Vietnam's leading private conglomerate Vingroup announced on Wednesday the establishment of VinRobotics – a robotics firm with a charter capital of VND1 trillion (US$39.4 million).

Vingroup holds a 51-percent stake in the company.

Thirty-nine percent of the total shares are held by Vingroup chairman Pham Nhat Vuong, while the other 10 percent are split evenly between his sons Pham Nhat Quan Anh and Pham Nhat Minh Hoang, according to a company announcement.

Ngo Quoc Hung was named CEO of the new firm.

VinRobotics specializes in the research, development, and transfer of advanced technologies, particularly in automation, industrial robotics, and artificial intelligence.

The company will design and produce smart robots and robotic systems, offering solutions to streamline production processes and enhance efficiency across industries, services, and everyday life.

VinRobotics will also develop technologies for other enterprises.

According to a report by Vingroup, Vuong and his wife Pham Thu Huong, vice-chairwoman of the group, has three children, namely Pham Nhat Quan Anh, Pham Nhat Minh Hoang, and daughter Pham Nhat Minh Anh.

The two sons have recently joined Vingroup’s ecosystem.

Quan Anh is deputy general director of manufacturing at electric vehicle maker VinFast, while Minh Hoang acts as general director of electric car rental company FGF.

As of June 2024, Quan Anh held 150,000 VIC shares of Vingroup, while Minh Hoang and Minh Anh owned zero VIC shares.

Vuong currently holds more than 691 million VIC shares, or a 17.87-percent stake at the group, according to a report by Vingroup.

Huong owns nearly 170 million VIC shares, equivalent to a 4.39-percent stake.

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