VinGroup Founder Establishes New Companies to Support Business Growth
Pham Nhat Vuong, the founder and chairman of Vingroup - Vietnam's largest private conglomerate, has established three new holding companies over the past year that aim to assist the long-term financial needs of its various business divisions. This move demonstrates Vuong's continued commitment to
Vingroup CEO Denies Land Grab Speculation as Group Exits Vincom Retail Business to Refocus Resources
Vingroup plans to divest from Vincom Retail, one of Vietnam's largest retail chains. Currently, Vingroup subsidiaries own a 99% stake in Sado Company, the largest shareholder of Vincom Retail. In March 2022, an agreement was signed for Vingroup to sell its entire stake in SDI Company, which holds
Hoa Phat Chairman Tran Dinh Long Net Worth Expected to Double to $5 Billion as Steel Business Booms
Vietnam's richest man Trần Đình Long, Chairman of Hoà Phát Group, is on track to see his net worth double to $5 billion as the steel tycoon's flagship company benefits from a resurgence in the industry.
Potential business opportunities at Mega Grand World, Vietnam
Planned as the first shopping - entertainment - entertainment complex under the shoppertainment model, Mega Grand World is becoming a place many food, fashion and service brands "keep an eye on".
Mr. Pham Nhat Vuong has 37.5 billion USD, ranked 33 in the world, number 1 in Southeast Asia as update from Forbes
Following the swings when VinFast launched shares on the US stock exchange, both Forbes and Bloomberg accurately evaluated billionaire Pham Nhat Vuong's holdings.
Will billionaire Vuong's VinFast be one of the three largest electric car companies in the world?
With a valuation of 23 billion USD after the combination with Black Spade, VinFast will be the world's third largest electric car manufacturer in terms of market capitalization, behind only Tesla and Li Auto.
Vingroup sets record revenue targets and promotes the VinFast project in the US
Vingroup, chaired by billionaire Pham Nhat Vuong, set a record high revenue target and focused on promoting the VinFast project in the US.
US$2.5 billion poured into VinFast
HCMC – Vietnamese conglomerate Vingroup and Chairman Pham Nhat Vuong have signed a deal to invest US$2.5 billion in electric vehicle manufacturer VinFast next year. Vuong will contribute US$1 billion to VinFast while Vingroup JSC will sponsor US$500 million and also provide VinFast with a loan of
Vingroup was honored for its sustainable development strategy
Capital Finance International honored Vingroup in the category "Best Sustainable Development Strategy in Vietnam in 2023".
Differences in global branding strategies of Vingroup, Viettel, and FPT - A retrospective review
Vingroup's Chairman of the Board of Directors (BOD) once said: "The problem of going abroad of Vingroup is not profit-oriented, but the orientation is to plant a flag. Then plug it into the most majestic place and still be able to do business for it."
Vingroup establishes EV rental business
HCMC – Pham Nhat Vuong, chairman of Vietnamese conglomerate Vingroup, yesterday, March 6, announced the establishment of Green-Smart-Mobility JSC (GSM), which will use VinFast electric vehicles and scooters for rental and taxi services. GMS is reportedly the world’s first multi-platform green