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Vietnam's Vingroup drives industrialization with diversification

From medicine to cars, property developer muscles into ever more sectors

Vingroup's convenience store chain, Vinmart Plus, is part of a diverse and expanding empire.   © Reuters

HANOI -- Vietnamese property developer Vingroup is fast becoming one of the country's most diverse conglomerates, even as it still relies on the real estate business for the bulk of its sales.

The company in early April announced its entry into the pharmaceuticals market, with plans to start building a plant this summer. Earlier, in March, it announced the acquisition of a feed company and plans for setting up a university. Its automobile manufacturing venture is moving forward with engineer training and international tie-ups.

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