HANOI, Nov 7 (Reuters) - Pham Nhat Vuong, the founder of

Vingroup, Vietnam's biggest listed company with a

capitalisation of $30 billion, has set up a new firm to produce

planes and spacecraft, according to a document in the business

registry.

Vingroup focuses on real estate but has multiple

subsidiaries, including Nasdaq-listed electric carmaker VinFast

and recently established units to build a $70 billion

high-speed railway and to produce the steel needed for civil

works.

The new company, named Vinspace Joint Stock Company, was

established on Monday, with initial capital of 300 billion dong

($11.4 million), according to the registration document.

Vingroup did not have an immediate comment about the new

company.

Vuong holds 71% of Vinspace's shares, Vingroup has 19% and

Vuong's two sons the remaining 10%, according to the document.

Vinspace's business scope also includes air cargo transport,

telecommunication satellite operations and scientific research,

according to the document.

Vuong, who built his first fortune in Ukraine in the 1990s

selling instant noodles, is Vietnam's richest man, based on the

value of publicly listed companies that he controls.

Under the Vingroup umbrella he has launched dozens of successful

enterprises, including in tourism, healthcare and education, but

has also withdrawn from others, such as smartphone production

and a plan to set up an airline.

Trade-reliant Vietnam is encouraging domestic conglomerates

to expand as it seeks new ways to support economic growth while

it faces uncertainty from tariffs on its exports to the U.S.,

its largest foreign market.