Vingroup
No. 7, Bang Lang 1 Street, Vinhomes Riverside Urban Area, Phuc Loi Ward, Hanoi, Vietnam
Overview
Vingroup primarily engages in the real estate business in Vietnam. It operates in Sales of Inventory Properties; Leasing Investment Properties and Related Services; Hospitality, Entertainment and Related Services; Healthcare and Related Services; Education and Related Services; Retail Services; and Manufacturing Activities segments. Vingroup develops, trades in, and sells apartments and villas; invests, develops, and trades in real estate properties; and leases office and retail areas, as well as provides related services. It also operates hotels, resorts, restaurants, golf courses, amusement parks, health and beauty spas, conference rooms, restaurants, and wild animal safari and entertainment facilities. Moreover, Vingroup offers healthcare, medical, and related services; and operates shopping malls, convenience and department stores, supermarkets, and fashion showrooms. Further, it provides education, security, logistics, information technology, sanitation, environmental landscape, architectural, technical consultancy, and residential and civil construction services; offers agricultural products and pharmaceuticals; and trades in books. Additionally, Vingroup retails food, daily necessities, fashion and travel products, electronics, and household appliances through adayroi.com; and manufactures automotive vehicles, mobile phones, and related products. It also offers monetary intermediation, motor vehicle repair and maintenance, goods loading, and investment services; produces software and communication equipment; trades in equipment, components, and spare parts for motorbikes; organizes exhibitions, events, conferences, and seminars; researches and develops experimental natural science and technology; and owns an university. Pham Nhat Vuong founded Vincom in 1993 that became Vingroup in April 2012. It has its headquarters in Hanoi in Vietnam.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Finance
- Property Management
- Real Estate
- Real Estate Investment
Investment portfolio
- Vinfast
Participated · Grant · Apr 2023
VinFast, founded in 2017, pivoted to a pure electric-vehicle strategy after debuting internal-combustion models in 2018. The company offers six EV models, one electric bus model and nine electric motorbikes and showcased four SUVs at the 2022 LA Auto Show. Within a year of launching, its vehicles became the fastest-selling in Vietnam, and about 3,000 electric cars have been exported to foreign markets. VinFast is pursuing U.S. expansion with plans for a factory in North Carolina and a network of showrooms and service centers; it received $1.2 billion in incentives tied to the factory. The company filed for a U.S. initial public offering, though that process appears delayed with no shares, price range or date disclosed. Recent large capital commitments have been made to support its U.S. ambitions and broader growth. VinFast is a Vietnam-based electric-vehicle technology startup and subsidiary of conglomerate Vingroup. The company builds electric cars and is expanding production to manufacture Vietnam’s first fully electric public transport bus fleet and a national EV charging network. It has been rapidly scaling operations—announcing hires of 8,000 new employees to ramp up production and meet growing demand. VinFast has partnered with automotive and battery suppliers including LG Chem, Gotion, Pininfarina, and ZF, and its team includes alumni from major global automakers. The startup is part of Vingroup, which was founded in 1993 by Phạm Nhật Vượng, and VinFast has been positioned as the group’s automotive arm. The company is pursuing capital and financing to support its manufacturing and infrastructure roll-out in Vietnam.
Team
James B. DeLuca
Deputy CEO
LinkedInPham Vuong
Chairman and Founder