Vingroup is the largest private conglomerate in Vietnam and one of the leading multi-sector private economic groups in the region. Vingroup focuses on three core pillars, including: Technology & Industry – Trade & Services – Social Enterprise. Vingroup’s 2020 revenue accounts for about 2.2% of GDP.
The total capitalization of 3 listed companies including Vingroup, Vinhomes, and Vincom Retail reached nearly 39 billion USD (as of December 31, 2021).
Vingroup was founded in 1993 by Mr. Pham Nhat Vuong, formerly known as Technocom company specializing in dehydrated food production in Ukraine. In the early 2000s, Vingroup started operations in Vietnam, and soon developed into a leading multi-sector group covering all aspects of life, from residential real estate (Vinhomes), Retail Real Estate (Vincom Retail), Tourism (Vinpearl & VinWonders), Healthcare (Vinmec), Education (VinUni & Vinschool) to Industry (VinFast, VinES) and Technology (VinAI, Vin Bigdata, VinBrain, VinCSS, VinHMS).
Vingroup Chairman Pham Nhat Vuong is the first Vietnamese billionaire named in the ranking of world billionaires published by Forbes magazine (since 2013). His fortune is currently estimated at $7.5 billion, ranking first in Vietnam and 344th on Forbes’ billionaire’s list.
Vingroup’s mission is “to create a better life for people.” In accomplishing this mission, Vingroup introduces products and services that meet global standards and provide modern lifestyle experiences. In every business sector, Vingroup has proven its position as a pioneer and leader of consumer trends. In 2021, Vingroup was selected as The most favorite domestic brand in Vietnam, according to a survey by Campaign Asia and NielsenIQ.