VinFast parent Vingroup to develop own robots, AI at new company

Backers include Vietnamese group's billionaire founder and his sons

20241121N Vingroup

Vingroup's new robotics company could give a boost to automation at subsidiary VinFast's EV plants. (Photo by Yuji Nitta)

YUJI NITTA, Nikkei staff writer

HANOI -- Vietnamese conglomerate Vingroup has established a company to research and develop industrial robots and artificial intelligence, with investors including group founder Pham Nhat Vuong and his sons.

VinRobotics was launched with 1 trillion dong ($39.3 million) in capital, Vingroup announced on Wednesday.

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