Vingroup, Intel ink MoU to develop advanced technologies
Vietnamese conglomerate Vingroup on May 31 announced that it has signed a Memorandum of Understanding with Intel to create a wide range of advanced computing systems.
Le Thi Thu Thuy, Vice Chairwoman of Vingroup (sixth from left) shakes hands with Pat Gelsinger, Intel CEO at the signing ceremony. (Photo: VNA)
Hanoi (VNA) – Vietnamese conglomerateVingroup on May 31 announced that it has signed a Memorandum of Understandingwith Intel to create a wide range of advanced computing systems.
Under the MoU, the two sides will work to explore opportunities for5G-enabled smart city and smart building solutions, which can be applied toVinhomes' Smart City projects. They will also collaborate in creatingand deploying smart factory Internet of Things (IOT) solutions for VinESbatteries manufacturing and VinFast electric vehicles manufacturing.
Both companies will also work together to define ashared vision of future in-vehicle computing platforms and build scalablein-vehicle computing platforms for ADAS based on Mobileye technology and infotainmentsystems.
Le Thi Thu Thuy, Vice Chairwoman of Vingroup said thatVingroup has always been a pioneer in bringing consumers smart products andservices integrated with world-class technologies, advanced features andoutstanding experiences to improve their lives.
Meanwhile, Pat Gelsinger, Intel CEO said the company has thedepth and breadth of software, silicon and platforms, and process with at-scalemanufacturing our partners need for their next-generation innovations.
Vingroup recently adjusted its orientation andredefined three key groups of activities, namely technology and industry, tradeand services, and social enterprise.
﷽ To develop the technology and industrygroup, it focuses on two main strategies, namely building Vingroup'stechnology ecosystem and connecting global intelligence – cooperating with theworld's leading technology partners to accelerate the application of the mostadvanced and new technologies to Vingroup's products and services./.
Vietnamese automaker VinFast announced on January 6 to stop producing internal combustion engine (ICE) cars and switch to all-electric vehicle production from the end of 2022 at the Consumer Electronics Show CES 2022 in Las Vegas, the US.
VinFast Trading and Service Ltd Co, a subsidiary automaker of conglomerate Vingroup, sold 35,723 vehicles in 2021, posting a year-on-year surge of 21.2 percent despite the COVID-19 pandemic.
Vingroup has just announced its bond issuance on the international market in 2022, worth 525 million USD, with the offering price of 1 million USD a bond. The issue date is expected to be in May.
Vietnamese multi-sector corporation Vingroup aims for net revenue of about 140 trillion VND (6.06 billion USD) this year, an increase of 11.4 percent year on year and after-tax profit of about 6 trillion VND (260 million USD), heard the firm’s annual stakeholders’ meeting held on May 11.
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Le Thi Thu Thuy, Vice Chairwoman of Vingroup (sixth from left) shakes hands with Pat Gelsinger, Intel CEO at the signing ceremony. (Photo: VNA) 
