What Viet Phuong Group does

Viet Phuong Group (VPG) is a privately-held Vietnamese multi-industry investment conglomerate established in 1996 and headquartered in Hanoi. The group operates through more than 20 member companies distributed across Vietnam (from Yen Bai and Lao Cai in the north to Quang Nam and Hue in central Vietnam, Da Nang, and Quang Tri) and internationally in Laos (Vientiane, Sekong, Khammouane/Champasak). VPG's business spans five core verticals: Minerals (low-iron quartz sand and powder processing at HPS Hue Premium Silica, bauxite extraction at Dakchung in Laos, rare earth exploration at Dong Pao, plus limestone, gold, and casting sand operations); Banking and Finance (as the largest shareholder of VietABank, a commercial joint stock bank serving millions of customers); Real Estate (including the 5-star Son Tra Resort & Spa with 500 rooms on Da Nang's Son Tra peninsula and the Vientiane Capital City Hall delivered to the Lao government); Energy (hydroelectric, wind, solar, and gas power projects); and Pharmaceuticals (strategic stake in Vinapharm).

The group's underlying technology centers on mineral processing and purification, with the Hue Premium Silica plant deploying European-standard (Quarzwerke-licensed) processing technology to produce low-iron quartz sand with iron content below 100ppm and 60ppm for solar glass, TFT glass, and ultra-white glass manufacturers. Aggregate mining and processing capacity exceeds 1 million tonnes annually across controlled reserves of more than 27 million tonnes of white sand. Capital intensity is high, with the HPS plant (~$36M), Dakchung bauxite project (~$650M USD), and My Thuy International Port in Quang Tri (~$650M USD, 685 ha) representing the largest project exposures. Distribution is primarily B2B direct enterprise sales, with international export of silica to glass manufacturers in China and Korea, government-to-government project execution for mining and infrastructure, and distribution of banking services through VietABank's branch network. Pricing is project-based and not publicly disclosed, with multi-year contracts negotiated enterprise by enterprise.

Name

Viet Phuong Group

Legal name

Công ty Cổ phần Tập đoàn Đầu tư Việt Phương

Website

https://vpg.vn

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Viet Phuong Group (VPG) is a privately-held Vietnamese multi-industry investment conglomerate operating across minerals, banking, real estate, energy, and pharmaceuticals through 20+ member companies in Vietnam and Laos.

Ownership category

akta.pro rank

Product category

Diversified Industrial Investment Conglomerate

NAICS

Management of Companies and Enterprises (551), Management of Companies and Enterprises (5511), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Strategic / Balance-Sheet CVC (On-balance-sheet investing) (FSANAHAA)

akta.pro secondary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

Keywords

• Industrial mineral processing
• Mining investment services
• Commercial banking services
• Luxury resort hospitality
• Renewable energy generation

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Infrastructure, Operations, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Mining and Mineral Processing: VPG generates revenue through extraction and processing of mineral resources including white sand (cát trắng silica), limestone, bauxite, gold, rare earth, lead, zinc, and graphite/feldspar/kaolin. The Hue Premium Silica plant produces 440,000 tonnes/year of processed quartz products. Mining operations span Vietnam (Thua Thien Hue, Quang Nam, Yen Bai, Lao Cai) and Laos (Sekong province).
2. Banking and Financial Investment: VPG is the largest shareholder of VietABank (Ngân hàng TMCP Việt Á), generating returns through its equity stake in the banking business. VietABank has grown to serve millions of customers and received multiple international recognitions for sustainable development.
3. Real Estate Development: Revenue from real estate investment including resort and hospitality properties (Son Tra Resort & Spa in Da Nang), commercial and office properties, and international projects such as the Vientiane Capital City Hall building in Laos.
4. Energy Generation: VPG pursues development of hydroelectric power, wind energy, solar energy, and gas power projects. The company aims to become a leading private enterprise in electricity supply and a pioneer in new renewable energy sectors, targeting both domestic grid supply and international standards in business management.
5. Strategic Investments and Joint Ventures: VPG holds strategic stakes in pharmaceutical sector (Vinapharm) and operates international joint ventures. Revenue derives from investment returns, dividends, and equity appreciation across portfolio companies.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Viet Phuong Group (VPG) is a diversified multi-industry investment conglomerate that invests in and operates businesses across five core sectors: mining and mineral processing (including low-iron quartz sand, bauxite, rare earth, limestone, and other minerals), banking and financial services (as the largest shareholder of VietABank), real estate and resort development, energy generation (hydropower, wind, solar, gas), and pharmaceuticals. The group manages over 20 member companies and operates large-scale industrial projects in Vietnam and Laos, with combined investments exceeding USD 650 million in mining alone and 15,000 billion VND in port infrastructure.

Product overview

Viet Phuong Group (VPG) is a diversified multi-industry investment conglomerate operating primarily in Vietnam and the Greater Mekong region. The group operates through multiple subsidiaries spanning five core business sectors: Mining & Minerals (including Hue Premium Silica quartz processing plant, bauxite mining in Laos, and rare earth projects), Banking & Finance (as largest shareholder of VietABank), Real Estate (Sơn Trà Resort & Spa and property development), Energy (hydropower, wind, solar, and gas power projects), and Infrastructure (including My Thuy International Port). The portfolio includes over 20 member companies across Vietnam and internationally, with major projects in Laos. VPG's notable products include high-quality low-iron quartz sand and powder (HPS), luxury resort properties, strategic mineral extraction operations, and financial services through its banking subsidiary.

Differentiator

Problem solved

Functional benefit

Brands

• YVG: Công ty cổ phần khoáng sản Yên Bái VPG - công ty con hoạt động trong lĩnh vực khoáng sản
• HPS
• Hue Premium Silica

Products and services

• Hue Premium Silica (HPS) Low-Iron Quartz Sand Vietnam's first high-quality low-iron quartz sand and powder processing plant. Produces quartz products with iron content below 100ppm and below 60ppm for use in solar glass, TFT glass, tempered glass, and ultra-white glass manufacturing. Annual capacity of 440,000 tonnes.
• Sơn Trà Resort & Spa A 5-star international hotel and resort villa complex located on Son Tra Peninsula in Da Nang, Vietnam. The project spans 14.1 hectares of land and 20.8 hectares of sea area with 500 rooms, featuring 1.6 km of beach frontage and natural coral reefs. Operated by Công ty Cổ phần Sơn Trà, a VPG subsidiary.
• Dakchung Bauxite Mining and Aluminate Project (Laos) A major bauxite mining and processing project located in Dakchung district, Sekong province, Laos, covering approximately 100 km² with total investment of about USD 650 million. Produces alumina from bauxite ore with planned annual capacity of 600,000 tonnes. Vietnam's largest single mining investment in Laos, executed under a government-to-government contract.
• Đông Pao Rare Earth Project (Lai Châu)
• My Thuy International Port
• VietABank (Vietnam Asia Commercial Joint Stock Bank)
• Industrial Mineral Products (Casting Sand, Glass Sand, Limestone)
• Yedco Wood Manufacturing and Processing (Laos)

Quantifiable outcome

• 440,000 tonnes/year of high-quality processed quartz products from the HPS plant
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Quarzwerke (Germany)coreStrategic or Co-development Partner · 25 September 2018Joint venture with German company Quarzwerke for the Hue Premium Silica project. Initially a joint venture (established 25 September 2018), later became a wholly-owned VPG subsidiary (18 September 2019). Quarzwerke provided European-standard processing technology and quality assurance for Vietnam's first high-quality low-iron quartz sand plant.
• Government of Laos (Sekong Province)coreStrategic or Co-development Partner · 11 September 2018Bauxite extraction and processing contract signed 11 September 2018 in Vientiane between the Lao Government and VPG. The project at Dakchung, Sekong Province covers ~100km² with ~650M USD investment, Vietnam's largest mining investment in Laos.
• THACOminorStrategic or Co-development PartnerTruong Hai Auto Corporation (THACO), Vietnam's leading automotive and industrial group, is listed as a VPG partner, suggesting potential cooperation in industrial or automotive mineral supply.
• AWHminorOthersAWH is listed as a VPG partner in the company's partner section, though specific cooperation details are not detailed on the website.
• HICONminorChannel Partner/ Reseller/ DistributorHICON is listed as a VPG partner, potentially in the minerals distribution or industrial products channel.
• YVG (Yen Bai Minerals Joint Stock Company)minorStrategic or Co-development PartnerYVG (Công ty Cổ phần Khoáng sản Yên Bái VPG) is a subsidiary of VPG with charter capital of 125 billion VND, originally a state-owned enterprise converted to joint stock company in 2001. YVG operates in the Yen Bai region for mineral extraction.

Scale indicators10 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Quarzwerke Group: German specialty minerals company that originally partnered with VPG on the Hue Premium Silica plant. A direct peer in high-purity quartz sand processing for solar, TFT, and ultra-white glass applications, providing the European technology baseline against which VPG's HPS competes.
• Minerali Industriali: Italian specialty mineral company listed as a VPG partner. Comparable as a European producer of processed industrial minerals (feldspathic, silica, nepheline) supplying glass, ceramics, and related industries — overlapping closely with VPG's silica and mineral processing activities.

Regional players

• CT Group: Vietnamese diversified conglomerate with real estate, hospitality, F&B, and industrial operations. Comparable to VPG as another privately-held Vietnamese multi-industry group spanning real estate, hospitality, and broader industrial investments.
• Masan Group: Vietnamese conglomerate with operations in mining (Nui Phao tungsten/fluorite/bismuth/copper), consumer goods, and financial services (Techcombank stake). Comparable to VPG as a diversified group combining mining of critical minerals with financial-services holdings and consumer-facing businesses.
• Hoa Phat Group: Vietnam's largest steel producer with integrated iron ore mining operations and a real estate arm. Comparable to VPG as a major Vietnamese industrial group with both mining resource extraction and downstream manufacturing, serving as a model for vertically integrated industrial investment.

Broad incumbents

• Imerys S.A. French multinational specialty minerals company listed as a VPG partner. Operates globally in performance minerals including high-purity silica, providing a broad benchmark for specialty minerals processing scale, customer base, and product portfolio that overlaps with VPG's HPS and mineral operations.
• Sibelco: Global Belgian specialty minerals company producing high-purity silica and other industrial minerals for glass, solar, and electronics markets. Direct competitor in the premium silica segment that VPG's HPS targets and a benchmark for international specialty-minerals scale.
• Sovico Group: Vietnamese privately-held diversified conglomerate with interests in aviation (Vietnam Airlines), real estate, financial services, and energy. Comparable to VPG as another large family-controlled multi-industry investment group operating across strategic sectors of the Vietnamese economy.
• Vinacomin: Vietnam's state-owned coal and mineral mining group. Comparable to VPG as a major Vietnamese mining operator with interests in bauxite, rare earth, and industrial minerals, providing context for VPG's private-sector position in Vietnam's mining landscape.

Others

• Thai Beverage (ThaiBev): Large Southeast Asian conglomerate with diversified industrial holdings, real estate, and strategic stakes. Adjacent comparison rather than direct competitor, but useful as a benchmark for how Southeast Asian conglomerates manage multi-industry portfolios at scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/TapdoanVPG
• LinkedInlinkedin.com/company/viet-phuong-group

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Viet Phuong Group