Vingroup to establish robotics subsidiary
Vietnam’s largest private company, Vingroup plans to establish VinMotion with a 51% stake to research and develop multifunctional robots.
VinMotion has received approval from the board of directors for incorporation with a charter capital of VND1 trillion (US$39 million).
Illustrative image. |
It is the latest of a number of tech firms established by Vingroup or its billionaire chairman Pham Nhat Vuong since the beginning of last year.
In March 2024 Vietnam’s richest man established V-GREEN for developing charging stations to support auto subsidiary VinFast’s global expansion.
Then he launched companies specializing in electric car sales, rentals and driver training.
In November his sons Pham Nhat Quan and Pham Nhat Minh Hoang, contributed capital to establish VinRobotics, a company which seeks to provide AI-based robotics and automation solutions.
Vuong recently sold AI-focused company VinBrain to U.S. chip giant Nvidia.
Reader's comments (0)