Page 86 - HỘI THẢO KHOA HOC 18.5.2022

Technology – Industry – Services group in the region”. They expect to deliver the prominent
values that being unceasingly innovative and sustainable ecosystems of quality products and
services in the future, to advance the lives of the Vietnamese people, and enlighten the entity of
Vietnamese brands worldwide. Furthermore, Vingroup extensively highlights their six core values
in the culture of professionalism and truth as “Credibility – Integrity – Creativity – Speed – Quality

– Humanity”. The focus on speed, efficiency and devotion to company policies is inspired in all
employee spirit and behavior thoroughly, and the contribution of collective team ensures
company’s success and development in all sectors.

The group management model

1
Vingroup is thoughtfully compared as “a South Korean chaebol , a catch-all conglomerate and
standard-bearer of industry, such as Hyundai or Samsung, that not only dominates its home market
but also exports products to the wider world” – said Johd Reed – FT’s South East Asia
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correspondent for his visit Vietnam in FT Magazine . In his evaluation, Reed mentioned the
phenomenon of Vingroup’s leaders expects to transfer to their customers as “a Vietnamese man
or woman of a certain class might live in a Vinhome, send their children to a Vinschool (and, from
2020, a VinUni), holiday at a Vinpearl resort and charge their VinFast electric scooter at a
VinMart”. They describe their business in the viewpoints of a “cradle-to-grave” supplier of goods

and services to a country in gradual movement in the world. One of the few entirely non-state
corporations in Vietnam, Vingroup is about 30% owned by its largest shareholder and founder
Pham Nhat Vuong (see Table 1). Foreign investors have a combined interest of about 15%. Market
capitalization, at approximately $3 billion, is the largest among non-state-run companies and ranks
among Vietnam's top five concerns when including state-owned entities. In 2013, Vingroup raised
some $200 million from U.S. investment fund Warburg Pincus to invest in four areas --
commercial facilities, tourism, hospitals and schools. The revenue dramatically increased in 2018
and 2019 and slightly reduced during 2020 and now due to current challenges and crisis and health-
related pandemic in the world generally and Vietnam specifically (see Table 2). By 2020,
Vingroup delivered their message as “Shaping the technology-driven future” underlying the
prerequisites of science and technology in their breakthrough management and business activities.
Vingroup’s presences and resources are willing to connect, engage and cooperate their knowledge
bases in knowledge sharing of best technologies worldwide in order to bring the outstanding in

R&D and optimize solutions in their future products and services for superior quality and better
values for life.
About CEO, Mr. Pham Nhat Vuong is currently the Chairman of the Board of Directors of
Vingroup. He was born on August 5, 1968, in Hanoi, Vietnam. Continuously, Mr. Vuong studied
in Russia and started his first business of a popular instant noodle in the Ukraine in the 1990s

1 South Korean chaebol: For etymology, “chaebol” is a kind of Korean word which derived from
the McCune–Reischauer Romanization. It is divided into two parts as재벌, from jae "wealth or
property" + beol "faction or clan", and finally described as a large industrial conglomerate that is
controlled and operated by a person or family in South Korea. With the strong supports in their
government, the important role of “chaebol” in South Korea has significantly appreciated in their
economy since 1960s, especially in heavy industry and high technology

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