CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: 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.
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.
