Vingroup: A Vietnamese Trailblazer on the Path to Global Prominence

Vingroup: A Vietnamese Trailblazer on the Path to Global Prominence

By Nithyakala Neelakandan

Published on September 7, 2024

Vingroup, founded in 1993 by Pham Nhat Vuong, has grown into Vietnam's largest private conglomerate, becoming a symbol of innovation and progress. With interests in industries ranging from real estate and technology to services and social philanthropy, the company has played a major role in shaping Vietnam's economy and infrastructure. Over the past three decades, Vingroup has significantly contributed to the country’s development, enhancing the quality of life for millions of people.

Economic Contributions and Green Innovation

Vingroup stands out as a pillar of Vietnam’s economic growth. In 2023, the company was the largest taxpayer in Vietnam, contributing over VND 30.9 trillion (around $1.32 billion). When combined with related companies Vinhomes and VinFast, Vingroup’s total contribution to the state budget exceeded VND 51 trillion ($2.2 billion). This underlines the company’s key role in Vietnam's private sector.

The group’s commitment to sustainability is particularly evident in its green initiatives. Vingroup’s real estate arm, Vinhomes, has pioneered eco-friendly urban areas, setting new standards for sustainable living. Projects like Vinhomes Ocean Park and Vinhomes Smart City incorporate energy-efficient buildings, expansive green spaces, and advanced waste management systems.

In the automotive sector, VinFast, Vingroup’s electric vehicle (EV) brand, is driving innovation by transitioning to fully electric cars and e-scooters. This bold move is helping reduce Vietnam’s carbon footprint while positioning the company as a leader in sustainable transportation.

Global Influence and Expansion

Vingroup’s reach extends beyond Vietnam’s borders. Through VinFast, the company has entered the global automotive market, becoming the first Vietnamese car manufacturer listed on the U.S. stock exchange. By launching electric vehicles in North America, Europe, and Asia, VinFast is showcasing Vietnam’s capabilities in cutting-edge technology and manufacturing. The company’s success has earned it a spot on the prestigious "TIME 100 Most Influential Companies 2024" list.

Additionally, the VinFuture Prize, an international science and technology award established by Vingroup, highlights the group’s dedication to fostering global innovation. This prize not only recognizes breakthroughs in science but also brings the world’s most advanced technologies to Vietnam, reinforcing the company’s global vision.

Commitment to Social Responsibility

Beyond business, Vingroup is dedicated to improving the lives of the Vietnamese people. The company invests in education through its VinUni and Vinschool initiatives and provides free healthcare services via Vinmec. Vingroup also supports disaster relief efforts and offers scholarships to underprivileged students. Through these philanthropic efforts, the company is helping to build a more prosperous and equitable society in Vietnam.

Vingroup’s success story is a testament to the vision and entrepreneurial spirit of its founder, Pham Nhat Vuong. The company’s drive for innovation, sustainable growth, and social responsibility sets an example for other businesses in Vietnam and beyond.


Salt Lake Winter Roundup Returns with Sports and Cultural Festivities

Salt Lake Winter Roundup Returns with Sports and Cultural Festivities

By Manu Vardhan Kannan

Published on January 14, 2025

Visit Salt Lake is thrilled to bring back the Salt Lake Winter Roundup, scheduled for Saturday, February 8, 2025. In partnership with the Days of '47 Rodeo, this all-day event will transform downtown Salt Lake’s West Temple, between City Creek Center and Abravanel Hall, into a bustling western hub. Celebrating Salt Lake’s legacy in sports, arts, and culture, the Winter Roundup promises an unforgettable experience for locals and visitors alike.

Exciting Activities for All Ages

The Salt Lake Winter Roundup boasts a lineup of thrilling activities and performances. Highlights include:

  • Skijoring (1–4 p.m.): A high-energy fusion of rodeo and ski racing.

  • Live Music & Performances: Local talent and cultural showcases.

  • Interactive Fun: Mechanical bull rides and family-friendly attractions.

  • Food & Brand Activations: Delicious offerings from food vendors and interactive brand experiences.

Kaitlin Eskelson, President & CEO of Visit Salt Lake, shared her enthusiasm for the event:
“This year’s Salt Lake Winter Roundup is a celebration of Salt Lake’s welcoming spirit and rich history. Events like this connect visitors and locals to our vibrant culture while supporting our visitor economy, from hotels to local businesses. We’re proud to showcase what makes Salt Lake such a unique and thriving destination.”

A Partnership to Celebrate Heritage

The collaboration with the Days of '47 Rodeo brings an authentic touch of Utah’s western culture. Tommy Joe Lucia, Executive Director of the Days of '47 Rodeo, expressed his excitement:
“The Utah Days of '47 Rodeo is proud to partner with Visit Salt Lake to showcase our state’s western culture and heritage with this spectacular festival. It’s a winter wild west ride like no other.”

More to Explore in Salt Lake

The Winter Roundup is just the start. Visitors can extend their stay and enjoy a variety of events, including:

  • Professional Bull Riding at the Delta Center.

  • Stunning performances from Ballet West and the Utah Symphony.

  • Dining and nightlife options across the city.

For full event details, hotel packages, and a complete schedule of activities, visit Visit Salt Lake Winter Roundup.

About Visit Salt Lake

Visit Salt Lake is a private, non-profit corporation dedicated to promoting Salt Lake as a convention and travel destination. By enhancing the local economy and fostering sustainable tourism, Visit Salt Lake contributes significantly to the area’s $5.8 billion visitor economy.


Hyatt Centric Makes Its Nepal Debut in the Heart of Kathmandu

Hyatt Centric Makes Its Nepal Debut in the Heart of Kathmandu

By Nishang Narayan

Published on January 14, 2025

Hyatt Hotels Corporation, in collaboration with City Hotel, has officially launched Hyatt Centric Soalteemode Kathmandu, marking the debut of the Hyatt Centric brand in Nepal. The property, formerly known as Hyatt Place Kathmandu, has been extensively renovated to reflect the vibrant culture of Kathmandu while offering world-class amenities.

Nestled in the heart of the city, Hyatt Centric Soalteemode Kathmandu is designed to be the perfect base for explorers and savvy travelers seeking an authentic connection with the city’s cultural pulse. The hotel features 153 thoughtfully designed guest rooms, blending functionality, contemporary aesthetics, and locally inspired art. All guests enjoy complimentary Wi-Fi, ensuring a seamless stay.

Highlighting the significance of this transformation, Akshay Golyan, Executive Director of City Hotel, remarked:

“After an extensive renovation, we are excited to introduce the Hyatt Centric brand to Nepal, offering our guests a gateway to Kathmandu’s cultural and contemporary pulse. Hyatt Centric Soalteemode Kathmandu is designed to inspire exploration while providing a modern local home base for savvy travelers, so they never miss a moment of adventure.”

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The hotel offers over 8,600 square feet of versatile event spaces, accommodating groups ranging from 10 to 600 people. These spaces are ideal for business meetings, social gatherings, and weddings, making the property a hub for events in Kathmandu.

Varun Talwar, General Manager of Hyatt Centric Soalteemode Kathmandu, shared his enthusiasm:

“We are thrilled to open our doors and welcome guests and World of Hyatt members to the first Hyatt Centric branded hotel in Nepal. From meticulous design to innovative culinary offerings, we aim to become the starting point for every traveler’s adventure.”

Dining at the property is a sensory delight. The Centric Lounge serves as a vibrant social space offering artisanal coffees, signature cocktails, and locally inspired bites. Guests can indulge in global flavors with a local twist at NOON, the all-day dining restaurant, or enjoy stunning views of Kathmandu at ZING Sky Pool Bar & Deck, the poolside bar and lounge.

Hyatt Centric Soalteemode Kathmandu perfectly combines modern comfort with cultural immersion, making it a unique destination for travelers looking to explore the charm of Kathmandu. With its strategic location, luxurious offerings, and a strong emphasis on local culture, the property sets a new benchmark for hospitality in Nepal.


Free Airbnbs and Hotel Discounts for LA Wildfire Victims

Free Airbnbs and Hotel Discounts for LA Wildfire Victims

By Nishang Narayan

Published on January 14, 2025

The ongoing wildfires in Los Angeles have forced over 180,000 people to evacuate, leaving many with no homes to return to as entire neighborhoods have been reduced to ashes. In the wake of this devastation, the hospitality and tourism industry has stepped up, providing crucial support to displaced residents and travelers in need.

Free Accommodation Through Airbnb

Holiday rental platform Airbnb, in partnership with 211 LA, is offering free temporary housing to wildfire victims. Funded by Airbnb.org, a nonprofit established to provide emergency housing during crises, and supported by Airbnb hosts, these accommodations focus on the hardest-hit areas, including Altadena, Malibu, Pacific Palisades, Pasadena, Santa Monica, and Sylmar.

Vrbo has also extended support by offering refunds to guests who had to cancel reservations due to fire damage in affected areas.

Discounted Hotel Stays

Hotels in Los Angeles and Anaheim have joined the relief efforts, offering discounted rates to evacuees. Guests staying at these properties are advised to keep their receipts and photos for insurance reimbursement. Among the pet-friendly options are Hilton Irvine Orange County Airport, Alisal Ranch, and Mission Inn Hotel & Spa, which are welcoming evacuees with animals.

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Free Transportation Options
Ride-sharing services Uber and Lyft are providing free transport for evacuees. Uber is offering trips valued up to $40, while Lyft allows two rides of up to $25 each to shelters in fire-affected areas, ensuring evacuees can travel safely.

Tourism Industry Unites

The Los Angeles Tourism Board has compiled a comprehensive list of resources, including discounted hotel stays, to assist those impacted by the fires. These efforts reflect the industry's commitment to helping communities in times of crisis.

Amid this challenging time, businesses are rallying to offer support, demonstrating the power of community and solidarity. Whether through free accommodation, discounted stays, or transportation, the travel industry is playing a critical role in aiding those affected by the wildfires.

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