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Billionaire Pham Nhat Vuong expands into energy and AI

Billionaire Pham Nhat Vuong and Vingroup established two subsidiaries

Vingroup has just contributed more than 934 billion VND to establish two new companies. These are VinES Energy Solutions Joint Stock Company and VinAI Artificial Intelligence Research and Application Joint Stock Company. Both are headquartered in the Symphony office building. This building belongs to Vinhomes Riverside ecological urban area, Hanoi. This is the step to realize the message of billionaire Pham Nhat Vuong. Chairman of the Board of Directors of Vingroup shared: “Promoting cooperation, development and application of science and technology in all fields is Vingroup’s direction throughout. Technology is the key to promoting development and intelligence optimization, unleashing the full potential of the system.” Accordingly, Vingroup has 104 subsidiaries and 5 associate companies.

The battery cells producing startup of the billionaire

VinES manufactures batteries, accumulators, accessories for VinFast electric vehicles, and electrical and electronic equipment. VinES researches and produces VinGroup’s own battery technology, instead of imported components and packaging. VinGroup contributes 51% capital, equivalent to 510 billion VND to VinES. Therefore, the charter capital of this company is 1,000 billion VND. Previously, VinFast also established a battery manufacturing joint venture with LG Chem. But the joint venture mainly packs batteries according to LG technology that serve many electric motorcycles. VinES helps the group to be autonomous in technology, battery supply and leading important components in the electric vehicle industry. VinBigData is also researching and developing level 4 autonomous electric vehicles. The vehicle is currently being tested on Hon Tre Island, Nha Trang.

VinAI and the Vietnamese virtual assistant ViVi

VinAI researches science and develops technologies. The company realises the research works of VinAI Research Institute of Artificial Intelligence. ViVi is a virtual assistant developed by VinBigData. The product will be integrated on VinFast models. ViVi is also applied in smart home systems and other technology products. ViVi virtual assistant can understand and respond in Vietnamese. This AI assistant can also look up information, make calls, and change car settings. The ability to recognize Vietnamese language is about 98% accurate. ViVi supports more than 100 features of information, utilities, entertainment, services and smart car control.

Professor Vu Ha Van, Scientific Director of VinBigData

The virtual assistant’s voice is appreciated by many people for easy listening, natural tone. This voice came from a very familiar person on television. That is the editor Hoai Anh who often appears in news programs. ViVi also allows users to choose voices to read regions, choose male or female voices at will. Therefore, ViVi will have the voices of many other famous MCs. Before ViVi, another Vietnamese virtual assistant was also introduced, Kiki. This virtual assistant was developed by Zalo AI Lab, so far has not been officially commercialised.

Sources of information include NDH. Trithuctre, and VNExpress.