HÀ NỘI — The Vingroup Board of Directors has approved its capital contribution to establish VinMotion Joint Stock Company, which will specialise in the research, development and application of multifunctional robotics.

VinMotion will have a charter capital of VNĐ1 trillion (US$39.4 million), with Vingroup holding a 51 per cent stake.

At the end of November 2024, two sons of Vingroup Chairman Phạm Nhật Vượng, Phạm Nhật Quân Anh and Phạm Nhật Minh Hoàng, contributed capital to establish VinRobotics, a company focused on robotics development. 

It supports the completion of Vingroup’s high-tech industrial ecosystem, one of the conglomerate's three main pillars.

VinRobotics CEO Ngô Quốc Hưng emphasised that products and solutions with high intellectual value significantly contribute to economic and social development in the era of technology. 

Vingroup already owned VinAI, an artificial intelligence (AI) research and application company. VinAI’s technologies are currently being integrated into VinFast's smart electric vehicles and Vinhomes' large-scale residential projects.

Phạm Nhật Vượng’s portfolio previously included VinBrain, which operates in the field of artificial intelligence. 

The company was wholly acquired by Nvidia, which has appointed Mark Steven Hoose, its chief tax officer, as the Chairman and legal representative.

Looking ahead, Vingroup announced that it will proactively prepare resources, optimise cash flow management and capitalise on funding opportunities in domestic and international markets to ensure sustainable growth. — VNS