Vingroup
Vingroup operates Vietnam's largest conglomerate spanning real estate, retail (VinMart), automotive (VinFast), electronics (VinSmart), healthcare, and education. Founder Pham Nhat Vuong built empire from instant noodles (Technocom, sold 2010) into diversified group. Vingroup's strategy involves building Vietnamese alternatives to foreign brands - VinFast vs Toyota, VinSmart vs Samsung - representing import substitution through vertical integration.