VinHMS increases global expansion with strategic acquisition

HO CHI MINH CITY, Vietnam, July 1, 2024 /PRNewswire/ — VinHMS, an innovator in hotel technology, is actively pursuing its strategic international expansion plans. Founded in December 2018 as a member of Vingroup, VinHMS specializes in providing high-quality technology products and aims to optimize business operations for enterprises. After 5 years of existence, VinHMS is actively expanding its presence in the domestic market and plans to expand its reach beyond borders. This expansion strategy underlines VinHMS’s commitment to becoming a leading provider of hospitality technology solutions in Southeast Asia and the international market, with operations in Vietnam, Singapore, Cambodia and Thailand. Leveraging cloud-native platforms, VinHMS aims to reduce overall costs, streamline processes, increase operational efficiency, accelerate innovation, improve guest experiences and enhance hotel operators’ financial performance through artificial intelligence, machine learning and proprietary advanced algorithms.

VinHMS’ expansion extends beyond Asia following its successful acquisition by Vemanti Group, Inc., a leading technology holding company. This strategic move positions VinHMS as a leader in digital solutions for the hospitality sector. Leveraging its expertise in digital transformation solutions, VinHMS aims to revolutionize the US hospitality industry. With extensive experience in Southeast Asia, VinHMS offers its innovative solutions to hotel operators in the US. This strategic move underscores VinHMS’ commitment to global innovation and customer-centric solutions. The acquisition of VinHMS marks a key moment in the Company’s collective history, setting the stage for a future defined by innovation, market leadership, and an ambitious path to NASDAQ.

A recent highlight for VinHMS was participation in HoSkar Night Bangkok, organized by WeHub, it is the most dynamic networking event for the hospitality and real estate industry in Southeast Asia. The event provided a platform for VinHMS to showcase the latest innovations and network with industry leaders in Thailand. VinHMS’ participation in HoSkar Night reinforces its status as a key player in the hospitality technology sector and highlights its ongoing efforts to remain at the forefront of industry trends.

VinHMS offers a range of products designed to meet the diverse needs of the hospitality industry. As a member of HTNG and adhering to international standards such as ISO 27001:2013 and PCI/DSS, it confirms the reliability of its solutions in meeting the most stringent requirements during integration with the world’s leading hotel chains. This commitment remains the orientation of VinHMS as it builds prestige among international partners. Its flagship solution, a comprehensive hospitality management platform, has been successfully implemented in the largest hotel brands such as Vinpearl, Melia Hotel International, Marriott, Sheraton, CityHouse and more. In particular, VinHMS offers a suite of innovative solutions in the hospitality technology sector, including: