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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.
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By Manu Vardhan Kannan
Published on July 8, 2025
In a landmark move, the United Arab Emirates (UAE) has introduced a new route for Indian citizens to obtain the prestigious Golden Visa — now without the need to buy property or launch a business. This shift is part of a pilot program that simplifies the path to long-term residency, specifically targeting skilled Indian professionals and creators.
The Golden Visa offers a 10-year or lifetime residency permit that allows foreigners to live, work, or study in the UAE without needing a local sponsor. With the new update, eligible Indians can apply by nomination through approved UAE partners and pay a one-time fee of AED 100,000 (approximately ₹23.3 lakh).
This initiative reflects the UAE’s strategic efforts to strengthen its knowledge-based economy and deepen ties with India under the Comprehensive Economic Partnership Agreement (CEPA), signed in 2022. The program is expected to receive over 5,000 applications in its first 90 days.
What’s New for Indians?
Under the new scheme:
No property purchase, business license, or investment is needed.
Applicants must be nominated by approved UAE partner organizations.
A fixed one-time fee of AED 100,000 covers lifetime visa eligibility, including admin costs.
No recurring taxes or investment maintenance required.
The visa allows unrestricted re-entry and continued residency even if the holder spends extended periods outside the UAE.
Who Can Apply?
The pilot program is open to individuals with experience or expertise in sectors of interest to the UAE, such as:
Senior professionals in education, healthcare, and corporates
University lecturers, school teachers, and experienced nurses
Digital creators (YouTubers, podcasters, filmmakers, authors)
Coders, esports professionals, yacht owners, and maritime workers
Application Process:
Contact an authorized agent. The Rayad Group, in partnership with VFS Global and One Vasco, is managing the nomination process in India.
Submit your qualifications and background at One Vasco centres.
Pay the one-time fee.
Complete background checks, including criminal, financial, and social media history.
Receive Golden Visa approval and lifetime residency rights upon clearance.
This simplified path to UAE residency makes the Golden Visa more accessible to talented Indians from non-investment backgrounds, marking a significant policy shift in the region’s migration landscape.
Namak Indian Restaurant & Bar, a top culinary destination in Greenville, US, has announced the appointment of Chef Kishor Singh as its new Sous Chef. Known for his versatile expertise and creative finesse, Chef Kishor brings over a decade of experience from some of the world’s most esteemed kitchens. His impressive portfolio includes celebrated names like Sanjh Restaurant in the US, Pincode by Kunal Kapoor in Dubai, Masala Library by Jiggs Kalra in New Delhi, Andaz Delhi by Hyatt, and Taj Jai Mahal Palace in Jaipur.
At Namak, Chef Kishor is set to infuse fresh energy into the kitchen, blending traditional Indian flavours with contemporary culinary techniques. His leadership in pre-opening teams and flair for modern plating, menu conceptualisation, and operational excellence makes him a vital addition to the brand’s evolution.
“It’s an honor to join Namak and bring my culinary journey full circle,” said Chef Kishor Singh. “This role is not only a personal milestone but also an opportunity to showcase refined Indian gastronomy with global finesse.”
His previous role at Sanjh saw him thriving under high-pressure service environments and gaining acclaim for his innovation and team training. His foundation at Masala Library and Punjabi by Nature helped shape a culinary philosophy rooted in Indian tradition and presented with modern flair.
Chef Kishor will work closely with Namak’s head culinary team to develop seasonal menus, experiment with regional dishes, and create memorable dining experiences. His appointment reflects Namak’s ongoing commitment to pushing the boundaries of Indian cuisine while honoring its roots.
Atmosphere Kanifushi Maldives continues its reign as the Maldives’ top family getaway, securing the title of ‘Maldives Leading Family Resort’ for the sixth year in a row at the World Travel Awards 2025. Blending serene beauty with vibrant energy, the resort strikes a unique balance between tranquillity for couples and adventure for families, making it a preferred choice across age groups. “This win is a testament to our team’s passion and commitment to making each stay unforgettable,” said Ram Bhoyroo, General Manager, Atmosphere Kanifushi. The resort, known for its lush landscape and turquoise seascapes, boasts one of the highest guest repeater rates in the region and constantly innovates to keep experiences fresh.
Recent additions include the launch of the new Essens Spa, offering immersive wellness journeys, detox sessions, and even dedicated spa treatments for kids and teens. With a heart for inclusivity and an eye for detail, Atmosphere Kanifushi continues to elevate family holidays in the Maldives, earning both loyalty and accolades in equal measure.
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