22-Aug-18, The Star Online
Vingroup, Vietnam’s biggest private-sector company, plans to expand into artificial intelligence, software and big data and set up a tech hub in Hanoi that is similar to Silicon Valley.
%20Financial%20Times.jpg "Vietnams Vingroup to build tech hub for forays into AI big data (c) Financial Times")
Image: Financial Times
The investment is part of the group's plan to become an international-standard technology-industry-service conglomerate by 2028 with a focus on technology development and application.
The expansion will be funded from USD400 mn raised via a preferential share issue to a unit of South Korea's Hanwha Life Insurance.