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Vingroup (VIC) announced Resolution No. dated November 5, 2025. The Board of Directors approved the merger of VinApp Joint Stock Company (Business Registration Code: 0202200178) into VinSmart Future Joint Stock Company (Business Registration Code: 0105479189).
The move aims to “optimize the operations of technology companies within the Group,” as stated by Vingroup.
Image from Vinclub Website
VinApp Joint Stock Company primarily operates as an “Information Portal” and is known for managing Vingroup’s VinClub loyalty program.
Established on September 11, 2025, VinSmart Future (VSF) is positioned as Vingroup’s core technology company. Its goal is to develop a unified technology platform, integrating smart operational management with a “super app” for customers.
Key components of VinSmart Future include technology infrastructure (data centers, security), shared services for management (AI, data, finance), and end-user applications such as integrated super apps, specialized apps (e.g., Xanh SM), and internal applications.
This merger consolidates the legal entity managing the VinClub loyalty program (VinApp) into the core unit developing a unified technology platform and AI solutions for the entire ecosystem.
According to Vingroup’s Q3/2025 consolidated financial report, as of September 30, 2025, both VinApp and VinSmart Future are wholly-owned subsidiaries, with Vingroup holding nearly absolute stakes (99.85% and 99.99%, respectively).
Upon completion of the merger, VinApp will cease to exist. Vingroup will remain the parent company of VinSmart Future. The Board of Directors has authorized representatives at both companies to handle merger-related matters in compliance with legal regulations.
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