Business Daily Media

Men's Weekly

.

Vingroup: A Vietnamese Trailblazer on the Path to Global Prominence

With bold ventures across multiple industries, Vingroup exemplifies Vietnam's potential on the world stage, becoming a symbol of innovation, ambition, and national pride.

HANOI, VIETNAM - Media OutReach Newswire - 4 September 2024 - Founded in 1993 by Pham Nhat Vuong, Vingroup has rapidly transformed into Vietnam's largest private conglomerate.

Over the past three decades, the company has played a crucial role in the nation's development, reshaping the physical landscape and improving the lives of millions. Today, Vingroup is recognized as a multi-industry leader, with a diverse range of businesses including Industry, Technology, Commerce, Services, and Social Philanthropy.

The Landmark 81 Building in Ho Chi Minh City.
The Landmark 81 Building in Ho Chi Minh City.


A Pillar of Sustainable Economic Growth

Vingroup's contributions to the Vietnamese economy are immense. In 2023, the company emerged as the largest taxpayer in Vietnam, underlining its pivotal role in the nation's economic engine. It led the list of the top 100 private enterprises contributing the most to the state budget, with a total contribution of approximately VND 30.9 trillion (about $1.32 billion) in 2023. Combined with Vinhomes and VinFast, entities related to billionaire Pham Nhat Vuong contributed over VND 51 trillion (around $2.2 billion), accounting for more than a quarter of the total contributions from the top 100 private enterprises in Vietnam.

Vingroup's commitment to innovation has led to the development of products and services that have significantly improved the quality of life for millions of Vietnamese. Its commitment to sustainable development is exemplified by its strategic focus on green transformation, particularly in the areas of green real estate and electric vehicles.

In the real estate sector, Vinhomes has been a pioneer in creating "green" urban areas that not only offer luxurious living spaces but also incorporate sustainable design and construction practices. Projects like Vinhomes Ocean Park and Vinhomes Smart City are designed with a strong emphasis on environmental sustainability, featuring extensive green spaces, energy-efficient buildings, and advanced waste management systems. These developments are setting new standards in Vietnam for environmentally responsible urban planning, making them attractive to both local and international investors.

Vingroup's automotive arm, VinFast, has made significant strides in the electric vehicle industry, contributing to the global push for greener transportation. VinFast's transition to producing fully electric vehicles, including cars and e-scooters, marks a bold step toward reducing Vietnam's carbon footprint and promoting sustainable mobility.

A Trailblazer With Global Vision

Vingroup's influence extends far beyond Vietnam's borders. The company's innovative products, particularly in the automotive sector, have garnered international attention, enhancing Vietnam's reputation as a hub for cutting-edge technology and manufacturing. Its projects have attracted substantial foreign investment, further bolstering Vietnam's economic resilience and positioning the country as a key player in the global market.

The key to Vingroup's success lies in the relentless entrepreneurial spirit of its founder, Pham Nhat Vuong. This drive is evident in the company's ongoing expansion into diverse industries. Vingroup's bold approach to exploring uncharted territories has not only propelled its growth but has also inspired other Vietnamese businesses to think big and aim high.

VinFast has made global headlines as the first Vietnamese car manufacturer to be listed on the U.S. stock exchange. Rapidly expanding its presence in key international markets, VinFast has solidified its position as the second-largest EV manufacturer in Southeast Asia. By launching electric cars in North America, Europe, and Asia, the company is showcasing Vietnam's technological capabilities and proving its ability to compete with established global brands. This success has earned VinFast a spot on the "TIME 100 Most Influential Companies 2024" list, alongside industry giants like Google, Microsoft, and Amazon.

The VinFuture Prize, an international science and technology award established by Vingroup in 2021, further cements the group's commitment to global innovation. This award not only honors groundbreaking inventions that positively impact human life but also brings the world's most advanced scientific achievements to Vietnam. It highlights Vingroup's dedication to promoting scientific research and development, both in Vietnam and globally, fostering a culture of innovation that will benefit future generations.

Through VinFast and VinFuture, Vingroup is positioning Vietnam as a significant contributor to global scientific and technological advancements. This vision of connecting global intellect and fostering international collaboration is a reflection of Vingroup's broader mission to elevate Vietnam's status on the global stage.

A Mission Beyond Profit

At the heart of Vingroup's success is a mission that goes beyond profit. The company is deeply committed to contributing to the nation's development and improving the lives of its people. Vingroup's extensive philanthropic activities, including scholarships through VinUni and Vinschool, free medical services at Vinmec, and disaster relief efforts, demonstrate its dedication to social responsibility.

Through its investments in education and healthcare, Vingroup is not only enhancing the quality of life in Vietnam but also helping to build a more prosperous and equitable society. The group's initiatives are creating opportunities for thousands of young people, helping them to realize their potential and contribute to the nation's future.

Vingroup's story is not just about business success; it is also about inspiring the next generation of Vietnamese entrepreneurs and innovators. The company's relentless pursuit of excellence, its willingness to take risks, and its commitment to contributing to the nation have set an example for young people across the country. Vingroup's success underscores the importance of entrepreneurship, innovation, and resilience in the face of challenges.

Hashtag: #Vingroup


The issuer is solely responsible for the content of this announcement.

News from Asia

Elevating Thailand’s Creative & Entertainment Industry, Cloud 11 Collaborates with 30 Global Giants and Partners to Establish Itself as Asia’s New Creative Destination

BANGKOK, THAILAND - Media OutReach Newswire - 11 July 2025 - Cloud 11 announces its readiness to become Asia's new creative destination. Backed by the region's most comprehensive creative ecosyste...

HKCSS Fosters Cross-Sector Collaboration and Adoption of Gerontechnology to Formulate Hong Kong Dementia Care Action Plan

HONG KONG SAR - Media OutReach Newswire - 11 July 2025 - The Hong Kong Council of Social Service (HKCSS) is actively promoting support services for dementia and is leveraging gerontechnology to pr...

SIBUR develops new polyethylene grade for blown films

MOSCOW, RUSSIA - Media OutReach Newswire - 11 July 2025 - SIBUR, the largest producer of polymers and synthetic rubbers in Russia, has developed a new grade of linear low-density polyethylene (LLD...

TÜV SÜD Appoints Interim Leadership Following CEO Transition

MUNICH, GERMANY – NEWSAKTUELL - 10 July 2025 - The Supervisory Board of TÜV SÜD AG has appointed Ishan Palit, former Asia Pacific CEO, as Interim Chief Executive Officer (Chairman of the Board of ...

Kaspersky Partners with SIS International Limited to Expand Distribution in Hong Kong

HONG KONG SAR - Media OutReach Newswire - 11 July 2025 - Global cybersecurity and digital privacy company Kaspersky is pleased to expand its distribution network in Hong Kong by partnering with Si...

Wegovy® (semaglutide 2.4mg) by Novo Nordisk is now Available in Singapore for Weight Management

Wegovy® is indicated for chronic weight management in adults and adolescents (12+) with obesity or overweight and at least one related health condition.

Leading Sportswear Brand DESCENTE Opens at Galaxy Macau; Fusing Technical Aesthetics with Leisure & Travel Lifestyle

MACAU SAR - Media OutReach Newswire - 12 July 2025 - Japanese leading sportswear brand DESCENTE celebrates the grand opening of its new flagship store at Galaxy Promenade on July 11th...

Gother transforms travel experience for next-gen travelers, aiming for Top 3 in Thailand’s tourism market by 2027

BANGKOK, THAILAND - Media OutReach Newswire - 14 July 2025 - Gother, a tourism service platform, operated by Search Engine Optimization, a joint venture between Beacon Venture Capital (venture arm...

HKSTP Joins Hands with Mainland and Overseas Institutions to Launch Global University Innovation Network

Hong Kong Techathon+ Marks its 10th Anniversary Reinforcing Hong Kong’s Position as an International Talent and I&T Hub HONG KONG SAR - Media OutReach Newswire - 14 July 2025 - The Hong Kong S...

ICONSIAM in Collaboration with Shanghai Yuyuan Tourist Mart Group Brings China’s Most Iconic Lantern Festival to Thailand for the First Time

“Yuyuan Lantern Festival 2025” Lights Up Bangkok to Celebrate 50 Years of Thai–Chinese Diplomatic Ties BANGKOK, THAILAND - Media OutReach Newswire - 1 July 2025 - ICONSIAM, the global landmark al...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

Sell by LayBy