Vingroup founder Pham Nhat Vuong launches aerospace venture VinSpace

Vietnamese billionaire Pham Nhat Vuong, founder and chairman of Vingroup (HoSE: VIC), has established a new company called VinSpace JSC, marking the conglomerate’s entry into the aerospace and aviation sectors.

According to Vietnam’s corporate registry, VinSpace was incorporated on November 3, 2025, with charter capital of VND300 billion ($11.4 million).

The ownership structure comprises Vuong holding 71%, Vingroup 19%, and Vuong’s sons Pham Nhat Quan Anh and Pham Nhat Minh Hoang with 5% each.

The new company is registered to operate across aircraft and spacecraft manufacturing, aviation logistics, and high-tech machinery production, signaling Vingroup’s expansion into advanced technology and aerospace manufacturing.

Nguyen Mai Hoa, chair of VinRobotics, has been appointed VinSpace chairwoman.

The new venture underscores Vuong’s ambition to expand Vingroup’s footprint beyond its traditional sectors of real estate, electric vehicles, and technology.

In September, Vingroup set up V-Film JSC, headquartered at the Vinhomes Riverside urban area in Hanoi. The company is registered to operate across eight business lines, including film production and distribution, television programming, photography, audio recording, and music publishing.

V-Film has a charter capital of VND10 billion ($380,000). Its founding shareholders include Vingroup with a 10% stake, VIC chairman Pham Nhat Vuong (45%), his wife Pham Thu Huong (25%), his daughter Pham Nhat Minh Anh (10%), his younger son Pham Nhat Minh Hoang (5%), and his eldest son Pham Nhat Quan Anh (5%).

Recently, Vingroup unveiled Vin New Horizon, a network of premium retirement and wellness communities built to international standards, marking the Vietnamese conglomerate’s strategic entry into the senior living market.

Last month, Vingroup announced the establishment of VinMetal Joint Stock Company for Manufacturing and Trading, officially entering the metallurgy industry and expanding its existing industrials and technology pillar.

Vingroup also plans many renewable and LNG-fueld power projects via VinEnergo and transport infrastructure projects via VinSpeed.

The giant is a leading real estate developer in Vietnam. Subsidiary VinFast owns two electric vehicle plants in Hai Phong city and Ha Tinh province. Vingroup's operations also involve medical care, education, and technology-AI research, among others.

VIC shares ended up 0.63% to VND207,800 ($7.9) each on Thursday.