VinFast names founder’s eldest son as its global chief executive
The EV maker is planning to restructure into a more asset-light company
Vietnamese electric vehicle manufacturer VinFast appointed its founder's eldest son, Pham Nhat Quan Anh, as the global chief executive on Saturday (Sep 12). The 33-year-old Anh, who was appointed global chairman in May, will also assume the roles of chairman and CEO of VinFast Vietnam. The company plans to restructure into a more asset-light organization to facilitate growth in key markets like Southeast Asia and India.
Anh will take ultimate responsibility for all VinFast operations as the company enters a new growth phase. His father, founding father Vuong, will retain his position as board member. Anh's previous leadership roles include serving as an executive at General Motors and Opel, as well as leading VinFast through its Nasdaq listing.
VinFast recently unveiled a restructuring plan to transfer manufacturing assets worth about US$530 million and assume US$6.9 billion in debt. The move aims to alleviate future capital requirements. Anh, a graduate of Singapore Management University, previously held senior positions at VinFast and other Vingroup companies. He will continue to lead VinMetal, a steel producer within the Vingroup conglomerate.
On the same day, Vuong's second son, Pham Nhat Minh Hoang, was named the global CEO of VinFast-linked taxi firm GSM, with Nguyen Quoc Tuan appointed as global chairman.
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