Vietnam's Vingroup broadens empire with rail, energy expansion

CompaniesCountry's largest conglomerate diversifies into infrastructure while VinFast remains financial burdenConstruction work at Hung Vuong Stadium in Hanoi, part of Vingroup's broader push into infrastructure and urban development beyond its VinFast electric vehicle business. © ReutersMAI NGUYEN and YUJI NITTAJuly 31, 2026 23:10 JSTHANOI -- Vietnamese conglomerate Vingroup posted a sharp rise in first-half net profit as robust property sales boosted earnings, giving the group greater financial firepower to expand into capital-intensive businesses including urban railways and renewable energy while continuing to fund its loss-making electric vehicle unit.