Vingroup Company
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Vingroup Company - overview
Established
1993
Location
Hanoi, -, Vietnam
Primary Industry
Commercial Property
About
Vingroup Company, founded in 1993 and headquartered in Hanoi, Vietnam. The company was founded by Phạm Nhật Vượng. Vingroup Comapny focuses on various industries including technology and real estate. The company has undergone strategic pivots to diversify its operations and has been actively investing in its automotive subsidiary, VinFast.
Diu Nguyen leads the company as its CEO, with a history of establishing significant business ventures. Vingroup, a diversified conglomerate, offers a wide range of products and services across various sectors, demonstrating its commitment to delivering international standard solutions and modern lifestyle experiences. The company's core offerings encompass technology, industrial products, commerce, and services, as well as cultural and social initiatives. Notably, Vingroup's flagship products include automotive solutions from VinFast, which focuses on electric vehicles tailored for both domestic and international markets, particularly in North America and Europe.
Additionally, Vingroup operates in real estate through Vincom and Vinpearl, providing hospitality and retail services aimed at enhancing the quality of living in urban areas. The end users of these products and services range from individual consumers seeking modern housing and transportation solutions to businesses and tourists engaging with Vingroup’s retail and entertainment offerings. Vingroup reported a revenue of USD 7,529. 70 mn for the year 2024, with an EBITDA of USD 2,233.
50 mn. The company's revenue model is structured around a combination of direct-to-consumer sales, business-to-business partnerships, and various commercial enterprises across its sectors. The company's transactions manifest in multiple formats, including retail sales of electric vehicles and real estate leasing or sales, catering primarily to both individual consumers and corporate clients. For example, VinFast's electric vehicles are sold directly to consumers, while its partnerships with financial institutions facilitate leasing options, enhancing accessibility for potential buyers.
Additionally, Vingroup’s commercial activities extend to cultural initiatives, where revenue is generated through ticket sales and event sponsorships. Each sector contributes uniquely to the company's overall financial ecosystem, reflecting a comprehensive approach to generating revenue across diverse marketplaces. Vingroup's strategy for future growth includes the launch of new electric vehicle models from VinFast, with specific product details and release dates yet to be announced. The company aims to expand its presence in North America and Europe by 2024, capitalizing on the growing demand for electric vehicles in these markets.
Current Investors
SK, Korea Investment Private Equity, IMM Investment
Primary Industry
Commercial Property
Sub Industries
Construction, Commercial Property
Website
www.vingroup.net/
Verticals
Infrastructure
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Vingroup Company - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,313,739,781,730 | 7,904,472,849,072 | 18,377,638,845,706 | 27,723,633,371,036 | 34,047,966,313,102 | 57,614,343,665,894 | 89,350,048,597,913 | 121,894,400,421,104 | 130,036,014,000,000 | 110,490,033,000,000 | 125,687,870,000,000 | - | - | - |
| % Revenue Growth (YoY) | - | 241.6% | 132.5% | 50.9% | 22.8% | 69.2% | 55.1% | 36.4% | 6.7% | (15.0%) | 13.8% | - | - | - |
| EBITDA (USD) | 662,517,630,476 | 3,100,674,163,416 | 5,703,819,768,727 | 9,111,629,277,685 | 7,083,192,768,058 | 8,606,435,706,330 | 15,580,652,081,429 | 16,173,574,314,455 | 18,274,568,000,000 | 6,454,389,000,000 | 17,998,298,000,000 | - | - | - |
| Operating Income (USD) | 463,200,516,214 | 2,626,717,404,763 | 5,114,159,996,463 | 7,528,672,491,481 | 4,867,661,675,260 | 5,250,628,491,571 | 11,595,218,813,890 | 11,018,302,967,366 | 9,936,888,000,000 | (3,609,146,000,000) | 3,078,670,000,000 | - | - | - |
| Operating Margin | 20.0% | 33.2% | 27.8% | 27.2% | 14.3% | 9.1% | 13.0% | 9.0% | 7.6% | (3.3%) | 2.4% | - | - | - |
| % EBITDA Margin | 28.6% | 39.2% | 31.0% | 32.9% | 20.8% | 14.9% | 17.4% | 13.3% | 14.1% | 5.8% | 14.3% | - | - | - |
| NET Income (USD) | 1,073,560,198,764 | 1,846,667,924,525 | 7,149,288,120,557 | 3,776,045,741,483 | 1,501,475,443,451 | 3,513,067,892,506 | 5,654,941,791,226 | 6,190,881,470,603 | 7,716,613,000,000 | 4,545,573,000,000 | (7,558,164,000,000) | - | - | - |
| % Net Margin | 46.4% | 23.4% | 38.9% | 13.6% | 4.4% | 6.1% | 6.3% | 5.1% | 5.9% | 4.1% | (6.0%) | - | - | - |
Vingroup Company - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Placement/Follow on | Completed | Vingroup Company | - | ||||||||
| Series A | Completed | AM Batteries | - | ||||||||
| Series C | Completed | Autobrain Technologies Ltd | - | ||||||||
| Series D | Completed | StoreDot Ltd. | - | ||||||||
| Series B | Completed | Karamba Security Ltd. | - |
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