Vingroup

Vingroup Joint Stock Company, is the largest conglomerate of Vietnam, focusing on technology, industry, real estate development, retail and services ranging from healthcare to hospitality. The company was founded by property developer and entrepreneur Phạm Nhật Vượng in Ukraine in 1993 as Technocom and was originally producing food products. History Vingroup was founded in Ukraine on August 8, 1993 as Technocom, originally producing dried foods, such as instant noodles, mainly under the Mivina brand by Phạm Nhật Vượng. Timeline: In 2000, the company began operations in Vietnam. In 2006, Vinpearl Land, the first amusement park was opened in Nha Trang. In 2007, Vingroup was listed on the Ho Chi Minh City Stock Exchange. In 2010, Vingroup sold its Ukraine operation to Nestlé for $150 million USD. In October 2014, Vingroup bought the supermarket chain OceanMart in a move to gain market share in the retail industry, and renamed it VinMart. In September 2015, Vingroup launched a major animal conservation program on Phú Quốc, Vietnam's largest island. In October 2015, Vingroup bought the Vietnamese supermarket chain Maximark. In 2016, Vingroup began operating their Vinmec healthcare and Vinschool education subsidiaries as non-profits. In September 2017, Vingroup started construction of a car factory for the VinFast subsidiary.