Mount Group moir E#40Vietnam Is The Brightest Spot In Southeast Asia's Macro-Economy COVID-19 Outbreak In Vietnam Has Swiftly Been Under Controlled Due To Government's Strong Commitment And Determination(1) Targets To Spend Highest Level Of Public Investment As % Of GDP And Has Made Strongest Rate Cuts in 2020 YTD To Support Local Economy Public investment as % of GDP (2020 Target) (No. of new cases) 5,000 4,000 3,000 46 37 41 32 27 2,000 1,000. 81 75 57 (Index) 100 Policy 3.971 rate cuts 200 175 N/A 75 125 100 80 60 52 (bps, YTD) 2645 57 60 10.4% 40 20 6.6% 3.9% 3.9% 3.8% 2.6% 0 0 2 10 46 60 LAO BRU CAM EST THA VIE MAL MYA SIN IND PHI I Average new case/7 days Rapid response index VIE PHI SIN THA MAL IND 40 40 The Only Country In Southeast Asia Expecting Positive Domestic Consumption Growth In 2020 Domestic consumption growth (%) The Only Country In Southeast Asia Expecting Positive Domestic Consumption Growth In 2020 Least Impacted By COVID-19 With Strongest Recovery Trajectory(2) Real GDP growth (%) Public investment as % of GDP (2020 Target) 7.2% 5.5% 3.3% 4.0% (3.9%) 1.7% 1.5% (2.0%) (3.9%) (3.9%) (5.5%) 11.2 6.8 8.4 9.6 7.6 6.2 4.4 6.3 6.2 6.3 5.8 1.9 2.7 (9.5) (9.4%) VIE IND MAL THA PHI SIN -2019 ■2020F Source: (1) Asian Development Outlook 2020 (ADO) Report - Asian Development Bank, Sep 2020, CEIC. (2) Report of S&P Global: Economic Research: Asia-Pacific's Recovery: The Hard Work Begins, Sep 2020. PHI (7.2) THA (1.1) (5.8) (5.0) SIN MAL IND VIE ■2020 2021 ■2022#4141 11 • . Vietnam Handled COVID-19 Very Well, and Swiftly Contained Both The First and The Second Waves of COVID-19 1st wave of Covid-19 (5 Mar - 30 Apr) VINHOMES-2 weeks of construction suspension and 3 weeks of show-room closures. No material impacts as construction I was ahead of schedule, launched Vinhomes online sale platform (Apr 9), and supply shortage supports both block sales and retail sales. Prices remain stable VINCOM RETAIL - Closed all malls for 5 weeks in Mar and Apr but had V-shape recovery during summer as malls were able to open on 30 Apr Reunification Day and Labor Day holiday. Footfall (FF) in May was ~60% - 95% (weekday/ weekend) compared to the same period in 2019 VINPEARL - Closed all hotels and facilities for 5 weeks in Mar and Apr, but reopened 27 hotels and resorts by Jun. Launched various promotional programs with positive results: number of rooms nights sold reached in June (62.4k) doubled those in May, promoted sales through e-commerce, travel agents and corporate bookings, launched Vinpearl.com online sales VINFAST - Manufacturing plant and showrooms closed for 3 weeks in Apr to observe social distancing. Innovative cross-sale strategy (VF vouchers sold with Vinhomes units) resulted in strong demands: VF cars are #1 across all applicable segments in 4 quarters in 2020 VINSMART - Plant closure for 3 weeks in Apr. Manufactured non-invasive ventilators to help mitigate Covid-19. Minimal impact due to online sales, secured #3 position in market share • • 2st wave of Covid-19 (28 Jul - 20 Sep) VINHOMES – No impact. Online sale continues. Benefits from cross-sale efforts such as Vinpearl, VinFast vouchers, and all mega projects are smart city projects. Secured investment approval for Dream City mega project VINCOM RETAIL - Vincom Plaza Da Nang and Buon Me Thuot closed for 5 and 2 weeks respectively. Footfall in VRE fell by 30% compared with June period, but has recovered to 85-90% Y-o-Y by December VINPEARL - Closed VPL Da Dang and South Hoi An in July and Aug, but only 10 hotels were remained closed by December. Guest visits recovered strongly in 3Q2020 Q-o-Q, increasing by 147.2% due to renovated VinWonders Phu Quoc, Vinpearl Safari Phu Quoc and VinWonders Nha Trang. Vinpearl continued to introduce promotional packages to encourage domestic travelers, and put in place long-term cost saving programs VINFAST-No impact . VINSMART-No impact Nearly 24,100 Covid -19 vaccine doses have been implemented since 08 Mar, 2021. Vietnam will receive more than 30 million doses, enough for over 30% of population 3rd wave of Covid-19 (28 Jan-now) +40% 16 1000 900 • VINHOMES Expecting to launch 3 mega projects located in Hanoi and Hung Yen Nearly increased by 40% in 2 months post social distancing period (1st wave) 2st wave of Covid-19 (28 Jul 20 Sep) 14 800 12 • VINCOM RETAIL Reopened malls and 700 10 restarted marketing events in the 2nd week of March to drive footfall and tenant sales 600 1st wave of Covid-19 (5 Mar 500 • VINPEARL - 30/35 hotels and resorts - 30 Apr) remained opened to welcome visitors on the Lunar New Year vacation, Number of room nights sold is expected to ramp up from March 32% increase in footfall post social distancing period (2nd wave) +32% 8 400 6 300 4 • VINFAST-No impact 200 2 VINSMART-No impact 100 0 0 Mar Apr May Jun Jul Aug Community cases (LHS) Sep Oct Vincom Retail Footfall (RHS) Nov Dec Jan Feb Source: Vietnam Ministry of Health; Vincom Retail information Millions#4242 42 VinFast Operational Highlights in 4Q2020 and FY2020 FY2020 Performance Highlights 01 FY2020 performance (units sold) 31,500 cars Key Highlights of Marketing / Promotion Programs 01 Cars 5-year or 165,000km warranty for all cars sold, building consumer trust on car quality "Old for new" trade-in program promoting the southern markets in 4Q2020 with the opening of Smart Solution in Vinhomes Central Park Vouchers leverage Vingroup ecosystem offering vouchers to buy VinFast for Vinhomes buyers, and presenting 5-star vacation at Vinpearl for the first 30,000 customers 02 Motorcycles 45,400 e-motorcycles Cars The #1 best-selling car model in A-segment and E-segment (1) 02 Top 3 most extensive network Car E-motorcycles #1 in e-motorcycle segment with 19% (2) market share. Impes and Ludo ranked #1 and #2 best-selling electronic scooter models E-motorcycle Winning the targeted segment of young people with holistic approach: Limited Edition Introduced of Ludo Mint To Be and Impes Milky Sky in collaboration with the KOL Son Tung MTP New Models Launched Feliz and Theon in Jan and Feb 2021 to expand segment coverage Vouchers • Celebrate Vietnamese Teachers' Day • Gratitude to Vinhomes customers e-Commerce Platform Flash Sales Launched flash sales on e- commerce platforms with 3 campaigns(2), achieved 2,000 orders Ŝ TiKi Shopee 29% 36% 78 showrooms, dealers & workshops 45% 42% 120 showrooms, dealers & workshops 03 Others 19% 29% ■3S showrooms 1S showrooms Authorized dealers Company information as of 31 December 2020. A-segment: based on number of cars sold in 2020 according to VAMA and Company Information. E-segment: based on number of cars registered in 2020. Source: (1) (2) According to Vietnam Register Department. (3) Campaigns refer to 11/11, Black Friday and 12/12. VINBUS Star Charge ADVANTECH VinBus partners with Star Charge to build the 1st e-bus charging station network in Vietnam and with Advantech to develop e-bus smart management system#43VinSmart Sustained the Position in Top Best-Selling Smartphone Brands in Vietnam 01 18 smartphone models launched-to-date, including 14 models launched in 2020 02 VinSmart cemented Top 3 market share position in Source: Note: (1) (2) (3) High-end Mid-end Entry-level Aspiring 2H2018 2H2019 BOROD Active 1+ Live 1H2020 2020(2) 20.0% 18.1% 2H2020 15.0% 10.0% 5.0% Aris Pro(1) 0.0% Live 4 Aris(1) Active 1 Joy 1+ Joy 2+ Active 3 Joy 3 Joy 4 Launched Aris and Aris Pro 16.7% 11.2% TM Jan W4 T W7 W10 W13 w16 w19 w22 w25 w28 w31 w34 w37 w40 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 03 Distribution network continued to expand in 4Q2020 10,000 retail stores 4 Joy 1 Bee Star Bee 3 Star 3 Star 4 Bee Lite (3) Company information as of 31 December 2020. Low-end segment: <VND2.5mn; Entry-level: VND2.5-5mn; Mid-end segment: VND5-8mn; High-end: VND8-10mn. Aris and Aris Pro are marketed in Vietnam as 4G phones as domestic infrastructure for 5G is not yet available. Market share and ranking according to GfK statistics. Exclusively distributed by Viettel under Viettel's program to offer Vietnamese people a 4G made-in-Vietnam phone with an affordable price of only VND600,000. customer service centres 101 cities and 56/63 provinces warranty request points Top retail chain partners: METE Store 43 thegioial one cellphone S 亞 HEANGHAMBRILE.COM FPT®#4444 Offer Best-in-Class and Smart Products to Enhance Total Customer Experience Case Study: Smart City In All Three Vinhomes Mega Projects AQI INDEX BUILDING MANAGEMENT ELEVATOR INTERCOM INTERCOM CALL AIR QUALITY APARTMENT Highly advanced comprehensive smart city solutions developed by VinSmart integrated into Vinhomes existing mega projects Security & Safety Management TRAFFIC ACCESS CAMERA CONTROL Source: Company Information SECURITY CAMERA SECURITY CAMERA FIRE ALARM . COMMAND CENTRE BUILDING MANAGEMENT • Smart Fire Alarm System . Smart Intercom • • Smart Video Surveillance Smart City Hub • • Smart Access Control • Air Quality Monitoring Community • VinID Resident App Building Operation App • INTERCOM CALL • PPARKING DIGITAL MAP Home and Devices • Smart Home • Smart Office App Central Command Centre Transportation • Autonomous Driving Public Buses (upcoming) Smart Traffic (Flow Monitoring & Management) Smart Parking Pioneer of the smart city concept, first in the world to implement comprehensive smart city of this magnitude and speed, providing an unrivalled experience to residents#45445 45 One Mount Group - Successful 2020 to Start the Journey of Building the Largest Digital Ecosystem in Vietnam 01 VinID continued expanding its loyalty platform 02 #1 online grocery app in Vietnam (1) 11mn users (+18.6% YoY) VinShop has rapidly captured and modernized traditional retail markets Ho Chi Minh City 23/24 Districts Company information as of 31 December 2020. Source: Note:: (1) Surveyed by VTV24. Hanoi 30/30 Districts Nationwide presence Today (after 7 months of launch) 55,000+ retailers onboarded 釀 30 55+% Growth 100,000 point of acceptances (+67% YoY) # of retailers, month-on-month growth 3 Orders Per retailer/month US$270 Average order value 20% increase 12% increase in transactions in GMV Targeted figures by 2025 350,000+ retailers US$3bn Gross merchandise value / year 5 Distribution centers and multiple warehouses 50%+ Total GT retailers and wholesalers on-boarded 4Q2020: Launched new finance service sponsored by Techcombank to finance for GTs up to VND70mn with free interest of up to 40 days#46Vinhomes's 4Q2020 Highlights Converted revenue (1)(2) 01 Solid revenue VND bn and profit 02 recognition Strong pre-sales momentum and on-track delivery 98,089 67,282 38,806 2018 Vinhomes Ocean Park KHAIRUOMES GALLERY 2019 2020 Vincom Mega Mall VINCOM MEGA MALL OCEAN PARK 120 Profit before tax (1) VND bn 19,609 2018 MILL OCEANPARK Grand opening of "Gallery by the Sea" trading floor at Vinhomes Ocean Park - the very first show units presenting the Ruby product line on 26 December 2020 Source: (1) Company information as of 31 December 2020. Based on Vinhomes' Consolidated Financial Statements (2) Converted Revenue includes revenue from the recognition of retai sales, bulk sales and that of BCC projects KHAI TRƯƠNG 11.12 2020 Grand opening of the 56,000-sqm Vincom Mega Mall at Vinhomes Ocean Park on 11 December 2020 37,047 29,658 2019 2020 Origami Zen The launch of the Origami Zen set another sales record with over 2,100 units fully booked in just 1 day 46#47Vincom Retail's 4Q2020 Highlights Leasing revenue (1) % of 2019 level Leasing NOI (1) VND bn % of 2019 level EBITDA (1) VND bn 73.1% 94.0% 2Q vs 1Q: (14.8%) 86.1% 81.1% 91.3% 86.5% 88.9% 2Q vs 1Q: (6.3%) 4Q vs 3Q: 0.3% 1,174 1,178 930 1,068 01 Remarkable recovery VND bn 90.6% 78.8% 88.9% 84.3% momentum from 3Q 4Q vs 3Q: 2.3% 2Q vs 1Q: (9.8%) 1,608 1,645 998 1,449 1,307 02 Tenant base continues to expand in Vincom malls 1Q2020 47 +7 % of 2019 level 110.5% 4Q vs 3Q: 43.3% 1,746 910 1,218 2Q2020 3Q2020 4Q2020 1Q2020 2Q2020 3Q2020 4Q2020 1Q2020 2Q2020 3Q2020 4Q2020 New mall opening- Vincom Mega Mall Ocean Park Key tenants H&M ACFC KICHI-KICHI Levi's MANGO COTTON:ON LANEIGE CGV* BreadTalk PAULA'S CHOICE innisfree Note: (1) Based on Vincom Retail's consolidated financial statements. SKINCARE Upgrading operating malls Leasing plan and tenant growth VCC PHAM NGỌC THẠCH VCC LANDMARK 81 Occupancy rate: 93% (including committed tenants) VCC METROPOLIS VCC TRAN DUY HUNG Chain tenants expansion Area *15% THE BODY SHOP MANWAH Hr TANVIET/ UNI QLO Pizza 4P's Haidilao Hot Pot Ⓒ 海底捞火锅 Nâng tầm tri thức THE COFFEE BGOGI MUJI HOUSE 無印良品 Haidilao Hot Pot 海底捞火锅 New tenants No. of new tenants +114 Accounting for of total tenants *11%%#48Vinpearl - The Leading Hospitality and Entertainment Platform in Vietnam Premium Hospitality Portfolio at Vietnam's Most Coveted Locations Integrated Lodging And Entertainment Portfolio Of 5+ Star Brands, Providing A Holistic Coverage Across Different Customer Segments Dominant and Fast Growing Portfolio to Capture Domestic and International Tourism Demands Total Room count (#) DA NANG Rooms 2,625 Quang Ninh Young Couples & Group Friends and Family Travelers Couples & Savvy Travelers Facilities 7 Brands Vinpearl Luxury present Vinpearl Resort Lang Son VinWonders • Ha Nam Thanh Hoa Vinpearl Golf Vinpearl Condotel Cua Hoi NHA TRANG Ha Tinh Rooms 6,130 Facilities 10 Brands Vinpearl Luxury present Vinpearl Resort Hue Quang Binh Vinpearl Discovery VinWonders DA NANO Vinpearl Golf Vinpearl Condotel PHÚ QUỐC Rooms Facilities 9 5,571 NHA TRANG Brands Vinpearl Luxury • Tay Ninh present Vinpearl Resort PHÚ QUỐC Vinpearl Discovery VinWonders Can Tho Vinpearl Golf VinOasis Current projects Source: (1) Company information as of 31 December 2021, unless otherwise stated. Refers to 2016-2019 CAGR. (2) Refers to 2019 growth in total number of visitors. Hoi An 5⭑+ Vinpearl Luxury Vinpearl Luxury VINPEARL Vinpearl Condotel 5 HOTELS & RESORTS H VINPEARL HOTELS & RESORTS VINOASIS RESORTS & HOTELS Vinpearl Discovery Соотвест VINOASIS RESORTS & HOTELS Others VinWonders VinpearlGolf ALMAZ 4,029 LO 2015 2015-2020 CAGR: 34.1% 15,986 5,975 3,194 2,78 9,750 3,882 5,868 2016 2017 Hotel rooms 9,738 16,782 10,534 6.24 11,221 2018 Beach villa rooms 2019 Total 2020 17,469 48#49Vinpearl's Performance Ramped Up Post Social Distancing Period Hospitality Revenue (VNDbn) Room Nights Sold ('000) 358 809 753 107 207 VinWonders Revenue (VNDbn) 217 317 127 Number of guests ('000) 171 366 907 623 2Q2020 3Q2020 4Q2020 2Q2020 3Q2020 4Q2020 2Q2020 3Q2020 4Q2020 2Q2020 3Q2020 4Q2020 Source: Company information as of 31 December 2020. 19 49#50Phu Quoc Maintained Progressive Recovery, while Nha Trang and Da Nang went through Low Season Annually Decrease in number of room nights sold in Nha Trang and Da Nang was becasue Q4 is the low season Phu Quoc Total Revenue (VNDbn) 118 351 302 Nha Trang Total Revenue (VNDbn) 88 237 132 Da Nang Total Revenue (VNDbn) 69 52 2 49 49 2Q2020 3Q2020 No. of room nights sold ('000) Source: Company information as of 31 December 2020. 29 4Q2020 84 67 2Q2020 3Q2020 No. of room nights sold ('000) 24 51 4Q2020 3Q2020 3Q2020 No. of room nights sold ('000) 35 10 4Q2020 14 14 50 60 2Q2020 3Q2020 4Q2020 2Q2020 3Q2020 4Q2020 2Q2020 3Q2020 4Q2020#51Key Initiatives for 2021 18:30 10 THÁNG 09 NĂM 2014#52Key Initiatives for 2021 01 Industrials & Technology • Launch 4 e-motorcycle models and prepare for the launch of 3 new smart EV & ICE car models • VINFAST Start the operation of VinBus in early 2021 VSMART • • Sustain top 3 market share in domestic smartphone market Launch new round of TV, air purifier and other appliances Develop smart ecosystem including smart home, smart city and smart services, leveraging Vinhomes dominant residential real estate platform VinID: Promote and expand the customer loyalty network through various programs in association with partners One Mount Group . VinShop: expand coverage to dominate the market, introduce new features and solutions, including financial services for VinShop retailers • OneHousing: Promote primary sale for strategic partners, expand into secondary market, strengthen customers' engagement by opening offline store at partners' projects, introduce new financial products 02 Services Source: VINHOMES VINCOM RETAIL VINPEARL VINMEC • • Sustain presales growth thanks to c.30% remaining inventory at the existing mega projects and three additional projects Continue strong momentum of bulk sales given the shortage of supply and various transactions under negotiation • • Upgrade Vincom Plaza Da Nang to Vincom Center and renovate different Vincom Center and Vincom Megamall. To focus on large mall formats, further leveraging Vingroup ecosystem Expand key, chain and anchor tenants, and upgrade tenant mix, to include tenants having strong recovery or international brands • Develop domestic market to keep up 2020 momentum, focusing on direct sale channel via website and corporate channel Promote marketing activities to target strategic international markets in preparation for the resume of international flights Open one more VinHolidays hotel in Phu Quoc • Accelerate the deployment of preventive healthcare and new healthcare service models • • Promote digital transformation, develop products / features to increase competitive advantages and enhance customer experience Pass the second JCI patient safety reassessment for Vinmec Central Park and the third one for Vinmec Times City VinUni to become a member of international quality accreditation organizations AACSB (Business Administration), ABET (Engineering - Computer Science) · Open 4 new VinSchool campuses in Thanh Hoa and Hanoi VINUNIVERISITY • Company information. 52 62#53Financial Overview Vinhomes Central Park (HCMC)#5413,816 62,482 76,297 19,297 Income Statement Highlights Revenue (1) (VNDbn) Gross Profit(1) (VNDbn) 88,497 CAGR: 21.7% 107,794 102,254 35,829 66,425 2017 2018 Recurring revenue 2019 Source: Note: (1) (2) 38,323 2020 ■Property sales 99,058 137,380 EBITDA (1) (2) (VNDbn) 33.7% 27.3% 33.7% 24.9% 25.6% 25.9% 36.0% 25.9% CAGR: 10.0% 34,492 34,201 29,376 25,717 Audited VAS Consolidated Financial Statements for 2017-2019, Audited VAS Consolidated Financial Statements for 2020. Financial numbers for FY2017-2019 are pro-forma, adding bulk sales and excluding the retail and agriculture segments. Adds back foreign exchange losses / (gains). 19,532 2017 2018 2019 2020 2017 2018 × Gross profit margin CAGR: 22.2% 27,943 X EBITDA margin 36,778 35,639 Profit After Tax(1) (VNDbn) 11,399 9,453 13,815 2019 2020 2017 2018 2019 2020 4,546 54#55Revenue Performance - VAS Property sale(1) (VNDbn) Leasing (VNDbn) 62,482 88,497 CAGR: 16.6% 66,425 99,058 CAGR: 14.7% 6,792 6,662 5,559 4,410 Hospitality & Entertainment Services (2) (VNDbn) 7,759 6,670 4,960 3,711 2017 2018 2019 2020 2017 2018 2019 2020 2017 2018 2019 2020 Healthcare (VNDbn) CAGR: 13.0% 3,025 2,631 2,675 1,852 2017 2018 2019 2020 Source: Audited VAS Consolidated Financial Statements for 2017-2019, Audited VAS Consolidated Financial Statements for 2020. Note: (1) (2) Financial numbers for FY2017-2019 are pro-forma, adding bulk sales and excluding the retail and agriculture segments. Adjusted for the sales of beach villas to reflect underlying business performance. Education (VNDbn) CAGR: 30.4% 2,063 2,244 1,450 1,013 Industrials (VNDbn) 556 9,201 17,415 2017 2018 2019 2020 2017 2018 2019 2020 55#56Gross Profit and Margin - VAS Property sale(1) (VNDbn) Leasing (VNDbn) 38.3% 31.2% 23,911 2017 Healthcare (VNDbn) 27,623 53.7% 45.3% CAGR: 23.3% 35,643 44,828 2018 2019 2020 Hospitality & Entertainment Services (2) (VNDbn) 52.4% 51.1% 53.8% 49.0% 15.5% 13.4% 41.9% 13.0% CAGR: 12.2% 3,249 3,654 3,267 2,838 891 767 1,278 2,310 482 2017 2018 2019 2020 Education (VNDbn) 5.8% -2.6% 23.9% 20.0% 20.2% 5.6% 22.0% 23.6% 722 536 CAGR: 11.9% 107 454 531 2017 (68) 2018 Gross profit margin ◆ Adjusted gross profit margin (3) 60 60 205 80 (159) 2019 2020 Source: Audited VAS Consolidated Financial Statements for 2017-2019, Audited VAS Consolidated Financial Statements for 2020. Note: 308 255 (3,492) 2017 2018 2019 2020 Industrials (VNDbn) (2,731) (2,436) (246) (5,039) (7,695) -13.3% -29.7% -44.1% 2017 2018 2019 2020 2017 2018 2019 2020 (1) (2) Financial numbers for FY2017-2019 are pro-forma, adding bulk sales and excluding the retail and agriculture segments. Adjusted for the sales of beach villas to reflect underlying business performance. (3) Adjusted gross profit is cash gross profit adjusted for Covid-19 related expenses including charges incurred despite operation being shut down 56#57Source: Note: Balance Sheet Highlights Debt (1)(2)(3)/Operating EBITDA (4) (x) Total Assets & Total Equity (6) (VNDbn) Breakdown of Total Assets (%) 9.1% 8.9% 8.7% 8.1% 1.9x 1.5x 3.1x 3.0x 2.8x 2.3x 2.6x 2.2x 198,743 2017 2018 2019 2020 Total Debt/Operating EBITDA Net Debt / Operating EBITDA 2017 Average borrowing cost (5) Total assets CAGR: 28.6% 267,381 401,156 422,504 135,853 118,443 85,591 41,232 2018 2019 ■Total assets 2020 ■Total equity 33% 24% VND422.5tn 13% 11% 14% 5% ■Property sale Industrials (Mobility & Smart devices) Hospitality & entertainment ■Leasing Healthcare & education ■Others (7) Audited VAS Consolidated Financial Statements for 2017-2019, Audited VAS Consolidated Financial Statements for 2020. (1) Total debt is equal to interest-bearing loans and borrowing, excluding retail and agriculture segments. (2) Net debt is equal to total debt, less cash and cash equivalents and short-term investments, excluding retail and agriculture segments. (3) Short-term investments exclude share option. (4) On a LTM basis for recurring revenue, operating EBITDA and interest expense, calculated using pro-forma figures, excluding retail and agriculture segments. Operating EBITDA is EBITDA adjusted for non-recurring items (5) Inclusive of hedging expenses. (6) Numbers for FY2017-2019 are pro-forma, excluding retail and agriculture segments (7) Others refers to technology and others. Assets managed on a Group basis refers to assets such as long term investment, deposits for transfer investment and financial obligation guarantee, among others. 40 57#58Balance Sheet Highlights Breakdown of Total Debts (%) Domestic bond 37.6% Bank loans 2.9% Total Debt Breakdown By Currency (%) VND 81.8% (1) Total Debt Breakdown By Interest Rate (%) (2) Fixed 36.6% VND129.8tn Exchangeable bond 4.2% Other 4.1% Debt Maturity (VNDbn) Source: (1) (2) Syndicated loan 51.1% 70,355 11,705 VND129.8tn USD 17.8% VND129.8tn EUR 0.4% 28,971 22,296 25,972 236 11,163 2,677 9,029 29,680 18,181 10,128 14,266 3,880 1,035 Less than 1 year 1-3 years Corporate bond 3-5 years More than 5 years ■Syndicated loan ■Bank borrowings & others Audited VAS Consolidated Financial Statements for 2020. Includes US$ debt which is hedged for foreign exchange rate purposes. Includes floating rate debt which is hedged for interest rate purposes. Floating 63.4% Average debt maturity: 3.56 years Average debt maturity (excl. Vinhomes' debts): 4.03 years 58#59Leverage, Coverage and Other Ratios Leverage ratios FY2020 FY2019 (pro-forma) (4) Change Net debt (1 -(1)(2) /Operating EBITDA (3) 2.2x 2.6x (0.4x) Net debt (1) (2) (Total assets - cash & ST investments (2)) / 23.5% 27.2% (3.7 ppts) Coverage ratios Recurring revenue / Interest expense (3) Operating EBITDA / Interest expense (3) 3.4x 4.9x (1.5x) 3.7x 5.4x (1.7x) Others Debt maturity (years) Debt maturity (years) (Excl. Vinhomes' debt) Average borrowing cost (5) 3.56 3.56 4.03 4.23 (0.2) 8.1% 8.7% (0.6 ppts) Source: Audited VAS Consolidated Financial Statements for 2017-2019, Audited VAS Consolidated Financial Statements for 2020. (1) (2) Net debt is equal to total debt, less cash and cash equivalents and short-term investments, excluding retail segment Short-term investment excludes share option, excluding retail segment (3) (4) On a LTM basis for recurring revenue, operating EBITDA and interest expense, calculated using pro-forma 2019 figures. Operating EBITDA is EBITDA adjusted for non-recurring items FY2019 pro-forma numbers, excluding retail and agriculture segments. (5) Inclusive of hedging expenses. 59#60Company Information 8 مع เร П R#61Vingroup Vingroup Joint Stock Company ("Vingroup" or "the Group") is the largest listed companies in Vietnam, as measured by market capitalization with VN358.5 trillion (c.USD15.5 billion) as at 15 March 2021. Vingroup today bases its strategy on the principles of sustainability and professional management to operate in three major business segments: • Industrials - VinFast, the first and largest domestic comprehensive automobile-maker and electric scooter producer in Vietnam - VinSmart smart electronic devices including smartphones under the Vsmart brand • Technology OFFICES HANOI HEADQUARTERS Number 7, Bang Lang 1, Vinhomes Riverside Long Bien District Hanoi, Vietnam HỌ CHI MINH CITY BRANCH Vincom Dong Khoi - 4th Floor 72 Le Thanh Ton, District 1 Ho Chi Minh City, Vietnam • - VinTech conduct research on Al, automation and next-generation materials and employ applications of technologies accordingly One Mount Group creates Vietnam's largest digital ecosystem with VinID super app connected to the largest loyalty platform, Vinshop B2B2C platform transforming traditional retail and One Housing one-stop-shop real estate products and services platform Real Estate and Social Services - Residential Vinhomes premium apartments, villas and shophouses, mid-end real estate with integrated facilities, Happy Town - affordable housing - Retail Leasing Vincom quality shopping malls - Hospitality-focused Vinpearl hotels, resorts and beach villas, and VinWonders amusement parks and conservation parks - Healthcare service provider, Vinmec (including hospitals and clinics) CONTACTS Investor Relations Department Vingroup Hanoi Office (Headquarters) [email protected] Address: Email: Tel: +84 (24) 3974 9999 (Ext. 9462) Fax: +84 (24) 3974 8888 - Quality education provider Vinschool featuring the K-12 education system and VinUni non-profit private university Vingroup was listed on the HOSE on 07 September 2007. More information on the Group can be found at www.vingroup.net. Note: US$ to VND exchange rate of 23,170 as of 15 March 2021 used. 61