Latest news with #Vinhomes
Arabian Post
4 days ago
- Business
- Arabian Post
Vingroup and Gulf States Pursue Sustainability-Led Growth as Legacy Powerhouses Reinvent
Vietnam's Vingroup and Gulf states are both rewriting their growth playbooks through state-led sustainability drives, forging a parallel transformation from legacy empires into green innovation hubs. HANOI, VIETNAM – Media OutReach Newswire – 6 June 2025 – Vietnam's Vingroup and Gulf nations share parallel journeys of strategic reinvention, as the old playbooks that delivered decades of growth are showing their limits. While Gulf countries built wealth on fossil fuel, Vingroup created enormous value through real estate and hospitality. Both are now shifting beyond their legacy sectors: Vingroup focuses on digital innovation and sustainability, and the Gulf nations seeks to diversify beyond hydrocarbons. Vinhomes Ocean Park 1 urban area, part of the Vingroup ecosystem For them, strategic reinvention becomes the logical response. Not disruption for disruption's sake, but calculated transformation grounded in self-preservation and innovation. Their experiences offer valuable lessons on how legacy powerhouses can adapt to structural transformation. ADVERTISEMENT A new growth engine that's not oil The UAE and Qatar demonstrate how national strategy can drive transformation. The UAE's Net Zero by 2050 initiative links energy policy with investment decisions and foreign relations. Qatar's National Vision 2030 embeds environmental stewardship into economic planning. More than just being aspirational, these documents translate into concrete investments. For example, the UAE committed over $54 billion to clean energy infrastructure, while Qatar doubled its solar capacity to 1.675 GW by 2025[1], cutting CO₂ emissions significantly. Sovereign wealth funds play crucial roles. Mubadala and QIA direct capital into clean technology as diversification hedges, treating green investments as strategic portfolio moves that reduce long-term risk while capturing growth opportunities. A Southeast Asian reinvention Turning to Southeast Asia, the story Vingroup mirrors many of the same themes of strategic reinvention seen in the Gulf. Originally a property development powerhouse, the conglomerate diversified into other fields such as electric vehicle production, smart technology, and green manufacturing. VinFast, its automotive arm, delivered over 97,000 electric cars in 2024 and targets 200,000 deliveries in 2025. In the context of Vietnam aiming to become a high-income country in its 'era of national rise', Vingroup functions as a national champion, building the country's first global EV brand while creating jobs and technological capabilities. The company's manufacturing complex in Hai Phong utilizes green practices and scales to serve both domestic and export markets. The broader ecosystem reflects systematic thinking. VinBus provides electric public transport in major cities. Smart homes in Vinhomes developments showcase energy efficiency. AI and IoT technologies optimize resource use across business lines. Each initiative reinforces the others. When green visions align Shared motivations drive collaboration. Both regions face climate urgency, pursue economic resilience, and seek global relevance. Complementary strengths make partnership logical. For example, the UAE's Masdar built Indonesia's largest floating solar plant[2]. Vingroup's EV arm, VinFast, opened regional showrooms and has signed several MOUs with regional reputable companies. Vietnam and the UAE signed their first trade pact, focusing on technology exchange. These ties leverage unique strengths: the Gulf states brings capital, energy expertise, and execution; Southeast Asia offers manufacturing, markets, and innovation capacity. In their collaboration, the Gulf states and Vingroup prove legacy players can align vision and capital for systemic change. Sustainability, when policy-led, becomes a growth pathway. Strategic reinvention turns challenges into advantages. Hashtag: #Vingroup The issuer is solely responsible for the content of this announcement.
The Sun
4 days ago
- Automotive
- The Sun
Vingroup and Gulf States Pursue Sustainability-Led Growth as Legacy Powerhouses Reinvent
HANOI, VIETNAM - Media OutReach Newswire - 6 June 2025 - Vietnam's Vingroup and Gulf nations share parallel journeys of strategic reinvention, as the old playbooks that delivered decades of growth are showing their limits. While Gulf countries built wealth on fossil fuel, Vingroup created enormous value through real estate and hospitality. Both are now shifting beyond their legacy sectors: Vingroup focuses on digital innovation and sustainability, and the Gulf nations seeks to diversify beyond hydrocarbons. For them, strategic reinvention becomes the logical response. Not disruption for disruption's sake, but calculated transformation grounded in self-preservation and innovation. Their experiences offer valuable lessons on how legacy powerhouses can adapt to structural transformation. A new growth engine that's not oil The UAE and Qatar demonstrate how national strategy can drive transformation. The UAE's Net Zero by 2050 initiative links energy policy with investment decisions and foreign relations. Qatar's National Vision 2030 embeds environmental stewardship into economic planning. More than just being aspirational, these documents translate into concrete investments. For example, the UAE committed over $54 billion to clean energy infrastructure, while Qatar doubled its solar capacity to 1.675 GW by 2025[1], cutting CO₂ emissions significantly. Sovereign wealth funds play crucial roles. Mubadala and QIA direct capital into clean technology as diversification hedges, treating green investments as strategic portfolio moves that reduce long-term risk while capturing growth opportunities. A Southeast Asian reinvention Turning to Southeast Asia, the story Vingroup mirrors many of the same themes of strategic reinvention seen in the Gulf. Originally a property development powerhouse, the conglomerate diversified into other fields such as electric vehicle production, smart technology, and green manufacturing. VinFast, its automotive arm, delivered over 97,000 electric cars in 2024 and targets 200,000 deliveries in 2025. In the context of Vietnam aiming to become a high-income country in its 'era of national rise', Vingroup functions as a national champion, building the country's first global EV brand while creating jobs and technological capabilities. The company's manufacturing complex in Hai Phong utilizes green practices and scales to serve both domestic and export markets. The broader ecosystem reflects systematic thinking. VinBus provides electric public transport in major cities. Smart homes in Vinhomes developments showcase energy efficiency. AI and IoT technologies optimize resource use across business lines. Each initiative reinforces the others. When green visions align Shared motivations drive collaboration. Both regions face climate urgency, pursue economic resilience, and seek global relevance. Complementary strengths make partnership logical. For example, the UAE's Masdar built Indonesia's largest floating solar plant[2]. Vingroup's EV arm, VinFast, opened regional showrooms and has signed several MOUs with regional reputable companies. Vietnam and the UAE signed their first trade pact, focusing on technology exchange. These ties leverage unique strengths: the Gulf states brings capital, energy expertise, and execution; Southeast Asia offers manufacturing, markets, and innovation capacity. In their collaboration, the Gulf states and Vingroup prove legacy players can align vision and capital for systemic change. Sustainability, when policy-led, becomes a growth pathway. Strategic reinvention turns challenges into advantages.
The Sun
21-05-2025
- Business
- The Sun
Vinhomes strategically partners with VTK to build a model Korean community in ocean city
HUNG YEN, VIETNAM - Media OutReach Newswire - 21 May 2025 - Vinhomes Joint Stock Company and VTK Hung Yen Industrial Park Investment and Development Co., Ltd. (VTK) have signed a comprehensive cooperation agreement. This marks a significant step in the development of a Korean community within Ocean City. The partnership aims to enhance the quality of life and working environment for Korean experts, executives, and their families employed at VTK. The signing ceremony took place within the framework of the 'Meet Korea 2025' event held in Hung Yen. The event was attended by Deputy Prime Minister, Foreign Minister Bui Thanh Son, Secretary of the Hung Yen Provincial Party Committee Nguyen Huu Nghia, and Korean Ambassador to Vietnam Choi Youngsam. Also present were leaders from the Ministry of Foreign Affairs, Hung Yen Provincial People's Committee, various departments and agencies, representatives from Korean trade promotion organizations and business associations, and hundreds of delegates from Vietnamese and Korean enterprises currently investing and operating in Vietnam. Under the agreement, Vinhomes will develop and offer rental housing and office solutions for VTK and its experts and leaders. Both parties will also collaborate closely to create an eco-urban model seamlessly connected to the industrial park. This initiative aims to build a high-quality living and working environment, fostering a sustainably developing community within the model urban area of Ocean City. Furthermore, Vinhomes will coordinate with its subsidiaries and companies within the Vingroup ecosystem to provide comprehensive services for the Korean and Vietnamese expert communities working at the Hung Yen Clean Industrial Park. This industrial park, developed by VTK, is located in Hong Tien commune, Khoai Chau district, and Xuan Truc commune, An Thi district, covering an area of over 140 hectares. Specifically, StaynFun will provide dormitory solutions and living amenities such as swimming pools, parks, and community areas for VTK's leadership. Vinpearl will offer industrial catering services, snack options, and event venues, alongside special preferential programs for golf courses and driving ranges for Korean businesses. Vincom Retail will showcase the diverse amenities at Ocean City, including its shopping centers, commercial streets, and vibrant cultural and entertainment activities. For partner delegations from Korea, VinWonders will organize various group tour and entertainment programs, fostering both cultural exchange and internal cohesion. Vinmec will provide on-site medical services, including examinations and emergency support directly within the industrial park. They will also connect with the Vinmec Ocean Park facility for periodic health check-ups and vaccinations. Vinschool and VinUni educational systems will partner with VTK to develop educational and training solutions for the children of employees working at the industrial park, laying a solid foundation for long-term investment strategies. VinFast will implement preferential policies for personal and company electric vehicles, and collaborate with Green Future to offer rental and pre-owned electric vehicle services. VinFast charging stations will also be quickly established within the Hung Yen Clean Industrial Park, ensuring a convenient experience for vehicle users. Notably, VinBus will operate internal bus routes and connecting routes from the Hung Yen Clean Industrial Park to Ocean City, enhancing flexibility and environmental friendliness for daily commuting. Mr. Han Jong Doek, General Director of VTK Hung Yen Industrial Park Investment and Development Co., Ltd., shared: 'The Korean community in Vietnam is growing, but finding a suitable living space - a place where they can settle long-term and build a sustainable community - remains challenging. Ocean City, with its strategic vision and synchronized infrastructure, offers a comprehensive solution to this need.' Thanks to its meticulous planning and all-in-one amenity system, Ocean City is being dubbed the 'New Korean Hub' in Vietnam. It notably features K-Town, a district with hundreds of shops, brands, and services strongly reflecting Korean culture. Many other Korean-standard amenities are already present or soon to arrive, including the Korean Global School, a Korean Medical Center, and the Aquafield Korean-standard relaxation center within Vincom Mega Mall Ocean City. These are crucial components that will meet all the entertainment, health, and education needs of the Korean community living and working in the area. Vinhomes' comprehensive cooperation with VTK demonstrates the Company's strong commitment to fostering sustainable development, green transformation, and elevating living standards for the Korean expert and labor community. Ocean City is also receiving significant investment to become a leading model mixed-use urban area, truly deserving its reputation as the best place to live for the international community in Vietnam.
Malay Mail
21-05-2025
- Business
- Malay Mail
Vinhomes strategically partners with VTK to build a model Korean community in ocean city
HUNG YEN, VIETNAM - Media OutReach Newswire - 21 May 2025 - Vinhomes Joint Stock Company and VTK Hung Yen Industrial Park Investment and Development Co., Ltd. (VTK) have signed a comprehensive cooperation agreement. This marks a significant step in the development of a Korean community within Ocean City. The partnership aims to enhance the quality of life and working environment for Korean experts, executives, and their families employed at signing ceremony took place within the framework of the "Meet Korea 2025" event held in Hung Yen. The event was attended by Deputy Prime Minister, Foreign Minister Bui Thanh Son, Secretary of the Hung Yen Provincial Party Committee Nguyen Huu Nghia, and Korean Ambassador to Vietnam Choi present were leaders from the Ministry of Foreign Affairs, Hung Yen Provincial People's Committee, various departments and agencies, representatives from Korean trade promotion organizations and business associations, and hundreds of delegates from Vietnamese and Korean enterprises currently investing and operating in the agreement, Vinhomes will develop and offer rental housing and office solutions for VTK and its experts and leaders. Both parties will also collaborate closely to create an eco-urban model seamlessly connected to the industrial park. This initiative aims to build a high-quality living and working environment, fostering a sustainably developing community within the model urban area of Ocean Vinhomes will coordinate with its subsidiaries and companies within the Vingroup ecosystem to provide comprehensive services for the Korean and Vietnamese expert communities working at the Hung Yen Clean Industrial Park. This industrial park, developed by VTK, is located in Hong Tien commune, Khoai Chau district, and Xuan Truc commune, An Thi district, covering an area of over 140 StaynFun will provide dormitory solutions and living amenities such as swimming pools, parks, and community areas for VTK's leadership. Vinpearl will offer industrial catering services, snack options, and event venues, alongside special preferential programs for golf courses and driving ranges for Korean Retail will showcase the diverse amenities at Ocean City, including its shopping centers, commercial streets, and vibrant cultural and entertainment activities. For partner delegations from Korea, VinWonders will organize various group tour and entertainment programs, fostering both cultural exchange and internal will provide on-site medical services, including examinations and emergency support directly within the industrial park. They will also connect with the Vinmec Ocean Park facility for periodic health check-ups and vaccinations. Vinschool and VinUni educational systems will partner with VTK to develop educational and training solutions for the children of employees working at the industrial park, laying a solid foundation for long-term investment will implement preferential policies for personal and company electric vehicles, and collaborate with Green Future to offer rental and pre-owned electric vehicle services. VinFast charging stations will also be quickly established within the Hung Yen Clean Industrial Park, ensuring a convenient experience for vehicle users. Notably, VinBus will operate internal bus routes and connecting routes from the Hung Yen Clean Industrial Park to Ocean City, enhancing flexibility and environmental friendliness for daily to its meticulous planning and all-in-one amenity system, Ocean City is being dubbed the "New Korean Hub" in Vietnam. It notably features K-Town, a district with hundreds of shops, brands, and services strongly reflecting Korean culture. Many other Korean-standard amenities are already present or soon to arrive, including the Korean Global School, a Korean Medical Center, and the Aquafield Korean-standard relaxation center within Vincom Mega Mall Ocean City. These are crucial components that will meet all the entertainment, health, and education needs of the Korean community living and working in the comprehensive cooperation with VTK demonstrates the Company's strong commitment to fostering sustainable development, green transformation, and elevating living standards for the Korean expert and labor community. Ocean City is also receiving significant investment to become a leading model mixed-use urban area, truly deserving its reputation as the best place to live for the international community in #Vinhomes The issuer is solely responsible for the content of this announcement. About Vinhomes Vinhomes is Vietnam's leading real estate investment, business, and management company. Renowned for its scale, rapid development, and top-tier service quality, Vinhomes provides an ideal urban living experience with professionally planned residential areas, synchronized utility services, and a green, clean environment, helping to shape a new lifestyle for Vietnamese people. Currently, Vinhomes has developed and managed 30 urban areas nationwide, primarily in Hanoi, Ho Chi Minh City, Hung Yen, Hai Phong, and continues to expand into other localities. About VTK Hung Yen Industrial Park Investment and Development Co., Ltd. VTK (Vietnam Korea Together) is the investor of the VTK Clean Industrial Park in Hung Yen. This industrial park is the first Korean-style industrial complex within the Hung Yen Provincial Clean Industrial Cluster, managed by the Korea Land and Housing Corporation (LH), a state-owned entity under Korea's Ministry of Land, Infrastructure, and Transport. Businesses leasing space in this complex are primarily Korean companies based in Korea or those with Korean shareholders.
Zawya
21-05-2025
- Business
- Zawya
Vinhomes strategically partners with VTK to build a model Korean community in ocean city
HUNG YEN, VIETNAM - Media OutReach Newswire - 21 May 2025 - Vinhomes Joint Stock Company and VTK Hung Yen Industrial Park Investment and Development Co., Ltd. (VTK) have signed a comprehensive cooperation agreement. This marks a significant step in the development of a Korean community within Ocean City. The partnership aims to enhance the quality of life and working environment for Korean experts, executives, and their families employed at VTK. The signing ceremony took place within the framework of the "Meet Korea 2025" event held in Hung Yen. The event was attended by Deputy Prime Minister, Foreign Minister Bui Thanh Son, Secretary of the Hung Yen Provincial Party Committee Nguyen Huu Nghia, and Korean Ambassador to Vietnam Choi Youngsam. Also present were leaders from the Ministry of Foreign Affairs, Hung Yen Provincial People's Committee, various departments and agencies, representatives from Korean trade promotion organizations and business associations, and hundreds of delegates from Vietnamese and Korean enterprises currently investing and operating in Vietnam. Under the agreement, Vinhomes will develop and offer rental housing and office solutions for VTK and its experts and leaders. Both parties will also collaborate closely to create an eco-urban model seamlessly connected to the industrial park. This initiative aims to build a high-quality living and working environment, fostering a sustainably developing community within the model urban area of Ocean City. Furthermore, Vinhomes will coordinate with its subsidiaries and companies within the Vingroup ecosystem to provide comprehensive services for the Korean and Vietnamese expert communities working at the Hung Yen Clean Industrial Park. This industrial park, developed by VTK, is located in Hong Tien commune, Khoai Chau district, and Xuan Truc commune, An Thi district, covering an area of over 140 hectares. Specifically, StaynFun will provide dormitory solutions and living amenities such as swimming pools, parks, and community areas for VTK's leadership. Vinpearl will offer industrial catering services, snack options, and event venues, alongside special preferential programs for golf courses and driving ranges for Korean businesses. Vincom Retail will showcase the diverse amenities at Ocean City, including its shopping centers, commercial streets, and vibrant cultural and entertainment activities. For partner delegations from Korea, VinWonders will organize various group tour and entertainment programs, fostering both cultural exchange and internal cohesion. Vinmec will provide on-site medical services, including examinations and emergency support directly within the industrial park. They will also connect with the Vinmec Ocean Park facility for periodic health check-ups and vaccinations. Vinschool and VinUni educational systems will partner with VTK to develop educational and training solutions for the children of employees working at the industrial park, laying a solid foundation for long-term investment strategies. VinFast will implement preferential policies for personal and company electric vehicles, and collaborate with Green Future to offer rental and pre-owned electric vehicle services. VinFast charging stations will also be quickly established within the Hung Yen Clean Industrial Park, ensuring a convenient experience for vehicle users. Notably, VinBus will operate internal bus routes and connecting routes from the Hung Yen Clean Industrial Park to Ocean City, enhancing flexibility and environmental friendliness for daily commuting. Mr. Han Jong Doek, General Director of VTK Hung Yen Industrial Park Investment and Development Co., Ltd., shared:"The Korean community in Vietnam is growing, but finding a suitable living space - a place where they can settle long-term and build a sustainable community - remains challenging. Ocean City, with its strategic vision and synchronized infrastructure, offers a comprehensive solution to this need." Thanks to its meticulous planning and all-in-one amenity system, Ocean City is being dubbed the "New Korean Hub" in Vietnam. It notably features K-Town, a district with hundreds of shops, brands, and services strongly reflecting Korean culture. Many other Korean-standard amenities are already present or soon to arrive, including the Korean Global School, a Korean Medical Center, and the Aquafield Korean-standard relaxation center within Vincom Mega Mall Ocean City. These are crucial components that will meet all the entertainment, health, and education needs of the Korean community living and working in the area. Vinhomes' comprehensive cooperation with VTK demonstrates the Company's strong commitment to fostering sustainable development, green transformation, and elevating living standards for the Korean expert and labor community. Ocean City is also receiving significant investment to become a leading model mixed-use urban area, truly deserving its reputation as the best place to live for the international community in Vietnam. Hashtag: #Vinhomes The issuer is solely responsible for the content of this announcement. About Vinhomes Vinhomes is Vietnam's leading real estate investment, business, and management company. Renowned for its scale, rapid development, and top-tier service quality, Vinhomes provides an ideal urban living experience with professionally planned residential areas, synchronized utility services, and a green, clean environment, helping to shape a new lifestyle for Vietnamese people. Currently, Vinhomes has developed and managed 30 urban areas nationwide, primarily in Hanoi, Ho Chi Minh City, Hung Yen, Hai Phong, and continues to expand into other localities. About VTK Hung Yen Industrial Park Investment and Development Co., Ltd. VTK (Vietnam Korea Together) is the investor of the VTK Clean Industrial Park in Hung Yen. This industrial park is the first Korean-style industrial complex within the Hung Yen Provincial Clean Industrial Cluster, managed by the Korea Land and Housing Corporation (LH), a state-owned entity under Korea's Ministry of Land, Infrastructure, and Transport. Businesses leasing space in this complex are primarily Korean companies based in Korea or those with Korean shareholders. Vinhomes
