Vietnam Opens Major Space Science and Technology Center

TLDR

• VinSpace was established in November 2025 by Vingroup, Vietnam’s largest privately-owned conglomerate.
• The government has set a goal of becoming a mid-level space power in Southeast Asia by 2030, with satellite technology seen as part of a wider drive to develop high-tech industries.
• The satellites will fly aboard a 2027 mission under SpaceX‘s Transporter rideshare program, which allows multiple customers to share the same rocket and split satellite launch costs.
• In March, Vietnam opened a major space science and technology center at Hanoi’s Hoa Lac High-Tech Park, aimed at expanding domestic satellite development and the use of space-based data.
• Vietnam‘s only private space company on Tuesday signed a deal with SpaceX to launch its first satellites into orbit next year.