Vinhomes JSC (VHM) — Tangible Net Worth Ratio
Vinhomes JSC (VHM) has a Tangible Net Worth Ratio of 98.5% as of December 2025. This metric is calculated by deducting intangible assets (₫3.70 Trillion) from net assets (₫247.91 Trillion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See VHM book value for net asset value and shareholders' equity analysis.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Vinhomes JSC Tangible Net Worth Ratio (2019–2025)
This chart shows how Vinhomes JSC's Tangible Net Worth Ratio has changed across 7 annual periods from 2019 to 2025. As of December 2025, the ratio stands at 98.5%, reflecting net assets of ₫247.91 Trillion with intangible assets of ₫3.70 Trillion VND. Also explore net asset growth rate of Vinhomes JSC to track the company's year-over-year net asset growth rate.
Annual Tangible Net Worth Ratio for Vinhomes JSC (2019–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Vinhomes JSC from 2019 to 2025, covering 7 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see VHM company net worth.
| Year | Tangible NW Ratio | Net Assets (VND) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 98.5% | ₫247.91 Trillion | ₫3.70 Trillion | ₫786.38 Trillion | ▼ -0.2 pp |
| 2024 | 98.7% | ₫220.44 Trillion | ₫2.86 Trillion | ₫560.72 Trillion | ▼ 0.0 pp |
| 2023 | 98.7% | ₫182.64 Trillion | ₫2.34 Trillion | ₫444.63 Trillion | ▲ +0.5 pp |
| 2022 | 98.2% | ₫148.52 Trillion | ₫2.71 Trillion | ₫361.81 Trillion | ▲ +0.3 pp |
| 2021 | 97.9% | ₫131.41 Trillion | ₫2.79 Trillion | ₫230.52 Trillion | ▲ +0.6 pp |
| 2020 | 97.3% | ₫89.13 Trillion | ₫2.43 Trillion | ₫215.33 Trillion | ▲ +1.1 pp |
| 2019 | 96.2% | ₫64.72 Trillion | ₫2.49 Trillion | ₫197.24 Trillion | — |