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

2025 China International Big Data Industry Expo opens in Guiyang, China

GUIYANG, CHINA - Media OutReach Newswire - 29 August 2025 - On August 28, the 2025 China International Big Data Industry Expo opened in Guiyang, Guizhou Province. Launched in 2015, it has become t...

Huatai Securities' H1 2025 Net Profit Surges Over 40%, Fueled by Tech Leadership and Global Growth

HONG KONG SAR - Media OutReach Newswire - 29 August 2025 - Huatai Securities ("Huatai" or "The Company") today announced its financial results for the first half of 2025, demonstrating significant...

Wesley Methodist School Celebrates Unity, Patriotism, and Diversity in Conjunction with National Day

Book Launch: Voices of Patriotism and Unity – The Recipe for Malaysia’s SuccessKUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 29 August 2025 - Wesley Methodist School launches a special commem...

Ingdan, Inc. (400.HK) Announces 2025 Interim Results

Highlights of the Interim Results for the Six Months Ended June 30, 2025: Benefiting from the sustained growth in AI computing power demand, the demand for chips has grown significantly a...

Lens Technology and Rokid Usher in a New Era for AR: A Synergy of Innovation and Ecosystem Integration

HONG KONG SAR - Media OutReach Newswire - 31 August 2025 - The augmented reality (AR) industry is witnessing an unprecedented surge, propelled by Rokid Glasses' record-breaking single-day sales of...

AIA Singapore engages Singapore Airlines Academy to redefine customer experience excellence and future-proof all its staff

SINGAPORE - Media OutReach Newswire - 1 September 2025 - Leading health insurance provider AIA Singapore today announced that it has engaged Singapore Airlines Academy, the training arm of Singapo...

Yanguan Sets Guinness World Record for "Most People Drumming Together to Greet the Tide," Building a Global Music Destination

JIAXING, CHINA - Media OutReach Newswire - 1 September 2025 - On the morning of August 26, at the Tide-Watching Resort Park in Yanguan Ancient City – also known as the "Tides and Music Resort" – a...

Aon Appoints Bonjay Koo as Enterprise Client Leader for South Korea

SEOUL, SOUTH KOREA - Media OutReach Newswire - 1 September 2025 - Aon plc (NYSE: AON), a leading global professional services firm, today announced Bonjay Koo has been appointed Enterprise Client...

The "Colorful Guizhou Style" once again swept the Washington Chinese Culture Festival, and the charm of Guizhou continuously attracts more followers from all over the world

WASHINGTON, US - Media OutReach Newswire - 1 September 2025 - On August 30, 2025 (US time), the 23rd Washington "Chinese Culture Festival" themed on "Meeting China · Experiencing China" was grandl...

Quality HealthCare Opens New Flagship Clinic in Prince’s Building

Supporting Wellness and Preventive Care in CentralHONG KONG SAR - Media OutReach Newswire - 1 September 2025 - Quality HealthCare Medical Services (QHMS) has opened its new flagship clinic on the ...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...

Revolutionizing Fulfillment: How Virtual Warehousing is Changing the Game?

The e-commerce landscape is evolving more rapidly than ever, and the way businesses are managing their fulfillment is also revolutionizing. At the...

SME lender Dynamoney welcomes new CEO, Brett Thomas

Strengthens growth ambitions and signals expanded offering Dynamoney, a leading commercial finance provider for Australian SMEs,  has today appoint...

The cost of ignoring AI governance in business

Artificial intelligence (AI) is no longer the promise of a distant future: it's active, embedded, and already shaping decisions across industries. H...

Quickli launches new SMSF product as free beta for limited time only

The leading technology provider for Australian mortgage brokers, Quickli, has answered the prayers of brokers yet again with the launch of a stand...

Portable Monitors for Coding and Programming Students

Today, coding and programming require more focus and efficiency. But, the most essential thing it demands is ample screen space. Students can stru...

Sell by LayBy