Who is Behind VinFast, and Why?

[VF Staff 01]

Vingroup, the largest conglomerate in Vietnam and recognized as one of the most dynamic, successful, and well-capitalized companies in the country, aims to light up the global automotive market with the introduction of the all-electric premium SUVs, the VF 8 and the VF 9, through its subsidiary VinFast.

First founded in 1993 in Ukraine by Phạm Nhật Vượng as Technocom, the company moved operations to Vietnam during the early 2000s with two key brands: Vincom (retail) and Vinpearl (resort hospitality). The two later merged in 2012 to form the Vingroup Joint Stock Company. Now, Vingroup leads consumer trends in multiple industries such as technology (VinID), real estate (Vinhomes), healthcare (VinFa), and transportation (VinBus, VinFast).

Vingroup operates under six core values:

Credibility – Utmost importance by fully preparing its plans, going above and beyond expectations

Integrity — Operate under a customer-centric approach and prioritizes the consumer’s best interests

Creativity – Apply modern technologies to production and management, be not afraid to constantly learn and overcome limits

Speed – Moving quick to achieve results while still upholding the commitment to quality

Quality – Gather the best people to deliver the best products and services to build the best society

Humanity — Foster a close relationship with all stakeholders of Vingroup: the employees, the business partners, and the consumers

As the nation’s leading private enterprise, Vingroup has built a respected and trusted brand that puts itself into a solid position for international integration and has already launched VinFast global showrooms in the US, Canada, and Europe in 2022.

By bringing together stunning design, advanced technology, and cutting-edge manufacturing to VinFast, Vingroup aims to lead the EV revolution and pave the way for a sustainable future for everyone.

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