Vingroup (VN) | The Elon Musk of Vietnam | 5/5

Empires - An Asian Business Podcast

Pham Nhat Vuong is often called the Elon Musk of Vietnam. Vuong founded Vingroup, Vietnam's largest conglomerate, contributing nearly 2% to the nation's GDP. The company spans six key sectors, with real estate as its main driver, accounting for 70% of its revenue and boasting $17.6 billion in assets. Globally, Vingroup is recognized through its subsidiary VinFast, a venture full of challenges yet poised to revolutionize the company much like Samsung Electronics transformed Samsung Group. Episode 1: Vuong’s early entrepreneurial efforts start unexpectedly in Russia and Ukraine, where initial failures left him deeply in debt. Episode 2: Tracks Vuong's venture into Vietnam with luxury resort chain VinPearl. Episode 3: Highlights the meteoric rise of Vingroup's real estate sector, becoming the cornerstone of the conglomerate. Episode 4: Chronicles the bold leap into electronics with VinSmart, a move that proved costly. Episode 5: Examines VinFast's turbulent rise and steep challenges, as it races to establish itself in the auto industry. -

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Want to discover more origins, rise & fall on Asian business empires? Follow us on our ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tiktok⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ where we share 5 minute breakdowns of some of the most interesting Asian businesses.

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