Vingroup JSC (HOSE: VIC) announces its acquisition of all shares in VinIT Information Technology Solutions JSC from Vinhomes JSC.
Following the transaction, Vingroup directly owns 79% of VinIT’s charter capital. Vinhomes is no longer a shareholder and will not consolidate VinIT into its consolidated financial statements.
VinIT, formerly known as VINTNET Transmission Infrastructure JSC, was established in August 2011 and later renamed to VinIT Information Technology Solutions and Transmission Infrastructure JSC.
The company has a charter capital of VND 50 billion. Its main business areas include data processing, telecommunications infrastructure development, and IT services.
According to Vingroup, VinIT plays a leading role in developing and providing IT services to the entire Vingroup ecosystem.
The Group has been making notable adjustments to its technology ecosystem recently.
On October 30, 2024, Vingroup spun off its subsidiary, VinAI Research and Application of Artificial Intelligence JSC, to establish Movian AI JSC with a charter capital of VND 226 billion, in which Vingroup holds a 65% stake.
In April 2025, Vingroup announced the transfer of its entire stake in Movian AI JSC (a subsidiary of VinAI) to Qualcomm Incorporated (USA).
In late 2024, Vingroup also sold VinBrain to Nvidia.
Vingroup currently has several other subsidiaries in the field of science and technology, including VinBigData, VinAI, VinHMS, VinCSS, VinIT, VinMotion, VinRobotics, VinITIS, and VinTech.
On the stock market, Vingroup’s VIC shares surged to the ceiling price of VND 91,500 per share on May 20, 2025, a gain of over 14% in just two sessions.
The Tech Game of Tycoon Pham Nhat Vuong: A Year in Review – A Tale of Twin Robot Companies and the Future of VinAI.
“Billionaire Pham Nhat Vuong’s Vingroup made headlines in 2024 with several notable divestment deals. The group divested from Vincom Retail and VinBrain, among other strategic moves, marking a significant shift in their business strategy and creating a buzz in the business world.”
The Race to Revolutionize Healthcare: NVIDIA Acquires VinBrain in a Swift Move by Pham Nhat Vuong to Tackle Cancer and Tuberculosis in Vietnam.
As of September 30, Vingroup has invested over $126 million in VinBrain, a startup in which it now holds a majority stake of over 49.7%. The voting rights and interest ratio stand at 49.74%.
What Did VinBrain Have Before Nvidia?
A notable acquisition was announced on the evening of December 5 in Hanoi. Nvidia, the global tech giant leading the AI race, has acquired VinBrain – Vingroup’s artificial intelligence startup.
“Vingroup Pledges Assets to Secure Vinhomes’ Issuance of up to VND 4,000 Billion in Bonds”
Previously, Vingroup’s Board of Directors passed a resolution to provide payment guarantees and utilize the Group’s owned assets as collateral for bonds issued by its subsidiary. This resolution pertains to privately placed bonds with a maximum face value of VND 6,500 billion to be issued by the subsidiary this year.
“Vinhomes Market Cap Surges by Nearly $1 Billion Following the Announcement of a $370 Million Share Repurchase”
The VHM stock of Vinhomes soared to nearly VND 40,000 per share, surging 15% after the company announced a buyback of 370 million shares, equivalent to 8.5% of the circulating shares.
