HCMC – Vingroup’s (VIC) board of directors has approved the establishment of VinMotion which specializes in the research, development, and application of multifunctional robotics, according to local media reports.
This robotics company, with total charter capital of VND1,000 billion, is headquartered in Long Bien, Hanoi. Vingroup holds a 51% stake in VinMotion.
Since the beginning of 2024, Vingroup has consistently established new entities within the high-tech and industrial ecosystem.
On November 20, 2024, Vingroup announced the establishment of VinRobotics Joint Stock Company, which is focused on robotics research, development, and application and has charter capital of VND1,000 billion.
Vingroup owns 51% of VinRobotics’s shares, chairman Pham Nhat Vuong holds a 39% stake, and his two sons, Pham Nhat Quan Anh, and Pham Nhat Minh Hoang, owns 5% each.
Also, on January 10, Vingroup said that SK Investment Vina II (a subsidiary of SK Group) had registered to sell over 50.8 million shares via block deal transactions between January 16 and February 14.
If the sale is successful, the South Korean group will retain over 180.6 million shares, reducing its ownership from 6.05% to 4.72% of the charter capital, and will no longer be a major shareholder of Vingroup.
Nguyen Viet Quang, vice chairman and CEO of Vingroup, said that SK Group’s decision to reduce its shareholding is part of its strategy to realign its investment portfolio in international markets. Both sides are continuing discussions on several collaboration opportunities to maximize development potential in the future.
