VinFast appoints son of billionaire Pham Nhat Vuong as chairman

Pham Nhat Quan Anh, the son of billionaire Pham Nhat Vuong, officially assumed the role of VinFast chairman from last Saturday.

VinFast Auto Ltd. on Monday announced that its board of directors had appointed Pham Nhat Quan Anh as chairman of VinFast as the company seeks to support its global expansion strategy in a new phase of development.

Pham Nhat Quan Anh replaces Le Thi Thu Thuy who will step down from both the chairmanship and the board of directors of VinFast to focus on key priorities at Vingroup, where she serves as vice chairwoman.

Before taking the top role at VinFast, Pham Nhat Quan Anh served as vice chairman and standing deputy CEO of VinFast Production and Trading JSC.

Born in 1993, he has experience across multiple management functions and has contributed to VinFast’s development from its early domestic market operations to its international expansion efforts.

The new chairman holds a bachelor’s degree in business administration from Singapore Management University. He previously served as deputy CEO and deputy managing director at Vinpearl between 2017 and 2019, where he gained experience in operational management, system development and strategic planning.

Since joining VinFast in February 2019, Pham Nhat Quan Anh has held several senior leadership positions across vehicle development, manufacturing, sales and after-sales operations.

His previous roles included deputy CEO for global sales, marketing and after-sales services, as well as head of planning, coordination and quality control. The company said he played a key role in building VinFast’s domestic foundation and expanding its presence in overseas markets.

The appointment comes after VinFast on May 12 announced a major corporate restructuring, as previously reported by The Investor. Under the new structure, VinFast will be split into two separate legal entities with distinct functions.

A newly established entity, VinFast Vietnam JSC (VFVN), will take over strategic and “soft” assets including global R&D operations, intellectual property, sales and after-sales systems, as well as subsidiaries in Vietnam, Australia and Germany.

Meanwhile, VFTP will continue to hold the company’s manufacturing plants and industrial assets in Vietnam, its stake in VinEG Green Energy Solutions JSC, and several real estate-related investment agreements.

Existing financial obligations to lenders will remain under VFTP, the entity responsible for VinFast’s manufacturing operations.

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