Vingroup jumps into startup investing with $150m Vietnam fund

Owner of EV maker VinFast adds venture arm amid national $35bn goal

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Vietnam's richest man, Pham Nhat Vuong, the founder of Vingroup, is beginning to invest in tech companies in Southeast Asia. (Source photos by Reuters)

LIEN HOANG, Nikkei staff writer

HO CHI MINH CITY -- Vietnam's largest conglomerate, Vingroup, has established a $150 million venture arm, adding to a sprawling empire of businesses from electric vehicles to real estate.

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