General Motors (GM) and VinFast, a subsidiary of leading Vietnamese corporation, Vingroup has just announced a landmark strategic partnership agreement, which will drive long-term growth and expansion for GM’s Chevrolet brand and VinFast in Vietnam.
The wealthiest man in Vietnam shares the management strategy of Vietnam’s largest multidisciplinary private corporation.
Refrigeration Electrical Engineering Corporation (REE) and Ecology Developmentand Investment JSC, a subsidiary of Vingroup, have been named as qualified investors that will participate in the auction of a 51 per cent stake in Vinaconex Water Supply JSC (Viwasupco), which is owned by Vietnam Construction and Import - Export Corporation (Vinaconex).
In addition big companies such as Vingroup and Bitexco, a new generation of real estate investors has emerged and overshadowed popular names such as Vinaconex (Vietnam Construction and Im-export JSC), HUD (Housing and Urban Development Corporation) or Sudico (Song Da Urban & Industrial zone Investment and Development Joint Stock Company).
While automobile assembly enterprises in Vietnam have stopped manufacturing and imported automobiles instead, Vingroup, the leading real estate developer in Vietnam, and Truong Hai Auto Corporation (THACO), one of the leading car manufacturers in Vietnam, show the opposite trend.
