{{short description|Vietnamese conglomerate founded in 1993}} {{Multiple issues| {{Promotional|date=July 2022|type=an advertisement or otherwise promotional material}} {{More citations needed|date=January 2025}} }} {{Use mdy dates|date=July 2022}} {{Infobox company | name = Vingroup Joint Stock Company | logo = Vingroup_logo small.svg | logo_size = 170 | type = Private | trade_name = Vingroup Company | native_name = Tập đoàn Vingroup – Công ty CP | native_name_lang = vi | traded_as = {{HOSE|VIC}} | genre = | predecessor = Technocom Corporation | foundation = {{start date and age|1993|8|8}} in Ukraine<br />as Technocom | founder = Phạm Nhật Vượng | hq_location = Vinhomes Riverside | hq_location_city = Long Bien District, Hanoi | hq_location_country = Vietnam | key_people = {{Unbulleted list|Phạm Nhật Vượng (Chairman)| Nguyễn Việt Quang (CEO)}} | area_served = Worldwide, primarily in Vietnam | industry = Conglomerate | services = | revenue = {{down}}{{VND|101.8 trillion}} (2022)<ref>{{Cite web|url=https://vingroup.net/viewer.html?file=https%3A%2F%2Fircdn.vingroup.net%2Fstorage%2FUploads%2F0_Quan%20he%20co%20dong%2F0_Vingroup_2023%2FBCTN%2FBCTN%20Vingroup%202022_ENG.pdf|title=VinGroup Annual Report 2022}}</ref> | net_income = {{up}}{{VND|2.08 trillion}} (2022) | assets = | equity = | parent = | num_employees = 51,400 (2022) | divisions = | subsid = See § Subsidiaries | caption = | homepage = {{URL|vingroup.net}}<ref>{{cite web|title=Home|website=Vingroup Company|url=http://vingroup.net/en}}</ref> | footnotes = }} '''Vingroup JSC''' ({{Langx|vi|Tập đoàn Vingroup – Công ty CP|lit=Vingroup Group – JSC}}) is a private Vietnamese conglomerate owned by entrepreneur Phạm Nhật Vượng as the largest shareholder, and headquartered in Long Bien district, Hanoi. Vingroup is one of the largest conglomerates of Vietnam,<ref>{{Cite web |last=Nguyen |first=Daisy |date=2020-02-05 |title=Vietnam's largest conglomerate reports huge profits |url=https://vietnaminsider.vn/vietnams-largest-conglomerate-reports-huge-profits/ |url-status=live |archive-url=https://web.archive.org/web/20201128185046/https://vietnaminsider.vn/vietnams-largest-conglomerate-reports-huge-profits/ |archive-date=2020-11-28 |access-date=2021-04-14 |website=Vietnam Insider |language=en-US}}</ref> focusing on technology, industry,<ref>{{Cite web |date=2018-08-29 |title=Vingroup to become tech-industry-service conglomerate |url=https://vietnamnews.vn/economy/464304/vingroup-to-become-tech-industry-service-conglomerate.html |website=Vietnam News |language=en}}</ref> real estate development, retail, and services from healthcare to hospitality. {{As of|2022||}}, Vingroup's revenue and that of its subsidiaries accounted for nearly 1.1% of Vietnam's GDP⠀⠀
The company was founded in Ukraine in 1993 by property developer and entrepreneur Phạm Nhật Vượng as '''Technocom''' and originally produced food products.
==History== '''Vingroup''' was founded in Ukraine on August 8, 1993 as Technocom. It started as a food company, initially producing dried food products, notably instant noodles under the Mivina brand by Phạm Nhật Vượng. By 2000, the company began operations in Vietnam.<ref>{{cite web |title=About Vingroup |url=https://vingroup.net/en/about |website=Vingroup}}</ref>
In 2006, Vinpearl Land, the conglomerate's first amusement park, was opened in Nha Trang.{{Citation needed|date=April 2024}}
In 2007, Vingroup was listed on the Ho Chi Minh City Stock Exchange.<ref name="annual_report_2016">{{citation |title=Annual Report 2016 |url=http://vingroup.net/Uploads/0_Quan%20he%20co%20dong/0_Vingroup_2017/05/Vingroup_AnnualReport2016_vF_EN.PDF |archive-url=https://web.archive.org/web/20180727212132/http://vingroup.net/Uploads/0_Quan%20he%20co%20dong/0_Vingroup_2017/05/Vingroup_AnnualReport2016_vF_EN.PDF |url-status=dead |archive-date=2018-07-27}}</ref>
In February 2010, Vingroup sold its Technocom facility in Ukraine and the Mivina brand to Nestlé for a deal worth approximately US$150 million.<ref>{{Cite web |date=February 26, 2010 |title=Company Nestle bought the Kharkov trademark enterprise "Mivina" |url=http://www.economy-ukraine.com.ua/?p=76 |url-status=dead |archive-url=https://web.archive.org/web/20100301193953/http://www.economy-ukraine.com.ua/?p=76 |archive-date=2010-03-01 |website=Economy of Ukraine}}</ref>{{Verify source|date=April 2024}}
In October 2014, Vingroup bought the supermarket chain OceanMart from Ocean Group and was rebranded as VinMart in a move to gain market share in the retail industry.<ref name=":1" /> Vingroup also launched an animal conservation program on Phú Quốc, Vietnam's largest island, in September 2015. It had started with research and conservation of some rare animal species and their natural habitats by Vinpearl Safari.<ref>{{Cite news |date=15 September 2015 |title=Vingroup begins animal conservation programme on Phu Quoc; safari next |work=VietNamNet |url=https://english.vietnamnet.vn/fms/environment/141444/vingroup-begins-animal-conservation-programme-on-phu-quoc--safari-next.html |url-status=dead |access-date=2 June 2019 |archive-url=https://web.archive.org/web/20190602054002/https://english.vietnamnet.vn/fms/environment/141444/vingroup-begins-animal-conservation-programme-on-phu-quoc--safari-next.html |archive-date=2019-06-02}}</ref>
In October 2015, Vingroup bought the Vietnamese supermarket chain Maximark.<ref name=":1">{{Cite web |title=Vingroup announces plan to buy supermarket chain |url=http://vietnamnews.vn/economy/277631/vingroup-announces-plan-to-buy-supermarket-chain.html |url-status=dead |archive-url=https://web.archive.org/web/20201001131355/https://vietnamnews.vn/economy/277631/vingroup-announces-plan-to-buy-supermarket-chain.html |archive-date=2020-10-01 |access-date=2019-06-02 |website=Việt Nam News |language=en}}</ref>
In 2016, Vingroup began operating its Vinmec healthcare and Vinschool education subsidiaries as non-profits.<ref name="annual_report_2016" />
In September 2017, Vingroup started construction of a car factory for the VinFast subsidiary.<ref>{{Cite news |date=2017-09-02 |title=Vietnam's Vingroup starts construction on $1-1.5 billion first... |language=en |work=Reuters |url=https://www.reuters.com/article/us-vietnam-vingroup-idUSKCN1BD092 |access-date=2019-06-02}}</ref> [[File:Landmark 81 cropped.png|thumb|Landmark 81 tower]] In May 2018, 10% of Vinhomes was made public on the Ho Chi Minh City Stock Exchange.<ref>{{cite news|url=https://www.reuters.com/article/us-vinhomes-ipo/vinhomes-share-sale-raises-1-35-billion-in-vietnams-biggest-issue-sources-idUSKBN1I80F3|title=Vinhomes raises $1.35 billion in Vietnam's biggest share issue:...|first=Anshuman|last=Daga|website=Reuters|date=7 May 2018}}</ref> The 25th anniversary of Vingroup was celebrated by the opening of its Landmark 81 tower in Ho Chi Minh City, the tallest completed building in Southeast Asia at the time.<ref>{{cite web |last=Chi |first=Hue |date=July 27, 2018 |title=Vietnam's tallest Landmark opens for business – VnExpress International |url=https://e.vnexpress.net/news/news/vietnam-s-tallest-landmark-opens-for-business-3784106.html |website=VnExpress}}</ref>
In October 2018, Vingroup announced that VinFast, its car division, would become the first domestic car manufacturer, with an annual production capacity of 250,000 cars. $3.5 billion was invested in the development of this project.<ref>{{Cite news |last=Pearson |first=James |date=2018-10-03 |title=Fast and serious: Vietnam's first domestic car manufacturer bets big |language=en |work=Reuters |url=https://www.reuters.com/article/us-vingroup-vietnam-autos-idUSKCN1MB1WN |access-date=2019-06-02}}</ref>
In November 2018, the city of Hanoi announced that the city would be hosting a Formula 1 Grand Prix starting in April 2020, with Vingroup as the promoter of the project. The race was later cancelled due to the COVID-19 pandemic.<ref>{{Cite web |date=2018-11-07 |title=Vietnam to host Formula 1 Grand Prix from 2020 {{!}} Formula 1® |url=https://www.formula1.com/en/latest/article.vietnam-to-host-formula-1-grand-prix-from-2020.5GwYlGbr56A0GCycMuUM0G.html |access-date=2019-06-02 |website=Formula One |language=en}}</ref>
In December 2018, Vingroup entered the smartphone market with the launch of VinSmart phones, running on Android operating system. The smartphones are produced by the VinSmart unit.<ref>{{Cite web |last=Reed |first=John |date=15 December 2018 |title=Vingroup targets 30% Vietnam smartphone market with first mobile |url=https://www.ft.com/content/c7bdf5ea-00d6-11e9-99df-6183d3002ee1 |access-date=2019-06-02 |website=Financial Times |language=en-GB}}</ref><ref>{{Cite news |date=2018-12-14 |title=Vietnam's Vingroup targets global markets with smartphones in tech shift |language=en |work=Reuters |url=https://www.reuters.com/article/us-vingroup-smartphones-idUSKBN1OD1IV |access-date=2019-06-02}}</ref>
In 2019, Vingroup's automobile subsidiary VinFast introduced three new combustion vehicles.<ref>{{Cite news |last1=K |first1=Oanh Ha |last2=Nguyen |first2=Kieu Giang |last3=Boudreau |first3=John |date=2020-06-08 |title=Vietnam's Richest Man Has a Plan to Save the Virus-Stricken World |language=en |work=Bloomberg News |url=https://www.bloomberg.com/news/features/2020-06-08/vietnam-s-richest-man-plans-ventilator-exports-for-covid-19-cases |access-date=2021-03-23}}</ref>
In March 2019, Vingroup acquired the e-wallet platform MonPay.<ref>{{Cite web |last=Nguyen |first=Quynh |date=May 24, 2019 |title=Vietnam's Vingroup acquires e-wallet platform MonPay |url=https://www.dealstreetasia.com/stories/vingroup-monpay-vinid-137220/ |access-date=2019-06-02 |website=DealStreetAsia |language=en-US}}</ref>
In May 2019, South Korean conglomerate SK Group bought a 6.1% stake in Vingroup for $1 billion.<ref>{{Cite news|url=https://www.reuters.com/article/us-sk-group-vingroup-idUSKCN1SM0JS|title=SK Group invests $1 billion in Vingroup as part of Vietnam expansion|date=2019-05-16|work=Reuters|access-date=2019-06-02|language=en}}</ref><ref>{{Cite web |date=2019-05-16 |title=SK Group to buy 6.1% stake in Vietnam's Vingroup for US$1b |url=https://www.businesstimes.com.sg/asean-business/sk-group-to-buy-61-stake-in-vietnams-vingroup-for-us1b |access-date=2019-06-02 |website=The Business Times |language=en}}</ref>
In February 2020, Vinpearl Land rebranded as VinWonders.
In May 2021, Vingroup announced that it would cease the production of smartphones and televisions.<ref>{{Cite web |last=Onishi |first=Tomoya |date=May 11, 2021 |title=Vingroup makes quick exit out of smartphones in shift to EVs |url=https://asia.nikkei.com/Business/Electronics/Vingroup-makes-quick-exit-out-of-smartphones-in-shift-to-EVs |access-date=2022-02-12 |website=Nikkei Asia |language=en-GB}}</ref> Vingroup's manufacturing division lost approximately $1.05 billion "due to sluggish sales of gasoline-powered cars at home and growing investments in the emerging electric vehicle business."<ref>{{Cite web |last=Onishi |first=Tomoya |date=February 9, 2022 |title=Vingroup loses $1bn in manufacturing on poor sales of gasoline cars |url=https://asia.nikkei.com/Business/Automobiles/Vingroup-loses-1bn-in-manufacturing-on-poor-sales-of-gasoline-cars |access-date=2022-02-12 |website=Nikkei Asia |language=en-GB}}</ref><ref name=":0">{{Cite news |title=Vingroup, Vietnam's top conglomerate, leaps into global markets |url=https://www.economist.com/business/2022/04/02/vingroup-vietnams-top-conglomerate-leaps-into-global-markets |access-date=2024-02-04 |newspaper=The Economist |issn=0013-0613}}</ref>
In January 2025, Vingroup's market capitalization had declined by nearly half to approximately $6 billion since VinFast's listing in August 2023. Over the past year, its shares have fallen 6.6%, the largest drop among Vietnam's ten largest listed companies, underperforming the Vietnam market's 7.5% gain.<ref>{{Cite news |title=EV maker VinFast's losses heap pressure on parent Vingroup as foreign investors sell |url=https://www.reuters.com/business/autos-transportation/ev-maker-vinfasts-losses-heap-pressure-parent-vingroup-foreign-investors-sell-2025-01-23/ |work=Reuters}}</ref>
==Subsidiaries== thumb|VinPearl Hotel Nha Trangthumb|VinMec hospitalVingroup was originally established as a merger of Vincom and VinPearl – the two businesses under Phạm Nhật Vượng ownership. Both of them still exist as significant subsidiaries under Vingroup.
=== Hospitality, real estate, healthcare, and services === ====Vinhomes==== Vinhomes is a subsidiary of residential real estate, villas, and other services. Vingroup develops real estate across three main segments: high-end residential projects under the Vinhomes brand, mid-range housing originally branded VinCity (later renamed Vinhomes Sapphire, Vinhomes Ruby, and Vinhomes Diamond<ref>{{Cite web |title=VinCity 'biến mất', quyền lợi khách hàng ra sao? |url=https://tanthoidai.com.vn/news/vincity-bien-mat-quyen-loi-khach-hang-ra-sao-13133.html |access-date=2025-11-10 |website=VinCity ‘biến mất’, quyền lợi khách hàng ra sao? |language=vi-VN}}</ref>), affordable housing projects under Happy Town, and premium office leasing system (Vin Office).<ref>{{Cite web |date=2018-06-29 |title=Vingroup sẽ bán căn hộ Happy Town với giá 200 triệu đồng |url=https://tuoitre.vn/vingroup-se-ban-can-ho-happy-town-voi-gia-200-trieu-dong-20180629163042091.htm |access-date=2025-11-10 |website=Tuoi Tre Online |language=vi}}</ref> Notable developments include Vinhomes Royal City and Vincom Mega Mall, Vinhomes Times City & Park Hill, Vinhomes Nguyễn Chí Thanh, Vinhomes Riverside & Harmony Long Biên, Vinhomes Central Park and The Landmark 81, Vinhomes Dragon Bay Quảng Ninh, Vinhomes Imperia Hải Phòng, Vinhomes Skylake Phạm Hùng, Vinhomes Ocean Park Gia Lâm, Vinhomes Grand Park District 9, Vinhomes Smart City Tây Mỗ - Đại Mỗ, Vinhomes New Center Hà Tĩnh, Vinhomes Star City Thanh Hoá, Vinhomes Golden River District 1, Vinhomes West Point Nam Từ Liêm, and Vinhomes Green Bay Mễ Trì.<ref>{{Cite web |date=January 24, 2025 |title=Tổng hợp các dự án Vinhomes của Vingroup |url=https://thuvienphapluat.vn/phap-luat-nha-dat/tong-hop-cac-du-an-vinhomes-cua-vingroup-109.html |website=Thu Vien Phap Luat Viet Nam}}</ref>
====Vincom Retail==== Vincom Retail is a commercial real estate and office subsidiary.<ref>{{Cite web |title=Vincom Retail {{!}} Case Studies {{!}} Warburg Pincus |url=https://warburgpincus.com/case-studies/vincom-retail/ |access-date=2025-12-09 |language=en-US}}</ref> Key commercial complexes and projects include Vincom Mega Mall Royal City and Vincom Megal Mall Times City, Vincom Center Bà Triệu, Vincom Plaza Long Biên, Vincom Center Đồng Khởi, Vincom Plaza Đà Nẵng, Vincom Plaza Cần Thơ, Vincom Plaza Hạ Long, Vincom Plaza Thủ Đức, as well as the Vincom+ and Vincom Shophouse systems.<ref>{{Cite web |date=2024-11-22 |title=Vincom Retail: A Catalyst Driving Vietnam's Retail Future |url=https://sloveniatimes.com/41654/vincom-retail-a-catalyst-driving-vietnams-retail-future |access-date=2025-12-09 |website=sloveniatimes.com |language=en}}</ref>
==== Vinpearl ==== Vinpearl Resorts is a resort and hotel chain of Vingroup, providing hospitality, culture, and cuisine to customers. <ref name=":2">{{Cite web |title=Vinpearl's Multi-Experience Resorts: A "Back to Nature" Experience that's Anything but Boring |url=https://www.newsvoir.com/release/vinpearl-apos-s-multi-experience-resorts-a-quot-back-to-nature-quot-experience-that-apos-s-anything-but-boring-29583.html |access-date=2025-12-09 |website=www.newsvoir.com |language=en-gb}}</ref>Vinpearl operates luxury resorts and tourism complexes across Vietnam, including Vinpearl Nha Trang, Vinpearl Đà Nẵng, Vinpearl Làng Vân, and Vinpearl Hải Giang.<ref name=":2" /> Its high-end golf system operates under Vinpearl Golf.<ref>{{Cite web |title=Classy Experience at Vinpearl Phu Quoc Golf Course! |url=https://rootytrip.com/en/phu-quoc-golf-courses/ |archive-url=https://web.archive.org/web/20250909165334/https://rootytrip.com/en/phu-quoc-golf-courses/ |archive-date=September 9, 2025 |access-date=2025-12-09 |website=rootytrip.com |language=en-US |url-status=live }}</ref> The Vinpearl Hotel and Resort network includes four main brands: Vinpearl Luxury, Vinpearl Hotels & Resorts, Vinpearl Discovery, and VinOasis. Prominent properties include Vinpearl Luxury Đà Nẵng, Vinpearl Luxury Nha Trang, and Vinpearl Resort & Golf Phú Quốc.<ref>{{Cite web |title=From Barren Island to Glittering Oasis: The Vinpearl Story |url=https://vietnamnews.vn/media-outreach/1661272/from-barren-island-to-glittering-oasis-the-vinpearl-story.html |access-date=2025-12-09 |website=vietnamnews.vn |language=en}}</ref>
==== VinWonders ==== Vingroup operates amusement parks, ice rinks, and water parks under the VinWonders brand.<ref>{{Cite web |title=VinWonders Phu Quoc (2025) - All You Need to Know BEFORE You Go (with Reviews) |url=https://www.tripadvisor.com/Attraction_Review-g12666019-d8111328-Reviews-VinWonders_Phu_Quoc-Ganh_Dau_Phu_Quoc_Island_Kien_Giang_Province.html |archive-url=https://web.archive.org/web/20250817130748/https://www.tripadvisor.com/Attraction_Review-g12666019-d8111328-Reviews-VinWonders_Phu_Quoc-Ganh_Dau_Phu_Quoc_Island_Kien_Giang_Province.html |archive-date=August 17, 2025 |access-date=2025-12-09 |website=Tripadvisor |language=en-US |url-status=live }}</ref> The group also manages the Vinpearl Safari wildfire care and conservation park in Phú Quốc, as well as VinWonders Nha Trang, VinWonders Phú Quốc, VinWonders Nam Hội An, and the Vinpearl Aquarium in Times City.<ref>{{Cite web |title=VinWonders: The Ultimate Traveler’s Guide to Fun and Adventure |url=https://www.bamboohattours.com/blog/vinwonders-the-ultimate-travelers-guide-to-fun-and-adventure |access-date=2025-12-09 |website=www.bamboohattours.com |language=en}}</ref>
==== VinMec==== VinMec is a healthcare service subsidiary. The VinMec system includes the VinMec International General Hospital at Times City, Hanoi, and the VinMec Royal City International Clinic.<ref>{{Cite web |title=Vinmec healthcare system |url=https://medicaltourism.vn/department/vinmec-healthcare-system/ |access-date=2025-12-09 |website=MedicalTourism.vn {{!}} Premium Healthcare & Travel in Vietnam |language=en-US}}</ref>
===VinFast=== {{See also|VinFast}} VinFast was launched in 2017 to manufacture cars and motorcycles powered by both internal combustion and electric engines.<ref name=":3">{{Cite web |last=Degen |first=Matt |date=2022-04-29 |title=What is VinFast? All About the New Vietnamese Automaker |url=https://www.kbb.com/car-news/what-is-vinfast-all-about-the-new-vietnamese-automaker/ |access-date=2025-12-09 |website=Kelley Blue Book |language=en-US}}</ref> The company planned five vehicle types: a 5-seater sedan, SUV, a compact car, an electric car, and an electric bus'''—'''all set to debut in 2019.<ref name=":3" /> Two internal combustion models'''—'''a five-seat sedan and a seven-seat SUV'''—'''were successfully introduced to the public in October 2018 at the Paris Motor Show.<ref>{{Cite web |last=VinFast |title=VinFast Steals the Show in Paris |url=https://www.prnewswire.com/news-releases/vinfast-steals-the-show-in-paris-837483943.html |access-date=2025-11-11 |website=www.prnewswire.com |language=en}}</ref>
Since 2021, VinFast has established offices and operations in the United States, Canada, France, Germany, and the Netherlands. The company focuses on the development and export of electric vehicles.<ref>{{Cite web |title=VinFast officially begins operations in North America & Europe {{!}} VinFast |url=https://vinfastauto.us/newsroom/press-release/vinfast-officially-begins-operations-in-north-america-europe |access-date=2025-11-11 |website=vinfastauto.us |language=en}}</ref> In 2024, Vinfast launched the VF6 electric SUV in Europe and expanded its retail network in North America.<ref>{{Cite web |title=VinFast officially begins operations in North America and Europe |url=https://vietnamnews.vn/economy/991133/vinfast-officially-begins-operations-in-north-america-and-europe.html |access-date=2025-11-11 |website=vietnamnews.vn |language=en}}</ref>
=== Education === ==== Vinschool ==== The Vinschool education system offers programs from kindergarten to high school. As of now, it operates 27 campuses in Hanoi and Ho Chi Minh, serving more than 23,000 students. Vinschool is also the largest Vietnamese private school system in Vietnam.<ref>{{Cite web |last=Bank |first=Asian Development |date=2025-03-18 |title=ADB, Vinschool Sign First Sustainability-Linked Loan in Viet Nam’s Education Sector |url=https://www.adb.org/news/adb-vinschool-sign-first-sustainability-linked-loan-viet-nam-education-sector |access-date=2025-12-09 |website=www.adb.org |language=en}}</ref>
==== Vinuniversity ==== Vingroup established VinUniversity (VinUni) and VinMec University of Health Sciences.<ref>{{Cite web |title=Đảng bộ tỉnh Hưng Yên, DANG BO TINH HUNG YEN |url=https://tuyengiao.hungyen.dcs.vn/phe-duyet-dieu-chinh-quy-hoach-chi-tiet-xay-dung-ty-le-1500-doi-voi-co-so-ii-truong-dai-hoc-cong-doan-va-truong-dai-hoc-y-khoa-vinmec-c2683.html |access-date=2025-11-10 |website=tuyengiao.hungyen.dcs.vn |language=vi-vn}}</ref> It has signed strategic cooperation agreements with two Ivy League institutions- Cornell University<ref>{{Cite web |last=Johnson |first=Cornell SC |title=VinUniversity Project |url=https://business.cornell.edu/faculty-research/vinuniversity-project/ |access-date=2025-12-09 |website=Cornell SC Johnson |language=en-US}}</ref> and the University of Pennsylvania (Penn).<ref>{{Cite web |title=Home {{!}} Vingroup-Penn Alliance {{!}} Perelman School of Medicine at the University of Pennsylvania |url=https://www.med.upenn.edu/vingroup-penn-alliance/ |access-date=2025-12-09 |website=www.med.upenn.edu}}</ref> On November 11, 2019, VInUni announced its first admissions cycle (2020-2021) for three academic fields: Business Administration, Health Sciences, and Engineering & Computer Science.<ref name=":4">{{Cite web |date=2019-11-11 |title=VinUni calls for admission for the first academic year 2020-2021 |url=https://english.vtv.vn/other-news/vinuni-calls-for-admission-for-the-first-academic-year-2020-2021-20200110105123796.htm |access-date=2025-12-09 |website=english.vtv.vn |language=vi}}</ref> Admission includes two rounds: application evaluation and interview. Candidates are required to demonstrate proficiency or potential to study in English: artistic or athletic talent is considered an advantage.<ref name=":4" />
=== Entertainment and culture === {{See also|8Wonder}} Since 2023, Vingroup has hosted annual ''8Wonder'' music festivals, featuring Vietnamese and international artists, and other cultural and entertainment activities for audiences.
In November 2025, Vingroup announced that they have invested in establishing three additional subsidiaries to preserve and promote Vietnamese traditional identity and culture.<ref>{{cite web|url=https://sloveniatimes.com/45526/vingroup-announces-culture-as-a-new-core-pillar-to-develop-world-class-artistic-spaces|title=Vingroup announces culture as a new core pillar to develop world-class artistic spaces|date=10 November 2025|website=The Slovenia Times|accessdate=14 November 2025}}</ref> *'''V-Culture Talents''': This subsidiary focuses on selecting, training, and developing young talents in music, performing arts and traditional cultural forms. *'''V-Film Cinema''': This subsidiary operates in film production and distribution, television programming, photography, audio recording and music publishing. It also trains professionals across the film industry, from directors and screenwriters to actors. *'''V-Spirit''': This subsidiary organises, promotes and manages cultural and artistic events, exhibitions, conferences and seminars.
=== Other subsidiaries === * '''VinFuture Prize''': Annual international award, honoring health, technology, science, and sustainability achievements. * '''VinID''': Providing Fintech, Loyalty and Digital Marketing services with roughly 7 million users in 2019.<ref>{{Cite web|title=Siêu ứng dụng thông minh cho người Việt|url=https://vinid.net/|access-date=2021-12-31|website=VinID|language=vi}}</ref> *'''VinAI''': Artificial intelligence research.<ref>{{Cite web |title=VinAI - Intelligence for Tomorrow, Today |url=https://vietnamnews.vn/brand-info/772326/vingroup-to-announce-a-pioneering-solution-to-optimize-cameras-under-display.html |access-date=2024-08-04 |website=VinAI |language=en}}</ref> * '''VinBrain''': Healthcare technology using AI and machine learning. * '''VinBigData''': AI and data science applications for business. * '''VinCSS''': Cyber security services.<ref>{{Cite web |last= |date=November 23, 2018 |title=Vingroup opens three technology firms |url=http://bizhub.vn/tech/vingroup-opens-three-technology-firms_301022.html |access-date=2021-12-31 |website=Việt Nam News |language=vi-VN}}</ref> *'''VinHMS''': Hotel management software. *'''Thien Tam Fund''': Philanthropic organization on behalf of Vingroup.<ref>{{cite web |title=Quỹ Thiện Tâm – Giới thiệu – LỜI MỞ ĐẦU |url=http://quythientam.com/vi-VN/AboutUs/thungo-111/2010/Kinh-gui-Quy-doc-gia-9 |url-status=dead |archive-url=https://web.archive.org/web/20180623150540/http://quythientam.com/vi-VN/AboutUs/thungo-111/2010/Kinh-gui-Quy-doc-gia-9 |archive-date=2018-06-23 |website=quythientam.com |language=vi-VN}}</ref> *'''Green SM''': Ridesharing company
=== Sold or dissolved subsidiaries ===
*'''VinSmart''': Smartphones and televisions. *'''VinCommerce''': Convenience stores (VinMart+) and supermarkets (VinMart). The controlling stake was sold to Masan Group in 2019, but VinGroup retains a large stake.<ref name="vietnaminsider.vn">{{Cite web |last=Dougn |first=Dean |date=December 3, 2019 |title=VinCommerce and VinEco of Vingroup will be merged with Masan Consumer |url=https://vietnaminsider.vn/vincommerce-and-vineco-of-vingroup-will-be-merged-with-masan-consumer/ |website=Vietnam Insider}}</ref> South Korean conglomerate SK Group has agreed to acquire a 16.3% stake.<ref>{{Cite web |date=2021-04-07 |title=SK Group acquires stake in VinCommerce for $410m |url=https://www.retail-insight-network.com/news/sk-group-vincommerce-acquisition/ |access-date=2021-12-31 |website=Retail Insight Network |language=en-US}}</ref> * '''Vincom (Retail)''': Shopping malls and retail (Vincom Centre, Vincom Plaza, Vincom Mega Mall, Vincom+) One of the founding arms of Vingroup besides VinPearl. * '''Vincom (Office)''': Office real estate.{{Citation needed|date=May 2023}}
==References== {{reflist}}
== External links == *{{commons category-inline}} * {{Official website|http://vingroup.net/}} * {{Facebook|vingroup.net}}
{{VinFast}} {{authority control}}
Category:Vingroup Category:Conglomerate companies established in 1993 Category:Real estate companies established in 1993 Category:1993 establishments in Vietnam Category:Vietnamese companies established in 1993 Category:Conglomerate companies of Vietnam Category:Companies in the VN30 Equal Weight Index