Vingroup

Vingroup
Public (HOSE:VIC)
Traded as Vingroup JSC
Founded 1993 (1993)
Founder Phạm Nhật Vượng
Headquarters Vinhomes Riverside, Viet Hung Ward, Long Bien District, Hanoi
Area served
 Vietnam
Key people
 Phạm Nhật Vượng (Chairman)
Dương Thị Mai Hoa (CEO)
Revenue 89.392 trillion VND (2017)[1]
9.445 trillion VND (2017)[1]
Total assets 213.792 trillion VND (2017)[1]
Number of employees
 40,000 (2016)[2] (347 excluding subsidiaries)[1]
Website vingroup.net
VinMart supermarket in Hanoi
Vinmec hospital
Vinpearl Hotel Nha Trang

Vingroup is a Vietnamese conglomerate focusing on real estate development. It is controlled by Phạm Nhật Vượng, who is the wealthiest Vietnamese. The company operates a total of over 1,000 retail stores across Vietnam and served over 4 million visitors in its amusement parks yearly.[2]

History

Vingroup was founded in Ukraine in 1993 as Technocom by Phạm Nhật Vượng. Originally producing dried foods, such as instant noodles, mainly under the Mivina brand, in 2000, the company started operations in Vietnam. In total Vingroup has 48 subsidiary companies.[1]

Since 2007, Vingroup is listed on the Ho Chi Minh City Stock Exchange.[2]

In 2010, Vingroup sold it's Ukraine operation to Nestlé for 150 million USD.

In 2016, Vingroup started operating their Vinmec healthcare and Vinschool education subsidiaries as non-profits to improve Vietnamese society.[2] The group invested 22.5 million USD in Australian real estate.[3]

In May 2018, 10% of Vinhomes was made public and Vinhomes started trading on the Ho Chi Minh City Stock Exchange.[4] The 25 year anniversary of Vingroup was celebrated by the opening of the Vingroup owned Landmark 81 tower in Ho Chi Minh City, the tallest completed building in Southeast Asia at the time.[5]

Subsidiaries

  • Vinhomes: residential real estate development (Landmark 81, Times City)
  • Vincity: middle-income targeted residential real estate development
  • Vincommerce: convencience stores (VinMart+), supermarkets (VinMart), electronics stores (VinPro) and home and beauty stores (VinDS). E-commerce operations under Adayroi.com
  • Vincom: shopping malls (Vincom Centre, Vincom Plaza, Vincom Mega Mall, Vincom+ mall)
  • Vincom Office: office real estate
  • Vinpearl Land: Amusement parks and attractions such as an ice skating rink and a water park and Vinpearl Safari Phu Quoc.
  • Vinpearl: Vinpearl owns major resorts in Vietnam such as Vinpearl Nha Trang, Vinpearl Da Nang and other projects such as Vinpearl Village, Vinpearl Hai Giang
  • Vinmec: Healthcare including Vinmec International Hospital, Times City Hanoi, Vinmec Royal International
  • Vinschool: education from kindergarten, elementary school , middle school to high school, with a total of 13,000 students enrolled.
  • VinUni: University, in partnership with Cornell University and Pennsylvania State University[6][7]
  • VinDS: Fashion- Sport- Shoes- Beauty and Index Living Mall [17].
  • VinPro: electronic technology center
  • VinEco: agricultural production, operating 14 farms spanning 2,000 hectares (7.7 sq mi) of land.
  • VinFast: automobile and motorbike manufacturing, planning to release first model in 2018[8][9]
  • VinSmart
  • VinFa: pharmaceuticals and traditional medicine
  • VinKC: children's goods and services for childcare.[10]
  • Vintata: animation studio
  • Almaz: high-end restaurant and conference centre[11]
  • Thien Tam Fund: filantropical organisation on behalf of Vingroup[12]

References

  1. 1 2 3 4 5 (PDF), Vingroup Joint Stock Company Consolidated Financial Statement, 31 December 2017 http://vingroup.net/Uploads/0_Information%20Release/2018/2017_Audited%20Consolidated%20Financial%20Statement.pdf Missing or empty |title= (help)
  2. 1 2 3 4 Annual Report 2016 (PDF)
  3. ↑ "Vietnam's Vingroup enters Australian property market with $22.5m land deal - DealStreetAsia".
  4. ↑ Daga, Anshuman. "Vinhomes raises $1.35 billion in Vietnam's biggest share issue:..."
  5. ↑ VnExpress. "Vietnam's tallest Landmark opens for business - VnExpress International".
  6. ↑ http://vietnamnews.vn/brand-info/426643/vinuni-creates-breakthrough-in-higher-education-quality.html#uD2kx8XcRgwQIojc.97
  7. ↑ "Cornell to collaborate with Vingroup to establish VinUniversity in Hanoi, Vietnam - Cornell Chronicle". news.cornell.edu.
  8. ↑ Vasilash, Gary S. "VinFast: A Vietnamese Auto Startup Living Up to Its Name". www.adandp.media.
  9. ↑ "Subscribe to read". Financial Times.
  10. ↑ Launching Vinkc Brand, Vingroup To Officially Enter Retail Market | News & Events
  11. ↑ bizhub.vn. "Vingroup opens Almaz centre in Ha Noi".
  12. ↑ "Quỹ Thiện Tâm - Giới thiệu - LỜI MỞ ĐẦU". quythientam.com.
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