Thaiholdings (THD) reported Q3 2026 net revenue of nearly VND 319 billion, up 31% year on year, but consolidated net profit was only about VND 5 billion, down nearly 80% from VND 24 billion a year earlier. The company said 2026 is its first year of consolidated reporting, so the Q3 2025 comparison uses its standalone financial statements; on a parent-company basis, Q3 net profit was over VND 20 billion, down 14%. Results were affected by a loss of over VND 15.5 billion from associates and joint ventures and by administrative expenses that rose to VND 4.5 billion. For nine months, net revenue reached nearly VND 891 billion (up about 16%) and net profit VND 106 billion; the company has achieved about 92% of its annual revenue target and exceeded its pre-tax profit plan by over 14%. Thaiholdings is also part of a consortium that proposed the Hanoi Twin Towers 99 project, with two 568-metre towers and estimated investment of USD 3–3.5 billion.
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Original headline: Doanh nghiệp đề xuất xây tòa tháp đôi cao nhất thế giới báo lãi quý 3 sụt giảm
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