Vingroup is launching projects in at least 15 countries to diversify its geographic footprint. The conglomerate aims to counteract a cooling Vietnamese property market and financial losses from its electric vehicle unit, VinFast.
International ventures include a Vietnam Town in Uzbekistan, smart cities in India, and a riverfront development in the Democratic Republic of Congo. These global operations will generate revenue for the company's investments in electric vehicles, artificial intelligence, and robotics.
The expansion follows a decrease in large-scale development opportunities within Vingroup's home market.