Vietnam's real estate developer Vingroup ventures into aviation, space
Vietnam's real estate giant Vingroup is clearly not content with just building skyscrapers and shopping malls — now it's reaching for the stars, quite literally. By launching VinSpace Joint Stock Company to produce planes and spacecraft, founder Pham Nhat Vuong is proving that real estate developers can boldly go where few have gone before. It's an audacious pivot from property to aerospace, signaling Vietnam’s growing ambition on the global high-tech stage.
VinSpace, founded in late 2025 with an initial $8.5 million investment, marks Vingroup’s strategic leap into aviation and space technology. This move not only diversifies their portfolio beyond real estate but also positions Vietnam as an emerging player in aerospace manufacturing, including planes, satellites, and spacecraft. With early research projects already underway, Vingroup’s skyward ambitions are a clear reflection of the country’s aspirations to pioneer innovation and expand its footprint in global aerospace industries.
