Over three decades, Vingroup has been instrumental in Vietnam’s development, reshaping its physical landscape and positively impacting the lives of millions. Today, it stands as a diversified industry leader, with a portfolio spanning industries such as Industry, Technology, Commerce, Services, and Social Philanthropy.
Vingroup has been a key contributor to Vietnam’s economic prosperity. In 2023, the group emerged as the country’s top taxpayer, highlighting its pivotal role in the nation’s fiscal landscape. With a total contribution of VND 30.9 trillion (approx. $1.32 billion) that year, Vingroup, alongside its affiliates Vinhomes and VinFast, accounted for over VND 51 trillion (approx. $2.2 billion) in the top 100 private enterprises’ total contributions. This equates to more than a quarter of the collective input from Vietnam’s leading private companies.
Innovation is at the heart of Vingroup’s success, and it reflects in their product and service offerings. Their commitment to sustainable development is evident in their strategic focus on green transformation, particularly in green real estate and electric vehicles, enhancing the quality of life for millions of Vietnamese.
In the real estate arena, Vinhomes has pioneered the creation of “green” urban areas, offering luxurious living spaces that seamlessly blend sustainable design and construction practices. Projects like Vinhomes Ocean Park and Vinhomes Smart City are testaments to their environmental sustainability ethos, boasting expansive green spaces, energy-efficient buildings, and advanced waste management systems. These developments are setting new benchmarks for environmentally conscious urban planning in Vietnam, attracting investors worldwide.
VinFast, Vingroup’s automotive division, has made remarkable strides in the electric vehicle industry, aligning with the global shift towards greener transportation. Their transition to fully electric cars and e-scooters significantly reduces Vietnam’s carbon footprint and promotes sustainable mobility.
A Global Visionary, Breaking Boundaries
Vingroup’s influence transcends Vietnam’s borders, with their innovative products, especially in the automotive sector, garnering international acclaim. Their projects have attracted significant foreign investment, bolstering Vietnam’s economic resilience and positioning it as a prominent player in the global market. Vingroup’s success is a testament to the entrepreneurial spirit of its founder, Pham Nhat Vuong, whose drive has propelled the company’s expansion into diverse industries.
VinFast has made headlines worldwide as the first Vietnamese car manufacturer to be listed on the U.S. stock exchange. With a rapidly growing presence in key international markets, VinFast has solidified its position as Southeast Asia’s second-largest EV manufacturer. By launching electric cars in major global markets, VinFast showcases Vietnam’s technological prowess and competes with established brands. This success landed VinFast on the “TIME 100 Most Influential Companies 2024” list, alongside industry titans.
The VinFuture Prize, an international science and technology award established by Vingroup in 2021, underscores the group’s commitment to global innovation. This prestigious award not only recognizes groundbreaking inventions but also brings the world’s most advanced scientific achievements to Vietnam, fostering a culture of innovation and benefiting future generations.
Through VinFast and VinFuture, Vingroup is elevating Vietnam’s profile as a significant contributor to global scientific and technological progress. This vision of connecting global intellect and fostering international collaboration aligns with Vingroup’s broader mission to enhance Vietnam’s standing on the world stage.
Beyond Profit: A Commitment to Social Responsibility
Vingroup’s success is underpinned by a mission that transcends financial gains. The group is deeply invested in the nation’s development and improving the lives of its people. Their extensive philanthropic endeavors, including scholarships, free medical services, and disaster relief efforts, showcase their dedication to social responsibility and building a better society.
By investing in education and healthcare, Vingroup is not just enhancing the quality of life in Vietnam but also laying the foundation for a more prosperous and equitable future. Their initiatives are creating opportunities for thousands of young people, empowering them to realize their potential and shape Vietnam’s future. Vingroup’s story inspires the next generation of Vietnamese entrepreneurs and innovators, emphasizing the power of excellence, risk-taking, and a strong sense of national contribution.
Painting contest held for buffaloes joining ploughing festival in Ha Nam
A buffalo painting contest for the Doi Son Tich Dien (ploughing) Festivalwas held on February 10, or the sixth day of the Lunar New Year in Doi Son commune, Duy Tien district, the northern province of Ha Nam.
Pho Hien folk cultural festival kicks off in Hung Yen
The Pho Hien Folk Cultural Festival opened in the northern province of Hung Yen on April 21.
Sam Son sea festival slated for April 21
The 2018 sea festival of Sam Son city of the north central coastal province of Thanh Hoa will take place on April 21, heard a press conference held in the city on April 12.
Ha Long Carnival opens in Quang Ninh
The Ha Long Carnival, a highlight of the Ha Long – Quang Ninh tourism week 2019, opened in Bai Chay and Hon Gai tourism area in the northern province of Quang Ninh on April 28.
Tam Chuc Pagoda – Ancient beauty amidst majestic scenery
Covering 5,100 ha, Tam Chuc complex is a perfect combination of ancient beauty and the mighty of the immense mountain.
