What was Vingroup's first major development project in Vietnam?

Vingroup's first major project was the transformation of Hon Tre Island in Nha Trang into a luxury resort and entertainment complex.

How is VinFast performing in Vietnam's electric vehicle market?

VinFast is the leading electric vehicle brand in Vietnam, selling over 100,000 units by the third quarter of 2025 and dominating various EV segments.

What new directions is Vingroup pursuing beyond its core businesses?

Vingroup is expanding into culture, industrial sectors like metallurgy and high-speed rail, and pioneering ESG++ urban development projects.

Home / Business and Economy / Vingroup: From Island Dreams to EV Global Dominance

Vingroup: From Island Dreams to EV Global Dominance

11 Dec

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Summary

Vingroup transformed Hon Tre Island from barren land into a luxury resort.
VinFast leads Vietnam's EV market, selling over 100,000 vehicles in 2025.
Vingroup expands into industrial sectors and ESG++ urban development.

Vingroup: From Island Dreams to EV Global Dominance

Vingroup's journey began with an audacious transformation of Vietnam's Hon Tre Island, turning a challenging landscape into a luxury resort and groundbreaking infrastructure, setting a precedent for ambitious development. This pioneering spirit now defines its global ventures, most notably VinFast. The electric vehicle arm has reshaped Vietnam's mobility sector, achieving over 100,000 sales in 2025 and expanding internationally with a strong focus on markets like India.

Beyond mobility, Vingroup is deepening its industrial footprint with initiatives like VinMetal and VinSpeed, aiming to bolster Vietnam's manufacturing and transportation capabilities. Simultaneously, a new focus on culture seeks to nurture creative talent and promote Vietnamese heritage globally. These expansions reflect a strategy to build strategic industrial depth and cultural influence.