According to the proposal from the Board of Directors of Vingroup (stock code VIC), the company is seeking shareholder approval to diversify its business sectors.
Specifically, Vingroup aims to expand into the following industries: (1) Iron, Steel, and Cast Iron Production – Details: Iron and steel manufacturing; (2) Iron and Steel Casting; (3) Metal Forging, Stamping, Pressing, and Rolling; Metal Powder Metallurgy; (4) Mechanical Engineering; Metal Treatment and Coating; (5) Other Metal Product Manufacturing – Details: Production of other iron and steel products.
Additionally, the conglomerate plans to venture into (6) Healthcare Services for Veterans, the Elderly, and Disabled Individuals Unable to Self-Care – Details: Healthcare for the elderly and those unable to self-care; (7) Other Specialized Care Activities; (8) Activities of Nursing and Convalescent Homes.
Vingroup will authorize the Chairman of the Board to adjust and supplement detailed industry codes as required by competent authorities (if any arise), based on the business sectors approved by the General Meeting of Shareholders. The CEO and Legal Representative will handle the necessary procedures to register these business sector changes.
In early October 2025, Vingroup announced the establishment of VinMetal Joint Stock Company, marking its official entry into the metallurgical industry and expanding its existing Industrial-Technology pillar. The company aims to meet the internal demands of the Vingroup ecosystem while fostering the development of heavy industry in Vietnam.
With an investment capital of 10,000 billion VND, VinMetal targets the construction of a high-tech industrial steel complex in Vung Ang, Ha Tinh, with an initial capacity of 5 million tons per year.
VinMetal will focus on producing civil steel for construction, hot-rolled steel, high-strength steel, and specialty alloy steel for electric vehicle manufacturing and high-speed infrastructure. Key products include high-quality sheet steel and stamped vehicle body parts, railway steel, and structural steel for bridges, ports, and railways, meeting international standards. The goal is to replace imports and gradually export to the region.
Shortly after, Vingroup launched Vin New Horizon, Vietnam’s first internationally-standardized premium retirement and senior living urban service chain. This marks a new strategic pillar within the Vingroup ecosystem, catering to the elderly.
Vin New Horizon is built on six core principles: Health – Enjoyment – Happiness – Connection – Longevity – Serenity. These principles are integrated into each 20-50 hectare urban complex, providing essential needs such as housing, leisure, healthcare, education, and entertainment, while inspiring seniors to cherish every moment of their lives.
In the upcoming shareholder meeting, another key agenda item is the issuance of 3.85 billion bonus shares (1:1 ratio) to increase capital. This will be the largest bonus share issuance in the history of Vietnam’s stock market.
If successful, Vingroup’s chartered capital will double to over 77,000 billion VND, surpassing Hoa Phat to become the non-financial enterprise with the largest chartered capital on the stock exchange.
Latest Developments in Vingroup’s Projects in Billionaire Pham Nhat Vuong’s Hometown
The Hà Tĩnh Provincial People’s Committee leadership has mandated that local departments prioritize land clearance efforts, ensuring timely handover of cleared sites as per the committed schedule to investors.
Vingroup’s African Venture: Strategic Move or Risky Gamble?
Vingroup’s expansion into Africa, specificallyVingroup’s expansion into Africa, specifically the Democratic Republic of the Congo, has captured significant attention.
Latest Ruling in Vingroup’s Defamation Lawsuit Against Lê Trung Khoa
A German court has issued a ruling against Lê Trung Khoa, imposing a ban and a hefty fine of €250,000 for each instance of defamation against Vingroup/VinFast, alleging bribery. Repeat offenses may result in a prison sentence ranging from 6 months to 2 years.
Uniting for Central Vietnam: Vingroup, Petrovietnam, and Businesses Pledge 400 Billion VND at Autumn Fair 2025 in Response to Prime Minister’s Appeal
The closing ceremony of the 2025 Autumn Fair on the evening of November 3rd witnessed a remarkable achievement, with nearly 400 billion VND raised in donations to support fellow citizens affected by storms and floods in the Central region and the Northern mountainous areas.
German Court: Lê Trung Khoa Faces 6 Months to 2 Years Imprisonment for Repeated Defamation Allegations Against Vingroup
Lê Trung Khoa has been banned and will face a fine of €250,000 for each violation or imprisonment ranging from 6 months to 2 years if he repeats the act of slandering “Vingroup/VinFast for bribery.”
