Vingroup ventures into film, music industries with new subsidiary

Vietnam’s leading private conglomerate Vingroup (HoSE: VIC) has established a new subsidiary, V-Film JSC, marking its official entry into the entertainment sector spanning film, television, and music production.

Founded in late September, V-Film is headquartered at the Vinhomes Riverside urban area in Hanoi, according to its filing.

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%).

The company’s legal representative and chairman is Dang Thanh Thuy, who also serves as CEO and board member of Vinpearl JSC, Vingroup’s hospitality subsidiary.

Vingroup has previously ventured into entertainment. In 2016, it launched VinTaTa, an animation studio that produced the online series Monta in the Bizarre Galaxy.

More recently, in November 2024, the group received approval to redevelop the historic Thong Nhat Cinema in Hai Phong city. The four-story complex, covering 1,730 square meters, has investment capital of VND18 billion ($683,630) and is scheduled for completion between 2024 and 2025.

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.

According to Vingroup, Vin New Horizon is founded on six key pillars : health, enjoyment, happiness, connection, longevity, and peace of mind. It will be integrated into master-planned urban areas ranging from 20 to 50 hectares each.

The model aims to deliver not only housing, medical care, and leisure, but also a holistic environment that promotes active, purposeful living for Vietnam’s rapidly aging population.

Previously, on October 6, 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.

The new company aims to meet the internal material needs of Vingroup's ecosystem while contributing to the development of Vietnam's heavy industry.

Vingroup also plans many renewable and LNG-fueld power projects via VinEnergo and 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 down 3.73% to VND204,100 ($7.75) each on Thursday.