VinFast’s founder hands CEO role to son amid expansion push

HANOI: VinFast's chairman, Pham Nhat Quan Anh, has appointed his son as the global CEO of the Vietnamese electric vehicle manufacturer, taking over from his father, the company's founder and billionaire Pham Nhat Vuong. This decision comes as VinFast accelerates its international expansion, targeting Asia, Europe, the Middle East, and North America.

Quan Anh, a graduate of Singapore Management University, has held senior roles within VinFast and other Vingroup companies. He will also maintain his position as CEO of VinMetal, a steel manufacturing unit owned by Vingroup. Meanwhile, Vuong is promoting his other son to become the global CEO of Green & Smart Mobility JSC, an electric ride-hailing taxi company.

This leadership reshuffle aims to bolster overseas growth as both companies grapple with losses and increased competition. VinFast has already established a presence in 16 countries, producing EVs and electric motorcycles at four factories across Vietnam, Indonesia, and India. Meanwhile, GSM is eyeing a potential expansion into the US by the end of 2026, with plans for a Hong Kong initial public offering on the horizon.