Southeast Asia’s richest man Pham Nhat Vuong appoints 2 sons as CEOs of VinFast, Green SM

Pham Nhat Vuong, Southeast Asia's wealthiest individual, has appointed his two sons as CEOs of VinFast and Green SM, two prominent subsidiaries of his conglomerate Vingroup. Pham Nhat Quan Anh, the eldest son, will succeed Vuong as CEO of VinFast, Vietnam's pioneering automobile manufacturer, effective immediately. Anh, 33, previously held the position of chairman and has extensive experience within Vingroup, joining the conglomerate in 2015.

He will also maintain his role as CEO of VinMetal, a high-grade steel producer within the Vingroup network. Meanwhile, Pham Nhat Minh Hoang, Vuong's second son, has been named CEO of Green SM. Hoang, 26, has previously served as CEO of the company and has a track record of leadership roles across numerous organizations, including VinFast, Green Future, VinSmart Future, and Green SM itself.

Additionally, he has made direct investments in various Vingroup-affiliated businesses, such as VinSpeed, VinEnergo, VinMetal, VinVentures, and robotics firms. The leadership transition at both VinFast and Green SM follows a broader pattern of talent development within Vingroup, as the conglomerate seeks to hand greater responsibility to a younger generation of executives amidst its rapid expansion.

Vuong, chairman of Vietnam's largest listed company Vingroup, is the richest man in Southeast Asia, with a net worth of $37.9 billion, according to Forbes' real-time data. His wife, Huong, ranks second among Vietnam's wealthiest individuals with a fortune of $4.3 billion.