Property developer Vingroup on Tuesday established four subsidiaries with total capital of VND390 billion (US$16.67 million), including three technology units and one tourism firm.

VINCSS Internet Security Services Limited Liability Company has charter capital of VND20 billion, 100 per cent owned by Vingroup. Its main business is research and development of network security.

VinConnect Technology Solutions and Services Company Limited has charter capital of VND300 billion, 100 per cent owned by Vingroup. The main business line is information technology service activities.

HMS Software Manufacturing and Trading Company Limited with charter capital of VND50 billion, 100 per cent owned by Vingroup. The main business is producing software.

Phuc An Investment and Tourism Development Joint Stock Company has charter capital of VND20 billion, of which Vingroup owns an 85 per cent stake. Its main business is real estate and accommodation services.

Of the four companies above, HMS is based in District 1, HCM City. The other three firms are based in Vinhomes Riverside, which is also the headquarters of Vingroup.

According to Vingroup, its goal in the next 10 years is to become a world-class technology-industry-service corporation in which technology plays a major role. — VNS