Vietnam Sun Corp (VNS) - Net Assets

Latest as of December 2025: ₫1.12 Trillion VND ≈ $42.53 Million USD

Based on the latest financial reports, Vietnam Sun Corp (VNS) has net assets worth ₫1.12 Trillion VND (≈ $42.53 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₫1.77 Trillion ≈ $67.39 Million USD) and total liabilities (₫654.38 Billion ≈ $24.86 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Vietnam Sun Corp's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₫1.12 Trillion
% of Total Assets	63.11%
Annual Growth Rate	-6.68%
5-Year Change	-7.21%
10-Year Change	N/A
Growth Volatility	11.26

Vietnam Sun Corp - Net Assets Trend (2019–2025)

This chart illustrates how Vietnam Sun Corp's net assets have evolved over time, based on quarterly financial data. Also explore Vietnam Sun Corp balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Vietnam Sun Corp (2019–2025)

The table below shows the annual net assets of Vietnam Sun Corp from 2019 to 2025. For live valuation and market cap data, see Vietnam Sun Corp (VNS) market capitalisation.

Year	Net Assets	Change
2025-12-31	₫1.12 Trillion ≈ $42.53 Million	-2.64%
2024-12-31	₫1.15 Trillion ≈ $43.68 Million	-1.57%
2023-12-31	₫1.17 Trillion ≈ $44.37 Million	-15.67%
2022-12-31	₫1.38 Trillion ≈ $52.62 Million	+14.82%
2021-12-31	₫1.21 Trillion ≈ $45.83 Million	-18.72%
2020-12-31	₫1.48 Trillion ≈ $56.38 Million	-12.46%
2019-12-31	₫1.70 Trillion ≈ $64.41 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Vietnam Sun Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 61.6% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	₫353.08 Billion	31.56%
Other Components	₫765.52 Billion	68.44%
Total Equity	₫1.12 Trillion	100.00%

Vietnam Sun Corp Competitors by Market Cap

The table below lists competitors of Vietnam Sun Corp ranked by their market capitalization.

Company	Market Cap
S&K Polytec Co. Ltd KQ:091340	$20.86 Million
Grafton Group plc LSE:GFTU	$20.86 Million
WindowMaster International AS CO:WMA	$20.87 Million
GSD Technologies Co. Ltd TW:6641	$20.87 Million
Lee Swee Kiat Group Bhd KLSE:8079	$20.85 Million
Hammer Metals Ltd AU:HMX	$20.85 Million
INIFY LABORATORIES AB F:WY60	$20.83 Million
Agat Ejendomme A/S CO:AGAT	$20.82 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Vietnam Sun Corp's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,148,955,683,936 to 1,118,601,602,670, a change of -30,354,081,266 (-2.6%).
Net income of 38,257,110,734 contributed positively to equity growth.
Dividend payments of 67,847,359,000 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	₫38.26 Billion	+3.42%
Dividends Paid	₫67.85 Billion	-6.07%
Other Changes	₫-763.83 Million	-0.07%
Total Change	₫-	-2.64%

Book Value vs Market Value Analysis

This analysis compares Vietnam Sun Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.49x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has increased from 0.33x to 0.49x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2019-12-31	₫24815.45	₫8090.00	x
2020-12-31	₫21755.50	₫8090.00	x
2021-12-31	₫17720.72	₫8090.00	x
2022-12-31	₫20331.98	₫8090.00	x
2023-12-31	₫17202.03	₫8090.00	x
2024-12-31	₫16931.47	₫8090.00	x
2025-12-31	₫16484.16	₫8090.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Vietnam Sun Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 3.42%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.33%
• Asset Turnover: 0.50x
• Equity Multiplier: 1.59x
Recent ROE (3.42%) is above the historical average (0.95%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2019	6.45%	5.45%	0.76x	1.56x	₫-59.86 Billion
2020	-14.02%	-20.58%	0.49x	1.39x	₫-354.65 Billion
2021	-22.72%	-56.36%	0.31x	1.31x	₫-393.42 Billion
2022	13.32%	16.87%	0.59x	1.33x	₫45.80 Billion
2023	12.91%	12.37%	0.74x	1.42x	₫34.03 Billion
2024	7.32%	8.39%	0.54x	1.61x	₫-30.84 Billion
2025	3.42%	4.33%	0.50x	1.59x	₫-73.60 Billion

Industry Comparison

This section compares Vietnam Sun Corp's net assets metrics with peer companies in the Railroads industry.

No peer company data available for comparison.

About Vietnam Sun Corp

VN:VNS Vietnam Railroads

Market Cap

$20.86 Million

₫548.98 Billion VND

Market Cap Rank

#24906 Global

#177 in Vietnam

Share Price

₫8090.00

Change (1 day)

+1.25%

52-Week Range

₫7950.00 - ₫10900.00

All Time High

₫19082.05