According to Companies Market Cap, Vingroup currently ranks fourth in Southeast Asia, behind DBS Bank of Singapore, Delta Electronics of Thailand, and OCBC of Singapore. This is the first time a Vietnamese company has reached the upper tier in this index.
In the Asian market, Vingroup’s valuation exceeds that of South Korea’s Kia, KB Financial Group, and Shinhan Financial Group, as well as Japan’s Nintendo, Panasonic, Sumitomo and Daikin.
Vingroup is a diversified conglomerate with operations spanning electric vehicle manufacturing, technology, real estate, infrastructure, energy, and steel. The company was founded in 1993 by billionaire Pham Nhat Vuong.
In addition to its core business, the group’s ecosystem includes four listed subsidiaries: VinFast, Vinpearl, Vinhomes, and Vincom Retail. Vingroup is preparing an initial public offering of Green SM, which operates primarily in the taxi and ride-hailing technology sectors.
