Vietnam's largest conglomerate Vingroup is planning nearly two dozen projects in at least 15 countries as its home market slows. This was reported by Qazaqyia.kz citing Associated Press.
The projects include a "Vietnam Town" in Uzbekistan, smart cities in India, and a riverfront development in Congo. Vingroup's core profit comes from real estate, but Vietnam's property market is cooling, while its electric vehicle maker VinFast is losing money.
The company plans to use funds from overseas projects to invest in EVs, artificial intelligence, and robotics. In Uzbekistan, Vingroup signed an agreement in December to build a "Vietnam Town" in Tashkent.