Since late last year, billionaire Pham Nhat Vuong has contributed capital to establish numerous new companies.
Alongside Vingroup, Vietnam’s wealthiest individual currently holds shares in over a dozen companies:
+ Vietnam Investment Group (VIG)
+ Green and Smart Mobility Corporation (GSM)
+ Hung Long Real Estate Management & Investment Corporation (formerly VMI)
+ VinEnergo Energy Corporation
+ VinSpeed High-Speed Railway Investment and Development Corporation
+ VinFuture Prize Fund
+ Asian Star Trading & Investment
+ Green Future Trading & Services Corporation
+ VinRobotics Research, Development & Application Corporation
+ VinMotion Multipurpose Robotics Research, Development & Application Corporation
+ V-Green Global Charging Station Development Corporation
+ VinVentures Venture Capital Fund
+ Sai Dong Urban Development Investment Corporation
+ VinDynamics Humanoid Robotics Research, Development & Application Corporation
Vietnam Investment Group (VIG) has long been known as Pham Nhat Vuong’s key personal investment company, holding two critical investments: 32.5% of Vingroup and 32.9% of VinFast Auto Ltd.
Through Asian Star Trading & Investment, a Singapore-based investment company, Vuong indirectly owns 14.3% of VinFast Auto. Vingroup also holds 50.7% of VinFast Auto.
To date, Vuong has used nearly 600 million VIC shares to contribute capital to establish four companies: Hung Long (formerly VMI), GSM, VinEnergo, and VinSpeed.
294 million VIC shares contributed to Hung Long and GSM
In late 2022 and early 2023, Vuong used 294 million personal VIC shares to contribute capital to establish Hung Long and GSM. These companies are pioneers in their respective fields: Hung Long focuses on dividing VinHomes products for sale to small investors, while GSM specializes in electric car, motorcycle, and VinFast taxi rental services.
GSM has developed a network of thousands of taxis and electric motorcycles across Vietnam and expanded its taxi services to Laos, Indonesia, the Philippines, and more. Its capital increased from VND 3 trillion at inception to VND 18 trillion by December 2024, and it now owns 1.3% of Vingroup.
At Hung Long, Pham Nhat Vuong contributed 90% of the charter capital (VND 16.2 trillion in VIC shares), while Pham Thu Huong and VinHomes each contributed 5%. Hung Long now holds 6.3% of Vingroup.
165.6 million VIC shares contributed to VinEnergo and 136 million VIC shares to VinSpeed
In March and May 2023, Pham Nhat Vuong established VinEnergo and VinSpeed. VinEnergo focuses on electricity production and equipment, partnering with Vingroup on the Hai Phong LNG Thermal Power Plant project.
On October 9, Vuong transferred ownership of over 60 million VIC shares to VinEnergo. Previously, he contributed 35 million VIC shares and later transferred 70.6 million shares to the company.
VinSpeed is investing in the North-South high-speed railway project, valued at approximately VND 1.6 quadrillion. Vuong transferred nearly 88 million VIC shares to VinSpeed, bringing its total VIC holdings to 135.6 million shares (3.5% of Vingroup). Vietnam Investment Group owns 35% of VinSpeed, and Vuong’s sons and Vingroup hold 0.5% each.
VinRobotics and VinMotion are twin companies with VND 1 trillion in capital each. Vingroup owns 51%, Vuong 39%, and his sons 5% each. Both focus on industrial and smart robotics production.
Green Future, a vehicle rental service provider within Vingroup’s ecosystem, is led by Pham Nhat Minh Hoang. Established in July 2024 with VND 200 billion in capital, it increased to VND 2 trillion by February 2025. Vuong holds 90% of its shares.
VinVentures, a tech investment fund backed by Vuong and Vingroup, was launched on October 28, 2023. Led by Le Han Tuyet Lam, it has VND 125 billion in capital. Vuong owns 85%, Vingroup 10%, and his son 5%.
In September 2023, Vingroup established VinDynamics, a humanoid robotics company with VND 500 billion in capital. Vingroup owns 51%.
On October 6, 2023, Vingroup launched VinMetal, entering the metallurgy industry with a VND 10 trillion investment. Vingroup holds 98% of its capital.
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